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Home > All news > News Archive > BEIJING: COSCO Shipping Holdings said recently that it would raise 12.9 billion yuan ($2 billion) through a share sale to build new ships as it return

BEIJING: COSCO Shipping Holdings said recently that it would raise 12.9 billion yuan ($2 billion) through a share sale to build new ships as it return

October 31, 2017
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NEW DELHI : The External Affairs Minister Smt. Sushma Swaraj and Foreign Minister of the Islamic Republic of Afghanistan H.E. Salahuddin Rabbani, through a joint video conference, flagged off the first shipment of wheat from Deendayal Port in Gujarat to Afghanistan that would be transhipped through the Chabahar Port in Iran in a ceremony on 29 October 2017.
 
The shipment is part of commitment made by the Government of India to supply 1.1 million tonnes of wheat for the people of Afghanistan on grant basis.
 
The two Foreign Ministers welcomed the fact that this is the first shipment that would be going to Afghanistan through the Chabahar Port after Trilateral Agreement on Establishment of International Transport and Transit Corridor was signed during the visit of the Prime Minister of India to Iran in May 2016.
 
Six more wheat shipments will be sent to Afghanistan over the next few months. They also reaffirmed their commitment to continue their cooperation for the benefit and prosperity of the people of Afghanistan and the region.
 
The shipment of wheat is a landmark moment as it will pave the way for operationalisation of the Chabahar Port as an alternate, reliable and robust connectivity for Afghanistan. It will open up new opportunities for trade and transit from and to Afghanistan and enhance trade and commerce between the three countries and the wider region.
 
External Affairs Minister of India reiterated India’s continued commitment to support reconstruction, capacity building and socio-economic development of Afghanistan, including under the framework of the New Development Partnership that she had jointly announced with Foreign Minister Rabbani last month during the meeting of India-Afghanistan Strategic Partnership Council. She also renewed commitment to work closely with regional and international partners to bring peace, security, stability and prosperity in Afghanistan.
 
 
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