The Lease Contract
Agreement permitting the Indian Ports Global Limited IPGL to operate the Shahid
Behesht Port phase one for a specified period of time was signed with Iranian
Port and Maritime Organization during the recent visit of the Iranian President
Dr Hassan Rouhani to New Delhi
Minister Mr Narendra Modi and Dr Rouhani welcomed the lease contract. They
directed that the Coordination Council should meet within the timelines
stipulated in the Trilateral Agreement to take steps to operate the port.
sides recognized the unique role of Iran and India in promoting multimodal
connectivity within and across the region. The successful inauguration of the
Phase 1 of Chabahar Port in early December 2017; the ratification of the
Trilateral Agreement between India, Iran and Afghanistan on establishment of
International Transport and Transit Corridor by all sides; and the successful
shipment of wheat assistance from India to Afghanistan through Chabahar Port
have opened a new gateway to and from Afghanistan, Central Asia and beyond.
Both sides reiterated their commitment for
early and full operationalisation of Shahid Beheshti Port at Chabahar. The
Iranian side welcomed the investment of the Indian side in setting up plants in
sectors such as fertilisers, petrochemicals and metallurgy in Chabahar FTZ on
terms mutually beneficial to the concerned parties.
view to fully utilize the potential of Chabahar Port and its connectivity to
Afghanistan and Central Asia, India conveyed its readiness to support the
development of the Chabahar-Zahedan rail line. IRCON, India and CDTIC, Iran who
are engaged in discussions, were tasked to finalize the technical parameters
and financing options for the project in a time-bound manner. Both leaders
encouraged greater efforts for cooperation in the railway sector, including
supply of steel rails, turnouts and locomotives.
reiterated their commitment to the International North- South Transport
Corridor (INSTC) and stressed on the need for the inclusion of Chabahar within
its framework. It was noted that Iran will hold an early INSTC Coordination
Meeting in Tehran. India’s accession to the TIR Convention and Ashgabat
Agreement was welcomed as additional steps at enhancing regional connectivity
and linking regional centres of economic growth.
The two leaders released a joint postage stamp depicting Deendayal Port,
Kandla and Shahid Beheshti Terminal, Chabahar that reflected enhanced
prosperity through greater connectivity.
The Iranian side also
expressed its readiness to enhance the enabling environment to attract Indian
private/public sector investments in Chabahar FTZ. In this context, Iran will
organise a business promotion event with participation of countries from the
region and beyond, with the objective of showcasing the economic opportunities
offered by Chabahar Port according to an official communique .