India secures 10-year lease agreement for strategic Chabahar Port in Iran
In a significant development on Monday, May 13, India, through India Ports Global Ltd, and the Ports & Maritime Organisation of Iran (PMO) inked a new 10-year contract to manage the strategically located Chabahar Port along the Gulf of Oman. This long-term agreement involves an investment of $120 million by the Indian firm to upgrade […]