Iran plans to turn its southeastern Chabahar Port into a trade hub in the near future, an Iranian official says.
At a meeting with Indian Ambassador to Tehran Shri Niraj Srivastava, Head of Iran's Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Gholam Hossein Shafe'ee pointed to Iran’s development plans for Chabahar Port and said those investing in the area will have a secure and promising prospect, Press TV reports.
Shafe'ee pointed to Iran’s emphasis on the rail transport system, adding that the country plans to connect Mashhad rail road in northeastern Iran to the western Afghan province of Herat and launch development projects in Sarakhs special economic zone in northeastern Iran.
Srivastava, for his part, described Chabahar Port as a key location for the promotion of Iran-India trade and said New Delhi seeks to participate in development of the area.
The diplomat said that India has allocated USD 300 million to invest in development of Chabahar Port and the country plans to take part in development of rail roads from the area and shipping lines in the next steps.
Iran’s Chabahar Port, located 72 kilometers (44 miles) west of Pakistan’s Gwadar port, holds immense strategic and economic significance for India.
The port is already connected to the city of Zaranj in Afghanistan’s southwestern province of Nimruz and can serve as India’s entry point to Afghanistan, Central Asia and beyond.