Srinagar, May 13 (KNS): India is likely to sign an agreement with Iran on Monday to manage the southeastern Iranian port of Chabahar for the next 10 years, a report said.

The report citing sources said that India Shipping Minister Sarbananda Sonowal is likely to travel to Iran to sign the agreement.

India has been developing a part of the port in Chabahar, which is located on Iran's southeastern coast along the Gulf of Oman, as a way to transport goods to Iran, Afghanistan and central Asian countries that avoids the port of Karachi in its rival Pakistan.Click Here To Follow Our WhatsApp Channel

US sanctions on Iran, however, have slowed down the port's development. (KNS)