India Companies to Improve Iran Port, Overlooking U.S. Sanctions
The Indian government agreed to let companies from the South Asian nation upgrade the facilities of a port in Iran, despite U.S. warnings not to rush into investments in the country before a nuclear deal is completed. Indian Shipping Minister Nitin Gadkari signed an agreement with Iranian Transport Minister Abbas Ahmad Akhoundi that will allow Indian companies to negotiate a commercial contract to lease two berths at the port. The companies will ensure that the berths can be used as container and multi-purpose cargo terminals, India’s ...
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