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Iran finds new port partner in India

Though Iran has made use of the lifting of nuclear-related sanctions to boost ties with India, deepening trade with New Delhi is only part of its vision for such cooperation.
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TEHRAN, Iran — Among the many delegations that have visited Iran since the Jan. 16 lifting of nuclear-related sanctions, India has been among the few that have managed to actually secure a major economic deal with the Islamic Republic.

Indian Prime Minister Narendra Modi signed 12 agreements, including a deal to develop Chabahar — a port city on the Gulf of Oman — shortly after he paid an official visit to Iran in late May. India committed to immediately invest about $500 million in the Iranian free trade zone, while it also vowed to spend an additional $20 billion to develop the port city with roads and railroads running inland to the north.

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