• publish: 18 July 2015
  • time: 11:30 am
  • category: International
  • No: 346
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Iran seeks India’s favor to invest in Iran

Iranian President Hassan Rouhani has asked India to invest in infrastructure projects worth $8 billion in Iran.

Iranian President Hassan Rouhani has asked India to invest in infrastructure projects worth $8 billion including an expanded role in developing a strategic port that will open up access to Central Asia, Iran’s envoy to New Delhi said on Friday.

The port of Chabahar in southeast Iran is central to India’s efforts to circumvent arch-rival Pakistan and open up a route to landlocked Afghanistan where it has developed close security ties and economic interests.

Rouhani suggested the larger role for India during a meeting with Prime Minister Narendra Modi on the sidelines of a summit in Russia days before the historic nuclear deal between Iran and world powers, Iran’s ambassador to India said.

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