Indian companies keen to invest in Iran’s petrochemical hubs
Baku, Azerbaijan, June 21
By Fatih Karimov - Trend:
Indian companies are keen to invest in Iran's petrochemical hubs in the country's south-eastern port cities of Iranshahr and Chabahar.
Mohammad-Hossein Peivandi, Deputy Director of the National Iranian Petrochemical Industries Company, said due to the nearness of Iranshahr and Chabahar to the Indian and Chinese markets, transportation costs will decrease notably, Iran's IRNA news agency reported.
In February, Indian Ambassador to Tehran Shri D.P. Srivastava said an Indian private company is ready to establish a direct shipping link between Chabahar and Indian ports in order to bypass Dubai where Indian container ships have to cross to reach Iran, Press TV reported.
The Indian diplomat said the capital investment initially envisaged for the construction of a container terminal in Chabahar stands at $147 million.
Srivastava described Chabahar as a strategic port facilitating access to Central Asian states.
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.