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India Secures Iranian Port Pact Of Chabahar, Eyes Central Asian Markets, Bypassing Pakistan

India Secures Iranian Port Pact Of Chabahar, Eyes Central Asian Markets, Bypassing Pakistan

New Delhi: India on Monday inked a ten year long contract to initiate operations at the strategic Iranian port of Chabahar. The port on the Gulf of Oman was being developed by India, however the US sanctions on Iran had slowed down the process, the plan to do so was first proposed in 2003. The Chabahar port aims to provide a new route to reach the landlocked Afghanistan and Central Asia, bypassing Pakistan.   India's Ports, Shipping and Waterways Minister Sarbananda Sonowal visited Iran on Monday to attend the signing ceremony in the presence of Iranian Transport and Urban Development...

May 14
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