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Home > All news > Economy, Port > India to earmark $1b for development of Iran’s Chabahar

India to earmark $1b for development of Iran’s Chabahar

June 7, 2024
Reading Time: 2 minutes
Iranian Foreign Minister Hossein Amirabdollahian discussing the Chabahar Port Deal with India.

Tehran - Implementation of the contract with India on developing Chabahar Port is the priority of the programs of the Ports and Maritime Organization, Ali Akbar Safaei said.

Negotiations were held with the Indian investors three months ago and signing the contract on the provision of the relevant parts and equipment at Chabahar Port is at the final stage, the deputy roads minister added.

Pointing to the launch of a joint shipping company between Iran and India, he noted that the Indian company has agreed to finance the development of Chabahar by allocating between $250 million . . .

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Disclaimer: This information has been collected through secondary research and Daily Shipping Times is not responsible for any errors in the same.

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