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India has signed a 10-year contract to develop and operate the Iranian port of Chabahar, which is a crucial gateway to Afghanistan and Central Asia. The deal, valued at $370 million, is seen as a potential counter to a Chinese-controlled project in Pakistan. However, the success of the agreement hinges on the U.S. not imposing sanctions. India's investment in the port and offer of credit to Iran are part of the effort to improve project-related infrastructure.
