India to invest over $200M to buy equipment for using in Iran's Chabahar port
BAKU, Azerbaijan, Dec. 30
By Elnur Baghishov - Trend:
India will allocate $235 million to purchase equipment for loading and unloading operations at Chabahar port in Iran’s south-eastern Sistan and Baluchestan province, Mohammad Ali Asl Saidipour, Director General of Contracts and Market Development Department of the Iranian Ports and Maritime Organization, said, Trend reports referring to the organization’s website.
“This equipment is used in loading and unloading operations, container transportation and other spheres,” Saidipour added.
The director general of the department added that presently, 20-25 containers are loaded and unloaded in the port per hour.
"After the installation of the equipment, up to 30 containers will be loaded and unloaded," Saidipour said.
“The duty rates for the goods which are transported by the Indian ports through Chabahar port decreased by 40 percent and the duty rates will be reduced again in line with the agreement between Iran and India,” Saidipour added.
“Many countries are interested in investing in Chabahar port,” the director general of the department said. “But these countries do not want to be disclosed.”
Presently, Indian Ports Global Limited (IPGL) is an operator company of Chabahar port.