Japan is considering partnering with India to develop the strategically located Chabahar Port project in Iran, said a report.

Diplomatic sources haven’t confirmed the report yet, said the Iran Daily News, citing an India Times report.

Last year, prior to the lifting of Western sanctions on Iran, Japan’s ambassador to Iran Koji Haneda had visited the port city on the Gulf of Oman and spoke how the project could turn into a global trade hub, added the report.

Apart from looking at developing the port jointly with India, Japan is also said to be considering building an industrial complex in Chabahar, it said.

For the first time in almost 38 years, Japanese Prime Minister Shinzo Abe is expected to visit Iran in August this year. The visit is likely to see Japan announcing investments into some major infrastructure projects in Iran.