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  • 04-05-23

    Iran-India Long-Term Agreement on Chabahar Port Operations in Final Drafting Stages

    (MENAFN) During a press conference, Ali Fathi, the deputy head of Ports and Maritime Organization (PMO) for engineering and infrastructure development, announced that a long-term agreement between Iran and India for operating the southeastern Chabahar port is in the final stages of drafting. The move for this agreement comes at a time when China has also been showing a growing interest in investing in ports and other coastal infrastructure in Iran.

    The Chabahar port is a strategic port in Iran's southeastern province of Sistan-Baluchestan. It has been developed to provide an alternative trade route for landlocked Afghanistan and Central Asian countries, bypassing Pakistan. India has been investing heavily in the development of the Chabahar port as it seeks to counter China's growing influence in the region.

    According to Fathi, PMO is ready to cooperate with foreign companies from all over the world, including the countries in the Persian Gulf region. The organization is open to collaboration with various foreign entities in the development of its ports and maritime infrastructure.

    The long-term agreement between Iran and India on operating heavy loading and unloading equipment at Chabahar port is expected to boost economic ties between the two countries. The development of the Chabahar port is crucial for India's connectivity with Afghanistan and Central Asia, as it will provide a sea-land access route for Indian goods to these regions.

    The final stages of drafting the agreement with India come at a time when China has been showing a growing interest in investing in ports and other coastal infrastructure in Iran. The Chinese government has been investing heavily in the development of the Gwadar port in Pakistan, which is situated near the Chabahar port. This has raised concerns in India, as the Gwadar port provides China with strategic access to the Arabian Sea and the Indian Ocean.

    In conclusion, the long-term agreement between Iran and India for operating the Chabahar port is in the final stages of drafting, which is expected to boost economic ties between the two countries. The PMO is open to collaboration with foreign companies from all over the world, including those in the Persian Gulf region. The development of the Chabahar port is crucial for India's connectivity with Afghanistan and Central Asia, while China's growing interest in investing in ports and other coastal infrastructure in Iran has raised concerns in India.

    MENAFN04052023000045014228ID1106172113

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