India, Iran assess development of Chabahar port project

Image
IANS Tehran
Last Updated : Aug 06 2017 | 7:48 PM IST

India and Iran assessed progress in implementation of joint projects, including development of the Chabahar Port, as Road Transport, Highway and Shipping Minister Nitin Gadkari visited Iran.

The minister was in Iran on a two-day visit from Saturday, to attend the inauguration of the Hassan Rouhani in his second tenure as Iran's President.

An official statement said Gadkari interacted with President Rouhani, called on the First Vice President Eshaq Jahangiri and held detailed exchange of views with Minister of Roads and Urban Development Abbas Akhoundi.

Both sides, in a series of meetings, reviewed and assessed the progress in implementation of the decisions taken during Prime Minister Narendra Modi's visit to Iran last year, including the progress in the development of Chabahar Port, a statement said.

"Both sides reiterated their commitment to complete and operationalise the Port at the earliest that would contribute to bilateral and regional trade and economic development and also provide alternate access to landlocked Afghanistan to regional and global markets," the statement said.

Gadkari also handed over to Rouhani as letter from Modi felicitating him and inviting him to visit India.

Chabahar port is located in the southeastern Sistan-Balochistan province, on the Gulf of Oman.

In May 2016, India and Iran signed a bilateral agreement in which India would refurbish one of the berths at Shahid Beheshti port, and reconstruct a 600 meter long container handling facility at the port

The port, intended to provide an alternative for trade between India and Afghanistan, is 800 km closer to Afghanistan than Pakistan's Karachi.

--IANS

ao/vd

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: Aug 06 2017 | 7:40 PM IST

Next Story