Search Result for : Chabahar

The Dollar Business Bureau The strategic Chabahar port agreement between India, Iran and Afghanistan is not over yet and China and Pakistan are welcome to become a part of it, said Iranian envoy to Pakistan. The trilateral agreement between the Islamic Republic of Iran, India and Afghanistan on the strategically important Chabahar port is ‘not finished’ yet and is “not limited to the three countries”, said Mehdi Honerdoost, Iranian Envoy to Pakistan, while speaking to Dawn newspaper, on Pakistan-Iran relations. The Ambassador said that the offer for cooperation had been first made to Pakistan and after that to China, and implied none of them had shown interest. Both are sister ports, and authorities at Chabahar port would extend a hand of cooperation to Gwadar ...

PTI  India will invest billions of dollars in setting up industries -- ranging from aluminum smelter to urea plants -- in Iran's Chabahar free trade zone after it signed a pact to operate a strategic port on the Persian Gulf nation's southern coast. The inking of commercial contract to build and run the strategic port of Chabahar will help India gain a foothold in Iran and win access to Afghanistan, Russia and Europe, thus circumventing Pakistan, Road Transport, Highways and Shipping Minister Nitin Gadkari said. "The distance between Kandla and the Chabahar port is less than the distance between New Delhi and Mumbai, and so what this agreement does is to enable us quick movement of goods first to Iran and ...

The Dollar Business Bureau A joint collaboration between the Iranian and Indian private companies and, India Ports Global Pvt Ltd could establish a company to develop the Chabahar port situated in the Sistan-Baluchistan Province of south Iran. Prime Minister Narendra Modi is likely to sign the deal with Iran this month during his next visit. With the culmination of the project, a better access via the sea-land route to Afghanistan through Iran will be possible. According to a source from the Ministry of Shipping, India Ports Global is likely to have an SPV (special purpose vehicle) to operate Chabahar port under Iranian rules. The company is yet to fix the equity shareholding pattern to operate the SPV. However, the spokesman said there ...

Sai Nikesh | The Dollar Business The Iranian Trade Promotion Organization (ITPO) expressed its willingness to sign preferential trade agreement with India in a move to promote bilateral trade between the two countries. According to an official report of the Islamic Republic News Agency of Iran, the Head of Trade Promotion Organization of Iran, Valiollah Afkhami Rad said that ‘signing of preferential agreement with India will result in promotion of trade between the two countries’. The Iranian official was quoted to have made these statements during his meet with the Indian Deputy Minister of Industrial Affairs, Rajani Ranjan Rashmi on Saturday. Expressing dissatisfaction over existing volume of trade between the two countries, the Iranian official emphasized on the need for maintaining and ...