Bad news for India: China may have just concluded a 25 year deal with Iran.
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Even if the leaked details are not yet agreed upon, they reveal a direction and scope that should cause major concern to India. Under a 25-year pact, China will invest $400 billion in Iran’s petroleum sector as well as its core infrastructure — banking, telecom, ports, airports, high-speed railways, metro and free-trade zones. Iran will become a crucial pivot of China’s Belt and Road Initiative (BRI), linking China to Europe. A military dimension envisages joint military exercises, joint training, joint research and development of weapons. China will get assured supplies of Iranian oil, gas and petroleum products at highly discounted prices.