India to sign deal with Iran on Chabahar port project soon

India is moving closer to finalizing a crucial plan to invest in Iran’s southern Chabahar port – a project that would open a new economic corridor rival to what China plans to do in Pakistan’s Gwadar port. 

India’s Union Shipping Minister Nitin Gadkari is expected in Tehran within the next few days to formalize a deal for the project, the New Delhi-based Business Standard newspaper reported.

India is also likely to engage in discussions with the US to secure a waiver of sanctions on activities at Chabahar, the report added.

“Talks about the proposed speed and manner in which the US government plans to free up the sanctions might also be on the cards, so that India does not run the risk of attracting punitive sanctions,” it said.

Read more » Press Tv
See more » http://www.presstv.ir/Detail/2015/04/25/408007/Iran-India-Chabahar-Corridor-Trade-economy-sanctions-washington-zarif-kerry

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