2904
India to Develop Chabahar Port
Economy, Domestic Economy

India to Develop Chabahar Port

India will set up a company to develop Iran’s Chabahar Port to open up a better trade route into landlocked Afghanistan, a government statement said on Saturday. According to Businessworld, India plans to sign an agreement with Iran for the development of the port of Chabahar in southeast Iran. This port is central to India’s efforts to get around Pakistan and open up a route to Afghanistan. It would also give India a sea-land access route into Afghanistan through Iran’s eastern borders. The Indian company will invest $85.21 million in one year to convert the berths into a container terminal and a multi-purpose cargo terminal and India would consider the participation of Iranian firms if needed. Chabahar is located in Sistan-Baluchestan province on Iran’s southeastern coast and is a port of great strategic value. It lies outside the Persian Gulf and is easily accessed from India’s western coast.

 

Short URL : http://goo.gl/fdhaaW

You can also read ...

CBI Outlines Top Priorities
The governor of the Central Bank of Iran, who took the reins...
Non-Oil Trade Value With Egypt Tops 80%
Iran traded 298,616 tons of non-oil commodities worth $128.23...
Colza Production Breaks 30-Year Record
Colza production in Iran since the beginning of the current...
Interest Rate Growth Gathers Pace
Two major banks have been allowed by the Central Bank of Iran...
IKCO to Deliver Presold Peugeot 2008 SUVs
Extending apologies for the prolonged delay in the delivery of...
Vacuum Cleaners Imported From 14 Countries
More than $29 million worth of vacuum cleaners were imported...
Domestic Shoe Industry Hit by Raw Material Shortage
Domestic shoe production has declined by over 70%, the head of...
Rail Exports From Qom to CIS Grow 29%
More than 3,403 tons of goods were exported via railroads from...

Trending

Googleplus