Overseeing development of Chabahar port: President Rouhani

Image
ANI New Delhi [India]
Last Updated : Feb 17 2018 | 5:15 PM IST

President Hassan Rouhani on Friday said that Iran was overseeing the development of the Chabahar Port in Iran and had allowed India access to the strategic port.

President Rouhani also reiterated that Iran wanted to develop the railway infrastructure in Chabahar, which will link the Iranian port city with Afghanistan with India's help.

He added that the upcoming railway line will boost the economies of both countries and facilitate smooth travel of passengers and goods. It will open the transit route for India to Iran, Afghanistan, Central Asian countries as well as Europe.

"We share views on two crucial issues - transit and economy. We want to develop railway relations between the two countries The Chabahar railway line will be an economic boon for both the countries. We are seeing the development of Chabahar Port," the Iran President said.

President Rouhani added that he held a substantive and productive discussion on cooperation in trade and investment, energy, connectivity, defence, agriculture, industry, security and regional issues with Prime Minister Modi.

Commenting on the recent terrorist attacks in Afghanistan, President Rouhani asserted that India and Iran were against terrorism and steps were being taken to eliminate terrorism not only in South Asia but also in Iran and the Middle East.

Before the joint statement by President Rouhani and Prime Minister Modi, the Indian and Iranian delegations exchanged the Memoranda of Understanding (MoU) signed by the two sides.

Prime Minister Modi and President Rouhani issued a joint postal stamp as well.

The Chabahar Port is located in southeastern Iran, on the Gulf of Oman. It serves as Iran's only oceanic port. The port is intended to provide an alternative route for trade between India and Afghanistan.

In October last year, India sent its first shipment of wheat to Afghanistan through the Chabahar Port.

India and Iran are will jointly built a 900-km Chabahar-Zahedan-Hajigak railway line, which will connect with Chabahar Port to the mineral-rich Hajigak region of Afghanistan.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 17 2018 | 5:15 PM IST

Next Story