Recent NewsIndian companies interested in project to develop Iranian port
India is keen to rapidly develop Iran’s Chabahar Port, a strategic facility that New Delhi hopes will help expand its trade with Afghanistan and energy-rich Central Asia by circumventing Pakistan.
During Prime Minister Narendra Modi’s visit to Iran in May 2016, a commercial contract on Chabahar Port was signed between India Ports Global Pte. Ltd., or IPGPL, and Iran’s Aria Banader, envisaging development and operation of two terminals and five berths with multipurpose cargo-handling capacities.
New Delhi has committed to invest $500 million in Chabahar’s first phase of development, which includes a $150 million credit facility to Iran through the Export-Import Bank of India. www.hellenicshipp...
(7 days ago, by arnekiel