India allocates $100 mln for Iran's Chabahar port development

Photo: India allocates $100 mln for Iran's Chabahar port development / Iran

Baku, Azerbaijan, September 1

By Umid Niayesh - Trend:

India has allocated $100 million for development of Chabahar port in Iran, to improve trade with Afghanistan and other Central Asian countries, Afghan envoy to India Shaida Mohammad Abdali said.

"Ultimately the port connects the Central Asia with south Asia, and we have in-principle agreed," Abdali said, Indian PTI news agency reported Aug. 31.

"The draft has been circulated, and India has already pledged $100 million for upgrading the port," he added.

India's state-run Jawaharlal Nehru Port Trust sent an expert team to Iran last December to accelerate work on Chabahar Port with a view to facilitating New Delhi's access to Afghanistan and Central Asia.

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.

Follow us on Twitter @TRENDNewsAgency