May 23, 2016:
The pact was signed on this day by India and Iran.
Description
A "milestone" pact on the strategic Chabahar port in
southern Iran which will give India access to Afghanistan
and Europe bypassing Pakistan was among the
agreements signed on May 23, 2016 by India and Iran which
also agreed to cooperate on combating radicalism and terror.
India will invest USD 500 million in
terms of the bilateral pact to develop the Chabahar port.
A trilateral Agreement on Transport and Transit
Corridor was also signed by India,
Afghanistan and Iran, which Prime Minister Narendra
Modi said could "alter the course of the history of the
region".
The bilateral agreements signed by India and Iran after
detailed discussions between Modi and President Hassan
Rouhani included one on setting up of an aluminium
plant and another on laying a railway line
to give India access to Afghanistan and Central Asia.
The agreements, aimed at further deepening
India-Iran ties in diverse fields, covered areas of
economy, trade, transportation, port development, culture,
science and academic cooperation.
The key agreement signed was a contract for development
of Phase I of the Chabahar port on the southern coast of
Iran by an Indian joint venture.
India - Iran Strategic Chabahar Port will boost Trade with
Afghanistan
India's Plan to Counter China's 'String of Pearls'
Pakistani Expert Accepts That Chabahar Port Will Ruin Gwadar Dre
