Iran offers control of Chabahar to India ahead of schedule for wheat.

Iran is offering management control of its Chabahar Port to India one and a half year ahead of its scheduled transfer. The offer, which comes a few weeks after India sent its first consignment of wheat from Mundra port to Chabahar and then to Kabul last month, is with Shipping Minister Nitin Gadkari who is traveling to the Iranian port on December 3 to attend the inauguration of Chabahar’s first phase by Iranian President Hassan Rouhani. Chabahar is located in the Sea of Oman and is seen as the starting point of the Indian sub-continent. India has been engaged in conversation with Iran for its development since 2003, but because of sanctions by the US and UN, the project could not gather momentum. Indian Prime Minister Narendra Modi had signed an agreement last year in Tehran and promised $500 million to develop the port. Later, Gadkari had promised billions of dollar for the country’s development.