India, Iran sign pact for long-term operation of terminal at Chabahar

This is the first time India will take over the management of an overseas port.

India and Iran on Monday signed a long-term contract for the operation of the Shahid Beheshti Port terminal at Chabahar in Iran.

The contract was signed by India Ports Global Ltd and Ports and Maritime Organisation of Iran in the presence Ports, Shipping and Waterways Minister Sarbananda Sonowal, according to a series of posts on X by the Indian Embassy in Iran.

This is the first time India will take over the management of an overseas port.

The Ministry of External Affairs (MEA) had allocated Rs 100 crore for Chabahar Port for 2024-25, underlining India's focus on connectivity projects with Iran.