Nuclear accord could revive Iran-India shipping joint venture
A shipping joint venture (JV) with Iran that ferried crude oil to India for four decades until the July 2012 Western sanctions crippled its operations could get a new lease of life, after the Persian Gulf nation and global powers reached a nuclear agreement last week that will lead to lifting of these sanctions./ The framework agreement between Iran and global powers was signed on 2 April, exactly two years after India’s cabinet committee on economic affairs (CCEA) decided to wind up Irano Hind Shipping Co. P.J.S—a JV between Shipping Corp. ...
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