Sunday, January 17, 2021

India-Iran Organises Interconnection Forum To Celebrate ‘Chabahar Day’

India and  Iran will observe ‘Chabahar Day’ at the strategic port located in Iran and administered by India. India-Iran event is scheduled for February 26 will also put on display business perspectives related to the port and its dissimilarities with its equivalent Gwadar Port. 

India Starts Clearing Massive Oil Debts of Iran After UCO Bank Hiccups

A top Indian executive will manage a high-level committee consisting of business delegates from Afghanistan, Central Asia, and Russia. Iran will deliver a report on the benefits associated with the Chabhar port to the delegates in the meeting. “Iran is looking at this event as an opportunity for businessmen, traders, freight companies, and national and international liners from various countries,” said an Iranian official.

The main aim of Iran is to ensure that large international shipping companies are able to enter the port which will serve as a link between India and Afghanistan along with Eurasia. The port started operating after the transit root was developed in Kabul under tripartite agreement. In December 2018, India Ports Global Limited started an office in the port.

Last year, India, Iran, and Afghanistan collectively introduced the India Ports Global Chabahar Free Zone (IPGCFZ) in the port. The IPGCFZ commercial operations started with the appearance of a Cyprus shipper with 72,458 MT of corn.

India is also working on Chabahar-Zahedan railway link which will link Afghanistan’s Zaranj to Delaram road. Iran’s Chabhar port is part of India’s Indo-Pacific policy.

More News at EurAsian Times

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