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India ready to invest US$15b in Iran if it can secure gas deal

SEEKING STRONGER TIES: Mr Gadkari said building a plant in Iran and importing urea from there to India will help save a part of the 800 billion rupees in subsidies and halve the prices for farmers.

New Delhi

INDIA is ready to invest more than US$15.2 billion to build projects in Iran including taking up full-scale development of Chabahar Port if Teheran offers better terms including cheaper gas, Shipping Minister Nitin Gadkari said on Wednesday.

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