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News ID: 7482
Iran » Iran
Publish Date: 19:47 - 29 January 2017
India is willing to make investment in Chabahar Port, southern Iran, said Indian Envoy to Iran Saurabh Kumar.
India keen to invest in Iran’s Chabahar Port"India is willing to invest in Iran. Chabahar is one of its sites it is keen to invest in it. Good talks have been held so far for investing in this district,” he said.

The Indian official added the volume of Iran-India trade exchanges hit $10 billion. "We are trying to increase the figure to $20 billion.”

India enjoys commercial exchanges with most of countries, but Tehran is of considerable importance for New Delhi, he said, adding the two sides are after boosting bilateral ties in economic and cultural fields.

"Exchanging raw material is not our only priority. We are trying to include various sectors, such as agriculture in our exchanges.”

Earlier in December, Chairman of Iran's Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Gholam-Hossein Shafeyee underlined that Tehran and New Delhi are resolved to boost the level of their trade balance to $30 billion in mid-term.

"The current level of trade between the two countries is not satisfactory," Shafeyee said, addressing Iran-India Business Roundtable in New Delhi.

The senior trade official reiterated that Iran has vast energy reserves which can help the country to become a reliable partner for India.

Shafeyee, meantime, said that establishment of an industrial park in the Southeastern Iranian port city of Chabahar will be an effective step towards trade development in Iran-India relations.

India is willing to gain access to Afghanistan and Central Asian Countries via Chabahar Port.
Last May, Tehran, New Delhi and Afghanistan signed an epoch-making agreement in Tehran to establish a transit and transportation corridor.

The agreement known as Chabahar Trilateral Agreement was signed by the three countries' officials in the presence of Iranian President Hassan Rouhani, his Afghan counterpart Mohammad Ashraf Ghani and Indian Prime Minister Narendra Modi in Tehran.

The trilateral Chabahar agreement will considerably increase making use of Chabahar port that will connect India to Central Asia through Afghanistan and instead will provide Afghanistan's access to India via sea.

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