If the full potential of the Chabahar is realised, it can not only become the gateway for Indian trade with Europe, Russia and CIS countries but also turn into one of the most important ports in the world in the near future…reports Asian Lite News
Iran has said that it is ready to sign a long-term contract with India on developing the Chabahar Port in order to realise its true potential in the coming years.
Iranian Minister of Roads and Urban Development Rostam Qasemi expressed Tehran’s intention during his meeting with visiting India’s Minister of Ports, Shipping, and Waterways Sarbananda Sonowal in Tehran, earlier this week.
Qasemi described India as an “important and big country” that can play an essential role in the transit of goods in the region. He also hoped that the relations between the two countries regarding investment in Chabahar Port will materialize.
Sonowal referred to the cultural, historical, and civilizational commonalities between Iran and India and reiterated the role played by Chabahar Port, India’s first overseas port project, as a trade multiplier as it can reduce the route, cost, and time of transporting goods in the region significantly.
He stated that the port’s growing potential as a swift, economical trade conduit between Central, South and South-East Asia, remains to be tapped fully.
If the full potential of the Chabahar is realised, said Sonowal, then it can not only become the gateway for Indian trade with Europe, Russia and CIS countries but also turn into one of the most important ports in the world in the near future.
During his three-day visit, Sonowal also visited Chabahar and met Iranian Vice President Mohammad Mokhber. The top Iranian politician mentioned that the commercial exchange and transit of the International North-South Transport Corridor (INSTC) in the region will increase significantly due to Chabahar.
Making it clear that Tehran supports implementing agreements and commercial relations with New Delhi, Mokhber particularly pointed that the volume of investments and commercial and economic exchanges between the two countries is not commensurate with the deep and long-term political relations.
Sonowal told Mokhber that New Delhi is committed to expanding bilateral relations with Iran and will always stand by the country as it has done throughout history.
A Memorandum of Understanding (MoU) on recognition of Certificates of Competency in Unlimited Voyages aimed at smoothening the movement of seafarers from both countries was also signed during Sonowal’s visit.
India Ports Global Limited (IPGL), through its wholly-owned subsidiary India Ports Global Chabahar Free Zone (IPGCFZ), took over the operations of the Chabahar Port on December 24, 2018.
Since then, the Shahid Beheshti Port has handled over 4.8 million tons of bulk cargo and continues to act as a catalyst to unlock the huge trade potential in the region by handling shipments and trans-shipments from various countries including Russia, Brazil, Thailand, Germany, Ukraine, Oman, Romania, Bangladesh, Australia, Kuwait, Uzbekistan, and UAE.
India has also supplied six Mobile Habour Cranes (two with 140-tonne and four having 100-tonne capacity) and other equipment worth USD 25 million.
The port has also provided the much-needed sea access to landlocked Afghanistan with India supplying 75,000 tonnes of wheat to Kabul as part of the humanitarian assistance programme, three years ago.
Last month, India’s Foreign Secretary Vinay Kwatra spoke to Iran’s Deputy Foreign Minister for Political Affairs Ali Bagheri Kani and discussed various bilateral issues, according to a Ministry of External Affairs statement.
“The two sides discussed various elements of bilateral relations, including progress on the Chabahar Port. The Foreign Secretary underscored India’s commitment to strengthen bilateral cooperation with Iran in addressing shared opportunities and challenges. Both sides also discussed international and regional issues including Afghanistan,” the statement said.
The discussion comes soon after Iranian Foreign Minister Hossein Amir-Abdollahian visited India in June and met his Indian counterpart S. Jaishankar. He also paid a courtesy call on Prime Minister Narendra Modi.
“Was happy to receive Foreign Minister Hossein Amir Abdollahian for a useful discussion on further development of Centuries-old civilizational links between India and Iran. Our relations have mutually benefited both the countries and have promoted regional security and prosperity,” the Prime Minister tweeted after the meeting.