India to invest $75 million in Iran's Chabahar portStaff writer ▼ | May 31, 2016
India is willing to make $75 million of investment in the port city of Chabahar in this southeastern province in Iran, a local official said.
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However, the official added, India has started no practical job on the port yet. As for the development project of the port, he said the plan started in 2007 with a total budget of $340 million in five phases.
He said once the development project is completed, Indian firms will be able to make investment on purchasing and installing the equipment needed there.
According to the official, India is keen to invest in railway industry and petrochemical projects as well. ■