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India to invest more in Iran's Chabahar port

Business Materials 4 September 2019 14:35 (UTC +04:00)

Tehran, Iran, Sept.4
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India's ambassador in Iran has indicated his country will make more investment in Chabahar Port, considering the possibility of cooperation between Iran automakers and Tata Motors.

"From India's government point of view, we are very inclined to increase investment in this region [Chabahar Free Zone] and seek resolutions to follow the case and explore more opportunities offered by Iran," said Gaddam Dharmendra, Trend reports citing ILNA.

"I have recently visited Chabahar and held meetings with officials of Iran's Ports and Maritime Organization officials and Chabahar Free Zone; I also got acquainted with construction and development projects at this port," he added.

"Chabahar Port is expected to connect India to other countries, connect Afghanistan to India via Iran's transit route and create access to Central Asia. Chabahar Port was put into operations last December by an Indian company and port's traffic is gradually increasing," he noted.

"Currently, most of discharged cargoes in Chabahar are being transported to Afghanistan. Considering Chabahar Port's infrastructures, I am confident the port will reach targets outlined by Mr Rouhani and Mr Modi and Chabahar will be a symbol of bilateral ties," he said.

The Indian envoy has emphasized that his country is reviewing possible cooperation with Iran's auto industry.

"India's auto industry is strong and has a future, but as you know, this industry belongs to a private sector, so they will choose their partners themselves, while the government has no role in this field," he said responding to discussions over cooperation between Tata Motors and Iran's automakers.

"Supporting cooperation with Iran's auto industry is a decision that should be made by officials in the industry. At the moment, I am not aware if there was a request to cooperate in auto industry, but if we are consulted, the suggestions will be reviewed with a positive approach," he noted.

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