Iran and India sign port deal, other economic agreements
TEHRAN- India said Monday it will invest up to $500 million in a deal to develop a strategic port in Iran and both countries planned a number of projects they say are worth hundreds of millions of dollars.
The deal and plans were announced during a visit by Indian Prime Minister Narendra Modi, the first such trip in more than a decade.
In a ceremony marking the agreements, Modi said the bilateral agreement to develop Chabahar, in southern Iran, and the "availability of about $500 million from India for this purpose is an important milestone," in relations between the two countries.
