India to invest over Rs 1 lakh crore Iran, says Gadkari

New Delhi, Sept.23 (ANI): Union Minister for Road Transport and Shipping Nitin Gadkari has revealed that India will invest close to Rupees one lakh crores in mega projects in Iran.

Referring to the development of Iran’s Chabahar Port, Gadkari said Wednesday,”Various ministries will give their report by September 28, based on which a final decision will be taken. India is ready to invest more than Rs 1 lakh crore, but that depends on negotiations with Iran.”

On talks on supply of natural gas, Gadkari said, “Iran is offering gas to India at USD 2.95 per mmBtu to set up urea plant at the Chabahar port in Iran. India is negotiating the gas price and has demanded it at USD 1.5 per mmBtu rate.” (ANI with inputs)

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