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India on Monday signed a 10-year contract with Iran to develop and operate the Shahid Beheshti terminal at Chabahar port on Iran’s south-eastern coast.
The contract was signed in Tehran by India Ports Global Ltd (IPGL) and the Ports and Maritime Organisation of Iran in the presence Union Ports, Shipping and Waterways Minister, Sarbananda Sonowal, the Indian Embassy in Iran posted on X.
Under the agreement, government-owned IPGL will invest about $120 million while there will be an additional $250 million in financing, bringing the…