Chabahar port deal to grant India economic access to Russia

May 14, 2015 10:48 am Published by

The Iranian analyst and Vice-President of the Iran and Eurasia Research Center (IRAS), Mr Mandana Tishyar, has said that the recently signed Chabahar port deal between India and Iran would facilitate it becoming a hub of economic activity and would grant India economic access to Russia, Central Asia and Afghanistan.

The agreement, which was signed after detailed talks between the Transport, Highways and Shipping Minister, Mr Nitin Gadkari, and the Iranian Minister of Transport and Urban Development, Mr Abbas Ahmad Akhoundi, allows India to comprehensively develop the Iranian port.

“This memorandum was signed by the two countries’ governments and not individual companies, so this project will be completed. The design and development of this port are not in the list of entities which fall under Western sanctions,” Mr Tishyar said.

“The Chabahar port development could really help our countries strengthen and develop a strategic trade partnership,” he added.

Chabahar, India’s first foreign port project, is located on the meeting point of the Indian Ocean and the Sea of Oman.

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