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"Operationalising Chabahar will unlock trade ops with Central Asian countries"

Press Trust of India  |  New Delhi 

Operationalisation of the strategic port in will unlock trade opportunities with Central Asian countries like Turkmenistan, and Kazakhstan, Parliament was informed today.

"The location of the Port on the south-eastern coast of is expected to open up greater opportunities for promotion of trade and commerce, especially from the ports along India's western coast, with Iran, Afghanistan, and beyond," of State for Shipping Pon Radhakrishnan told Sabha in a written reply.

India's participation in the development of port will provide an alternative and reliable access route into This will also utilise India's earlier investment in Zaranj-Delaram road built in the latter and a reliable and more direct sea-road access route into region, the said.

"The Port will provide opportunity to trade with Central Asian countries like Turkmeistan, Uzbekistan, Kazakhstan, etc. The commencement of operation in port and implementation of Trilateral Transit Agreement will also greatly enhance India's accessibility to land-locked where is immensely contributing to its reconstruction and development," he said.

The said port has the potential to become a regional transit hub for and eastern Central Asian countries.

He said that it is expected that volume of trade will increase substantially on the commencement of operation at Shahid-Beheshti port.

The products that are expected to get boost for export include rice, finished metals, soyabean, seeds besides sugar, milk and among others, he said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 08 2018. 18:10 IST