News ID: 130596
Published: 0720 GMT November 09, 2015

'Indian firms will definitely take part in Chabahar projects'

'Indian firms will definitely take part in Chabahar projects'

With India looking to invest 1,000 billion rupees at Chabahar Special Economic Zone in Iran, the Indian envoy to Tehran toured the strategically important port on Sunday and said Indian firms will definitely take part in projects there.

Chabahar port is crucial as it will give India sea-land access to Afghanistan bypassing Pakistan. The port enjoys many remarkable capacities and serves as a point which links the two governments of Iran and India, Indian Ambassador to Iran Saurabh Kumar said during his tour of the port, PTI reported.

India is ready to invest 2,000 billion rupees at Chabahar SEZ but investments would depend on gas prices, said Transport and Shipping Minister Nitin Gadkari last month.

The Indian ambassador also inspected the development project of a jetty at Chabahar port, according to IRNA.

He said India is seeking investments in the second phase of the jetty.

He referred to a recent agreement between Iran, India and Afghanistan on transit cooperation and said the second meeting is to be held in New Delhi soon.

According to a local official, once implemented, the jetty development project will raise the operational capacity of the port to 86 million tons.

India had earlier this year inked a pact with Iran on the development of the port.

Access to Afghanistan's Garland Highway can be facilitated from Chahbahar port using Iranian road network and the Zaranj-Delaram road.

This would establish road access to four of the major cities of Afghanistan — Herat, Kandahar, Kabul and Mazar-e-Sharif.

The port will be also used to ship crude oil and urea, saving India transportation costs. It would cut transport costs and freight time for India to Central Asia and the Persian Gulf by about a third.

   
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