India and Iran strengthen relations in the sector maritime-port with Indian investments in the Iranian port of Shahid Behesthi (Chabahar) and with the forthcoming reconstitution of a Shipping company owned by the two nations. Yesterday India Ports Global Ltd (IPGL) has signed with Iran's Ports & Maritime Organization (PMO) a long-term agreement for the development of the port of Shahid Behesthi, an agreement that takes up a 2015 Memorandum of Understanding and a 2016 contract had the same objective, namely to establish a link between India's maritime alliance with the nations of Central Asia and Afghanistan through the Chabahar port hub. IPGL is was formed at the beginning of 2015 mainly to participate in the to the development of Shahid Behesthi Harbour and is held by the Indian Ministry of Ports, Shipping and Waterways through Sagarmala Development Co., Ltd.

India's planned investment in the Iranian port amounts to €370 million million dollars, of which 250 million for the construction of port infrastructure and €120 million for the purchase of equipment Port.

On the occasion of the signing of the contract in Chabahar, affixed by Indian opinion from the Minister of Ports, Shipping and Roads Sarbananda Sonowal, Iran's Minister of Roads and Culture. Urban development, Mehrdad Bazrpash, said that soon India and Iran will jointly set up a shipping company, thus resuming an initiative implemented with the Constitution of the joint venture Irano-Hind Shipping Co. Iran's Islamic Republic of Iran Shipping Lines (IRISL) and by the Indian Shipping Corporation of India (SCI) and at the time affected by sanctions against Iran.