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India Pledges $100 Million for Iran's Chabahar Port Development!

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  1. Chanakya's_Chant

    Chanakya's_Chant SENIOR MEMBER

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    'India pledges $100m for Chabahar port’

    PRESS TRUST OF INDIA
    Hyderabad, 31 August

    [​IMG]

    India has earmarked $100 million for upgradation of Chabahar port in Iran so as to improve trade with Afghanistan and other Central Asian countries, Afghan envoy to India Shaida Mohammad Abdali has said.

    “Ultimately the port connects the Central Asia with South Asia. And we have in-principle agreed to the plan. The draft has been circulated, and India has already pledged $100 million for upgrading the port,” Mr Abdali said. “The money has been pledged by the Indian government, and we are simply waiting for the technical committee to address some of the legal issues,” he said during his recent visit here.

    While Afghanistan is allowed to export to India through Pakistan, India is not allowed to export to Afghanistan through Pakistan. Mr Abdali said that because of the problems related to ports in Pakistan, India and Afghanistan decided to use the Chabahar port for import and export of goods.

    “So we worked with the Indian government and all the three parties agreed that the Chabahar port will be upgraded and the two countries (India and Afghanistan) can operate and also do business with Iran,” Mr Abdali said.

    Currently, the bilateral trade between India and Afghanistan is pegged at over $600 million.

    Source:- The Statesman: ‘India pledges $100m for Chabahar port’