India and Iran signed 12 agreements, including three on development of the Chabahar port for enhanced connectivity. A bilateral contract on the Chabahar port between India Ports Global Pvt. Ltd. and Arya Bandar of Iran envisages development and operation for 10 years of two terminals and five berths with cargo handling (multipurpose and general) capacities.

A memorandum of understanding (MoU) was signed between India?s Exim Bank and Iran?s Ports and Maritime Organisation for a line of credit from India of $150 million to develop the Chabahar port.