Iran Chabahar Port Lease Deal With India Takes Effect

With the opening of the Indian Ports Global Limited's office in Chabahar on Monday, Iran has officially leased the operational control of Shahid Beheshti Port to India. 
The Indian company is a joint venture managed by Jawaharlal Nehru Port Trust and Kandla Port Trust for the development of ports overseas.
"The Indian company’s operational control would last for one and a half years, which may be followed by a 10-year extension," Mohammad Ali Hassanzadeh, the deputy head of Ports and Maritime Organization of Iran, said. 
Loading and unloading as well as supply of equipment and marketing will be part of IPGL mission in Chabahar,