India-Iran Sign Chahabar Port Deal

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India-Iran Sign Chahabar Port Deal

Narendra Modi is on a two day trip to Tehran to seal the deal regarding the Chahabar Port. The Iranian President Hassan Rouhani and the Indian Prime Minister Narendra Modi on Monday signed a historic deal that encompasses the matters of developing the Chahabar Port. The details of the requirements that are needed to improve the conditions are all mentioned in the pact. The signatories called it an “enduring partnership”.

According to Modi, the Central focus is on the enhancement of the friendship between these two nations for further issues. the main aim of this project is the trilateral tie regarding the Chahabar Port at the gulf of Oman. At a press conference, Narendra Modi said, “”India and Iran are not new friends. Our dosti is as old as history.”

As per the deal, India will invest about$200 million (approx Rs. 1,346 crore) for the improvement of the cargo berth and the terminals. One more plan is to construct a 500km railway between Chahabar and Zahedn, which is the caapital of the Iran’s Baluchestan province. The pact will open a new route to the transportation of trade goods from Central Asia. Doing this India will be allowed to bypass Pakistan because of the location of Chahabar. The route taken for the transporation will become easier and shorter with this.

This trip is important one because in the last fifteen years this will be the first trip made by the Indian Prime Minister to Iran. One more important point in favour of the nationalism is that before the visit of Narendra Modi, India has cleared the$6.4 billion oil dues to Iran. Narendra Modi, as we all know keeps in touch with all through his Tweeter account. So, this time also is not an exception. Before the visit, Narendra Modi in a series of Tweets expressed what he feels about this tie.

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