India joins Ashgabat agreement
India has joined the Ashgabat agreement which envisages setting up of an international transport and transit corridor linking central Asia with the Persian Gulf to significantly ramp up trade and investment. "Turkmenistan, as depository State of Ashgabat Agreement, informed India today that all the four founding members have consented to the accession of India (to the agreement)," the external affairs ministry said.
Accession to the Agreement would diversify India's connectivity options with central Asia and have a positive influence on India's trade and commercial ties with the region," the ministry said in a statement.
It said India's accession to the agreement will come into force on Saturday.
After approval of the Union Cabinet, India had deposited the instrument of accession with Turkmenistan in April 2016.
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