(MENAFN) India is ready to invest more than USD15.2 billion to build projects in Iran including taking up full-scale development of Chabahar Port if Tehran offers better terms including cheaper gas.
India is one of the handful countries that continued trade links with Iran, isolated by Western countries against its disputed nuclear programme. New Delhi is Tehran's second biggest oil client after Beijing.
"We are ready to make a huge investment in Iran and this is mainly linked to gas pricing offered by Iran ... Gas price is a crucial issue," Shipping Minister said.
Days before the historic nuclear deal between Tehran and the West in July, President Rouhani offered India a greater role in infrastructure projects including overall development of Chabahar port.
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