Caspian Energy Journal Caspian European Club
Wednesday, 27 February 2019 17:00

India to fast-track Chabahar Port investment

India to fast-track Chabahar Port investment

“India will accelerate investment projects in Iran’s oceanic port of Chabahar”, Indian Shipping Secretary Gopal Krishna told politicians and business delegates from dozens of countries that participated in a big ceremony to celebrate the Chabahar Day, Caspian Energy News ( reports with reference to IRNA.

Iran has organized the event in a bid to showcase the port’s capabilities and woo foreign investors given that the US President Donald Trump’s Administration refused to sanction the port, the first phase of which is being developed by India under a 10-year lease.

“Under a trilateral agreement between Iran, Afghanistan and India, New Delhi is committed to equip and develop the Chabahar Port,” he added.

Gopal Krishna also called on Central Asian and the Caucasus states to invest in the Iranian port that is located in the south-eastern Sistan and Baluchestan Province on the Sea of Oman, the gateway to the Indian Ocean. New Delhi eyes to expand its export markets to Central Asia.

The Indian shipping ministry secretary highlighted that railways that connect Chabahar to Zahedan, the provincial capital of Sistan and Baluchestan, will ease and facilitate trade between regional countries and Central Asia nations.

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Person in charge of the newsline: Olga Nagiyeva 

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