India offers to invest $20 billion in Iran

  1. Context: Oil Minister Dharmendra Pradhan is in Iran with a delegation of industry executives for two days
  2. Indian offer: ITo invest $20 billion in Iran’s petrochemical, fertilizer and liquefied natural gas (LNG) facilities
  3. In return: India sought cheap natural gas and land to set up the units
Foreign Policy Watch: India-Iran
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