India defies US to invest in Iranian port of Chabahar
India will invest in the Iranian port of Chabahar, despite US political pressure to stick to sanctions against Iran.
In October 2014, the Indian government decided that the state-run Jawaharlal Nehru Port Trust and Kandla Port Trust would form a joint venture to invest US$85m in upgrading Chabahar’s two berths.
The government also said that the venture may look for an Iranian partner and a private-sector Indian partner.
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