(Washington Post) Max Bearak and Brian Murphy - Indian Prime Minister Narendra Modi was in Tehran on Sunday and Monday to ink a major trade deal with Iran, where he evoked the "past glory" of India and Iran's shared history. India has been eyeing the port of Chabahar on Iran's southern coast for many years. "What this agreement does is to enable us quick movement of goods first to Iran and then onwards to Afghanistan and Russia through a new rail and road link," said Nitin Gadkari, an Indian minister who oversees infrastructure development. India is mostly just trying to grab a piece of Iran's post-sanctions economic growth. India will extend a $150 million credit line to Iran to build the port, and a special economic zone will be established there, in which India will set up factories that can run on Iranian fuel at discounted rates.
2016-05-24 00:00:00Full ArticleBACK Visit the Daily Alert Archive