Indian gov't to Spend USD 21Million on Chabahar port

India's government was announced to have set aside USD21 million in this year's budget as expenditure for the Iranian southeastern port of Chabahar growth.
Indian gov't to Spend USD 21Million on Chabahar port

“For Chabahar port, New Delhi’s key connectivity plan with Afghanistan and central Asia remained unchanged from the previous year at Rs 150 crore”, the report read.

India's government was announced to have set aside USD21 million in this year's budget as expenditure for the Iranian southeastern port of Chabahar growth.

In October 2018, Iran, India and Afghanistan inked an agreement on transit of goods via Chabahar. 

The agreement was signed in Tehran during the first meeting of coordination council of agreement on the establishment of an international transport and transit corridor among Iran, India and Afghanistan (Chabahar Agreement).

These three countries had signed a trilateral transit agreement in Tehran in May 2016, which allows them open new routes to connect among themselves via converting Chabahar Port into a transit hub bypassing Pakistan.

Feb 5, 2019 12:16
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