India Signs Iran Port Deal to Expand Central Asia Trade
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India signed a long-term agreement to operate the strategic Chabahar port with Iran as it seeks to expand trade in Central Asia.
Sarbananda Sonowal, India’s ports and shipping minister, signed the deal in Tehran on Monday. India also offered to provide a loan of $250 million to develop a terminal at the port, India’s embassy in Iran said in a post on social media platform X.