Historic moment: India-Iran sign USD 500 million deal

  • 4 years ago
The inking of a commercial contract to build and run the strategic port of Chabahar is being seen as a historic moment for both India and Iran. Considering the fact that China is trying to control the pulse of regional trade by making extensive investments in the Pakistani port of Gwadar, this can be seen as a big step by India against its strong competitor by investing in the port.