will hand over the strategic Chabahar port to Indian company within a month for
operation as per an interim pact, Iranian Minister of Roads and Urban
Development Abbas Akhoundi said Thursday 6 September 2018.
is in India to participate in the Mobility Summit by Niti Aaayog on the invitation
of India government.
we are ready just to handover the port (Chabahar) to the Indian company just to
operate this in interim agreement that already we had with Indian part for one
and a half year,” Akhoundi told PTI here.
Chabahar port in the Sistan-Balochistan province in the energy-rich nation’s
southern coast is easily accessible from India’s western coast and is
increasingly seen as a counter to Pakistan’s Gwadar Port located at distance of
around 80 kms from Chabahar.
after a meeting with his Indian counterpart Road Transport and Highways
Minister Nitin Gadkari said: “We have already moved one
step forward…We should introduce a banking channel to India, which we already
did it and fortunately has been formally accepted by the Indian side”.
said the India has also introduced a banking channel, which has been approved
by Iran’s Central Bank.
side had investment in Chabahar port and we are moving towards utilisation of
the Chabahar port,” Akhoundi said, adding that the handing over of the port
should be done “during one month. We have done everything”.
first phase of the Chabahar port was inaugurated in December 2017 by Iranian
President Hassan Rouhani, opening a new strategic route connecting Iran, India
and Afghanistan bypassing Pakistan.
Chabahar port is being considered as a gateway to golden opportunities for
trade by India, Iran and Afghanistan with central Asian countries, besides
ramping up trade among the three countries in the wake of Pakistan denying
transit access to New Delhi.
routes of the region should be connected on land, sea and air,” Rouhani had
said at the inauguration ceremony.
the agreement signed between India and Iran earlier, India is to equip and
operate two berths in Chabahar Port Phase-I with capital investment of USD
85.21 million and annual revenue expenditure of USD 22.95 million on a 10-year
sanctions impacting oil trade, the visiting minister said that both the
countries “will find out some way out to carry on their relationship as we hear
from the Indian part that they are already committed to buy the crude oil and
we are also committed to continue our trade relationship with India and buy
rice and other food material and also industrial material from the Indian side.”
US has made the trade between the two countries ‘uneasy but I would like to
emphasise that this is not something that US can halt and stop this
relationship between two sides,” Akhoundi added.
said Iran welcomes Indian firms developing the giant Farzad-B gas field in the
Persian Gulf nation. “Indian side is very keen to invest there. We are still to
receive the project proposal,” he said.
his meeting with Gadkari, the Iranian Minister said: “We reviewed the formal
statement which was released by Prime Minister Modi during visit of Mr Ruhani
to India. That statement is very very strong which shows that … we have very
said the thing that was emphasised in the meeting was that India is very
committed to all the agreements that India has signed.