India, Iran sign 10-year contract for Chabahar port operation
Eight years after concluding the general framework of cooperation on the Chabahar port in Iran, India and Iran signed a 10-year contract for its operation. The long-term agreement was signed between Indian Ports Global Ltd. (IPGL) and Port and Maritime Organisation (PMO) of Iran, enabling operation of the Shahid-Behesti terminal. Subsequently, IPGL will invest approximately…