News ID: 236744
Published: 0416 GMT January 01, 2019

Iran, India discuss Chabahar port development

Iran, India discuss Chabahar port development

Iran urged New Delhi to speed up operations to increase the number of companies in Chabahar port in the southeastern province of Sistan-Baluchestan.

Managing Director of Ports and Maritime Organization of Iran Mohammad Rastad said in a Tuesday meeting with India's Ambassador to Iran Saurabh Kumar that Iran has been complying with all the commitments as stipulated in the agreement on developing the port of Chabahar, IRNA reported.

He hope that with the continuation of the project by Indian operators, appropriate conditions will be created to receive shipping companies in Chabahar port.

Rastad pointed to successful holding of the first meeting of Chabahar Agreement Follow-Up Committee, and the official start-up of Indian IPGL Company, as the operator of Chabahar port.

"One of the goals of the Indian company is to improve marketing, product acquisition, and cargo traffic in Chabahar Port," he added.

Referring to the international conference of Chabahar Day, scheduled to be held on February 26 with the participation of all relevant groups involved in port activities, Rastad described the conference as an important event ahead.

Last Tuesday, representatives from Iran, India and Afghanistan signed a memorandum of understanding (MoU) in Chabahar where they had convened to hold the first follow-up committee on trilateral agreement of the city's oceanic port.

Earlier on October 12, senior Iranian and Indian trade officials held a meeting in New Delhi to review ways to bolster bilateral relations, especially in the development of Chabahar port.

During the meeting in the Indian capital, Rastad and senior officials from India's Ministry of Shipping and Ports Association explored avenues for reinvigorating mutual cooperation, in particular the development of Chabahar port.

During the meeting, the two sides discussed the development of Chabahar port as well as the time and conditions of implementing the main contract.

The Indian company, IPGL, has been tasked with administering and running the terminal of the first phase of 'Beheshti wharf' at Chabahar port as a mere operator.

Supplying the equipment for development of the port by the Indian company was also discussed in the meeting.

Rastad visited Jawaharlal Nehru Port (JNPT Port), a strategic Indian trade hub, and conferred with related officials on boosting ties between the JNPT Port and Chabahar port.

Chabahar is the closest and best access point of Iran to the Indian Ocean. In May 2016, Iran and India signed a deal to equip and operate containers and multi-purpose terminals at Shahid Beheshti port in Chabahar with a capital investment of $85.21 million and annual expenditure of $22.95 million on a 10-year lease.

   
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