Tehran, May 23 (UNI) India today sealed pacts with Iran to pave the way for potential investment of 20 billion dollar by Indian companies in fertiliser, petrochemical, pharmaceutical and IT projects in the Chabahar special economic zone (SEZ) of the Persian Gulf country. Meanwhile, a trilateral transport and transit corridor agreement signed by Afghanistan, India and Iran will allow Indian goods access to the Central Asian countries’ market. That means a big boost to Indian exports. “The agreement on the establishment of a Trilateral Transport and Transit Corridor can alter the course of history of this region. It is a new foundation of convergence between our three nations,” asserted Prime Minister Narendra Modi who is on a two-day visit to Tehran. The corridor would spur unhindered flow of commerce throughout the region. Inflow of capital and technology could lead to new industrial infrastructure in Chabahar. This would include gas based fertiliser plants, petrochemicals, pharmaceuticals and IT. The key arteries of the corridor would pass through the Chabahar port of Iran. Its very location, on the mouth of Gulf of Oman, is of great strategic significance. Afghanistan will get an assured, effective, and a more friendly route to trade with the rest of the world. The arc of economic benefit from this agreement would extend beyond our three nations. Its reach could extend to the depths of the Central Asian countries. More UNI NM SW RP 1933