India-Iran ties: Modi, Rouhani sign 12 agreements in Tehran

posted by
May 24, 2016
International Business Times    
Posted in News

"On the second day of Indian Prime Minister Narendra Modi's visit to Iran, the two countries signed a dozen agreements, one of them a tripartite transit and transport deal involving Afghanistan. The deals, signed Monday, include infrastructure projects, energy partnerships, bilateral trade, cultural exchange and intelligence sharing, with a focus on terrorism. The most talked about contract was for the development of the Chabahar port in the Gulf of Oman on Iran’s southeastern coast. India will invest $500 million in the first phase of the project, which include two terminals and five multi-cargo berths, to be developed by India Ports Global Private Ltd. in partnership with Iran’s Ports and Maritime Organization." (05/24/16)  

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