Japan Eyes Teaming Up With India for Chabahar Project
Economy, Domestic Economy

Japan Eyes Teaming Up With India for Chabahar Project

The Japanese government hopes to play a role in the development of a regional logistics hub in southeastern Iran.
According to a report by Nikkei Asia Review—a publication of the world’s largest financial newspaper, the Tokyo-based Nikkei, Japan hopes to team up with India on the construction project, which is set to include a port and an industrial complex. India has already begun work on the project.
With Iran expected to enter a period of growth after the lifting of economic sanctions last year, Tokyo is keen to build stronger ties with Tehran.
Japanese Prime Minister Shinzo Abe hopes to reach a deal during a planned visit to the Iranian capital later this year.
The planned site for development is the city of Chabahar on the coast of Sea of Oman, close to the Pakistani border. The location lies in Iran’s southernmost free trade zone and offers prime access to shipping lanes in the Indian Ocean.
Chabahar is also a pivotal trade hub for Afghanistan and other Central Asian countries.
In April, the Indian government announced plans to invest some $20 billion to build fertilizer and petrochemical plants at Chabahar.
The Japanese government hopes to start drawing up specific plans by the end of this year through the Japan International Cooperation Agency. Taking heed of requests from Iran and India, the government will decide on details such as the infrastructure and a list of companies it will invite to tender for the project. The investment will use official development assistance.
The Japanese government hopes to develop the area into a trading center for resource-rich Central Asian countries such as Turkmenistan, the world’s fourth largest producer of natural gas.
It also hopes that Chabahar will serve as a logistics pivot for Iran and Afghanistan, the report concluded.

Short URL : http://goo.gl/d9CF3L
  1. http://goo.gl/FhmnMG
  • http://goo.gl/mSSWVL
  • http://goo.gl/qT4MUk
  • http://goo.gl/mcEeyK
  • http://goo.gl/krSkBx

You can also read ...

Proses has offered to explore a possible SISP at the world class Mehdiabad zinc (lead and silver) project in Iran where it has a role in development planning.
British mining and mineral processing technology company...
US Looking East After Fining Europe Over Iran Business
The US effort to put Iran in a financial bind meant European...
Home Security Startup Taps Face-Recognition Tech
A team of engineers that worked on self-driving cars and...
Iran’s Corruption Perceptions Index Improves
Iran’s score based on the Corruption Perceptions Index...
SpaceX successfully deployed a satellite into low Earth orbit for the Spanish government.
SpaceX took a critical step Thursday toward making one of Elon...
Crimean Ports Under Sanctions Looking for Way Out to Iran
Crimea’s ports, which are not operating at full capacity due...
Depending on Iran’s progress in completing its action plan, FATF will take further steps in June 2018.
The Financial Action Task Force has recognized measures taken...
Iranian Internet Service Providers Under Scrutiny
In a bid to increase access to the Internet, the Communication...