The government announced on Monday that India has taken over the operations of a part of the Chabahar Port in Iran. The takeover marks the first time India is operating a port outside its territory.
The takeover of operations was done during the Chabahar Trilateral Agreement meeting between Indian, Iranian and Afghanistan's officials on December 24, the Shipping Ministry said in a statement.
"This step marks the beginning of a long journey. India has written a history with its engagement in Chabahar and is now leading the regional cooperation and joint efforts to support land-locked Afghanistan," it said.
India started talks with Iran on Chabahar Port in 2003. A Memorandum of Understanding was signed between the two countries for the development of the port in May 2015. It was later translated into a formal 10-year contract for equipping and operating the port.
Get the latest election news, live updates and election schedule for Lok Sabha Elections 2019 on ndtv.com/elections. Like us on Facebook or follow us on Twitter and Instagram for updates from each of the 543 parliamentary seats for the 2019 Indian general elections.