India to Invest in Chabahar Port

Ministry of Shipping , Road Transport and Highways stated: in order to create a connection between Kandla Port and Chabahar Pot , India is fully prepared and willingness to a 20-Billlion-Dollars investment in Chabahar Port .

News ID: 64430

Date: 14 April 2016 - 11:49

According to MANA, Nitin Gadkari remarked: the construction of joint ports between Iran-India will be performed with the aim of enhancing trade and commercial exchanges as well as Maritime cooperation.
With reference to the significance of the development of Chabahar Port in expanding Iran-India relationship, he further stated: New Delhi is interested in expanding Chabahar Port and its connection to Kandla Port
Ministry of Shipping, Road Transport and Highways asserted: connection between Chabahar Port and Kandla Port will leave positive effect on India. Expanding Chabahar Port, he added, will pave the way for India to have an easy access to Afghanistan, Middle East and Russia.
India's Oil and Natural Gas Secretary trip to Iran will give rise to the development of Chabahar Port, promotion road transportation, and establishment of Petrochemical Complex, Gadkari added.
Ministry of Shipping , Road Transport and Highways remarked: in the recent meeting of Africa Leaders Summit, the India ministry expressed his interest in constructing Road and Port in Africa countries.
In order to expanding infrastructures and joint cooperation, an agreement has been signed between India with Bangladesh, Butan, India and Nepal has been signed.