sree45
FULL MEMBER
- Joined
- Feb 28, 2013
- Messages
- 1,731
- Reaction score
- 1
- Country
- Location
It was in October when Indian Prime Minister Narendra Modi along with his cabinet took the crucial decision to make the investment in Iran's Chabahar port. The Indian government has fast tracked the project and has now finalized its plans. The new company will be named Indian Ports Global.
The Jawaharlal Nehru Port Trust in Mumbai will have 60 percent equity while the Kandla Port Trust in the western state of Gujarat will hold the rest. The cash surplus ports will infuse that capital that will be used to facilitate trade activities of the container and the multi cargo terminals as planned in a phased manner. It will enable India to send and receive trade items from Chabahar to Afghanistan’s Zaranj and to Central Asia. Back in 2012, India received 20 containers of dry fruits from Afghanistan via this route. It transported over 100000 tones of wheat as part of its humanitarian aid to that country. Under a pact Iran allows Afghanistan to use the Iranian port of Chabahar for transition, while India is not allowed transit facilities via the land route by Pakistan. China's growing influence in the region and offer of investment in Iran’s Chabahar port had made New Delhi anxious. At the same time, China is developing the port of Gwadar in Pakistan, amid long-running tensions between New Delhi and Islamabad over a number of issues. This will be India's first foreign port project and according to officials once the memorandum of understanding is signed with Iran early next year, India is expected to hasten its construction plans.
PressTV - India finalizes plans for investment in Iran’s port
The Jawaharlal Nehru Port Trust in Mumbai will have 60 percent equity while the Kandla Port Trust in the western state of Gujarat will hold the rest. The cash surplus ports will infuse that capital that will be used to facilitate trade activities of the container and the multi cargo terminals as planned in a phased manner. It will enable India to send and receive trade items from Chabahar to Afghanistan’s Zaranj and to Central Asia. Back in 2012, India received 20 containers of dry fruits from Afghanistan via this route. It transported over 100000 tones of wheat as part of its humanitarian aid to that country. Under a pact Iran allows Afghanistan to use the Iranian port of Chabahar for transition, while India is not allowed transit facilities via the land route by Pakistan. China's growing influence in the region and offer of investment in Iran’s Chabahar port had made New Delhi anxious. At the same time, China is developing the port of Gwadar in Pakistan, amid long-running tensions between New Delhi and Islamabad over a number of issues. This will be India's first foreign port project and according to officials once the memorandum of understanding is signed with Iran early next year, India is expected to hasten its construction plans.
PressTV - India finalizes plans for investment in Iran’s port
