
A senior Indian official stressed the importance of the Southern Iranian port of Chabahar for the transit of India's products to other countries.
The Iranian port (Chabahar) is a very significant port for investment and it also links India with its neighbors," Director General of the Indian Institute for Defense Studies and Analyses Arvind Gupta said.
The Port of Chabahar is a seaport in Southeastern Iran. Its location lies on the border of the Indian Ocean and the Sea of Oman. It is the only Iranian port with direct access to ocean. The port was partially built by India in the 1990s to provide access to Afghanistan and Central Asia, bypassing Pakistan.
Iran's Chabahar port, which is located 72 kilometers West of Pakistan's Gwadar port, holds immense strategic and economic significance for India. Chabahar and Gwadar ports are located in a common coast and they are 70 kilometers away from one another.
In July, Head of Iran's Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Gholam-Hossein Shafeyee announced that Iran plans to turn its Southeastern Chabahar Port into a trade hub in the near future
"Those investing in the area will have a secure and promising prospect," Shafeyee said in a meeting with Indian Ambassador to Tehran Shri Niraj Srivastava in the Iranian capital at the time.
Shafeyee pointed to Iran's emphasis on the rail transport system, and said, "The country plans to connect Mashhad rail road in the Northeastern Iran to the Western Afghan province of Herat and launch development projects in Sarakhs special economic zone in Northeastern Iran.
Srivastava, for his part, described Chabahar Port as a key location for the promotion of Iran-India trade, and said, "New Delhi seeks to participate in development of the area."
The diplomat said that India has allocated USD 300 million to invest in the development of Chabahar Port and the country plans to take part in development of rail roads from the area and shipping lines in the next steps.
GMT 14:02 2018 Sunday ,02 December
RDIF says $2 billion will be invested in Russian economy from joint Russian-Saudi fundGMT 12:03 2018 Friday ,30 November
Canada on track to sign new free trade deal with US and MexicoGMT 07:56 2018 Wednesday ,21 November
Merkel policies in focus in final debate on draft German budgetGMT 14:11 2018 Thursday ,08 November
Greek minister, Russian ambassador discuss possible investment projectsGMT 13:42 2018 Wednesday ,07 November
PM says Russian-Chinese trade turnover may reach $200 blnGMT 11:15 2018 Wednesday ,07 November
Top U.S. diplomat visits Pakistan to discuss economic cooperationGMT 13:53 2018 Thursday ,01 November
Alrosa to sell 127 large gem-quality rough diamonds at an auction in IsraelGMT 10:59 2018 Tuesday ,30 October
Trade turnover between Russia and Japan grows by over 17% in 2018Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor