Post by Global News on
Indian Company invests approx 370 million into Iran Port in 10 year plan. Ports Global Limited (IPGL) committed to invests 370 Million USD into Iran Port. Below excerpt and title of this post reported by TOI News Desk. (2024, May 13). Chabahar agreement: India takes major step in Central Asia with Iran port deal. The Times of India 'India and Iran sealed a critical 10-year agreement on Monday to jointly develop and manage the Chabahar port, a move that significantly deepens their strategic and economic cooperation. The pact underscores India's intent to expand its geopolitical footprint and boost trade across the West and Central Asian regions.' 'Under the agreement, India Ports Global Limited (IPGL) committed to investing $370 million to enhance the port's infrastructure. This includes acquiring strategic equipment and expanding the transport facilities, essential for transforming Chabahar into a dynamic regional hub for trade transit.' To read full article, click here Image by … Read more
