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Tag: Sarbananda Sonowal

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India, Iran ink 10-year pact to equip, operate Chabahar port | India News – Times of India

NEW DELHI: India and Iran Monday signed a 10-year contract to further equip and operate a Chabahar port terminal. The contract will see India Ports Global Limited (IPGL) investing $120 million in equipping the strategic port that provides India access to Afghanistan and Central Asia, bypassing Pakistan which denies India land access to the region.During his visit to Tehran on Monday, minister of shipping, ports and waterways Sarbananda Sonowal witnessed the signing of the new 10-year contract between IPGL and Ports & Maritime Organisation of Iran (PMO).According to govt sources, under the contract, IPGL will commit to further equip and operate the port for the duration of the contract. At the end of the 10-year period, both sides would further extend their cooperation in Chabahar, t...