Insta
Indian Firm To Take Over Chabahar Operations From Iran Within A Month
Chabahar Port in Iran
As per an interim pact, Iran will handover the strategic Chabahar port to an Indian firm within a month for operation, Iranian Minister of Roads and Urban Development, Abbas Akhoundi, said on Thursday (6 September), reports NDTV.
“Now, we are ready to handover the port (Chabahar) to the Indian company, " Akhoundi told PTI while attending the Mobility Summit by NITI Aaayog on the government's invitation.
After a meeting with Minister of Road Transport & Highways, Nitin Gadkari, he said, "We have already moved one step forward. We should introduce a banking channel to India, which we have already done, which, fortunately, has been formally accepted by the Indian side”.
"The Indian side has investments in Chabahar port and we are moving towards utilisation of the facility," Akhoundi said, adding that the handing over of the port should be done "during one month. We have done everything".
The Chabahar port is easily accessible from India's western coast and is increasingly seen as a counter to Pakistan's Gwadar Port located at distance of around 80 km from Chabahar.
The Chabahar port is being considered as a gateway to golden opportunities for trade, by India, Iran and Afghanistan, with central Asian countries, besides ramping up trade among the three countries in the wake of Pakistan denying transit access to New Delhi.
Akhoundi also said that Iran welcomes Indian firms developing the giant Farzad-B gas field in the Persian Gulf nation. "The Indian side is very keen to invest there. We are still to receive the project proposal," he said.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest
