India allocates $13.9 million for Chabahar Port development in Iran

[Kailash Kumar]

India allocates $13.9m for Chabahar Port development in Iran

3 FEBRUARY 2020

The Government of India has allocated Rs1bn ($13.9m) for the development of strategic Chabahar Port in southeast Iran.

Located on Iran’s coast along the Gulf of Oman, the port complex will provide an alternative trade route between India and Afghanistan.

It also offers India an alternative route to carry out trade activities between Afghanistan and India by passing Pakistan.

Compared with last year, the budget allocation for Chabahar has almost doubled from Rs450m ($6.27m).

According to the memorandum of understanding (MoU) signed by both countries in 2015, India agreed to build and operate two berths in the first phase of development at Chabahar Port and contribute a credit of $150m to Iran.

According to the Financial Tribune, only a portion of the berths was developed due to ‘deteriorating relations between the US and Iran after the election of US President Donald Trump in November 2016’.

Last month, the Government of India began commercial operations in parts of the Shahid Beheshti Port in Chabahar by taking over the terminal area, cargo handling equipment and the India Ports Global Chabahar Free Zone (IPGCFZ) office.

In November 2019, the US granted India an exemption from certain sanctions for the Chabahar Port development and for building a railway line to connect the port with Afghanistan.

The budget for the foreign ministry was slightly reduced to Rs173.7bn ($2.42bn) from Rs173.4bn ($2.41bn).

In addition, India also increased the budget for the coast guard facility development in Seychelles.

https://www.ship-technology.com/news/india-chabahar-port-development-iran/

 

[Pakistansdefender]

Peanuts. Why not spend like 2 or 3 billion dollars to develop it completely.

 

[hussain0216]

This and Tejas

Fcuking hell

 

[Pan-Islamic-Pakistan]

I will laugh when Taliban completely blocks all traffic from Afghanistan.

Pakistan should think about options to nullify this threat, which can produce further Kulbushans from Iran.

 

[Clutch]

Lol.. $13 million... For what?... India will supply peanuts for shipping???

 

[bafxet]

Relationship aren't based on religion, they are based on countes interest. If it wasn't Iran wouldn't have denied Investment from Pakistan's enemy no.1

 

[Malik Alpha]

Relationship aren't based on religion, they are based on countes interest. If it wasn't Iran wouldn't have denied Investment from Pakistan's enemy no.1

Exactly Irani mullahs would even suck Trumps cock in private if the world is not watching but on TV they will only bark against US. Look at the Inteqam sakht not even one American died so far.

 

[Sineva]

Relationship aren't based on religion, they are based on countes interest. If it wasn't Iran wouldn't have denied Investment from Pakistan's enemy no.1

Very true,and pakistan would`ve built its part of the ip pipeline rather than cut its own throat on us orders.

Peanuts. Why not spend like 2 or 3 billion dollars to develop it completely.

Well,sadly just like pakistan india also needs uncle sams permission to do things like this,after all as vassal states both must place their overlords interests over their own,because that is the price of vassalage.However india will probably be given that permission because of its value to the overlord whereas pakistan will basically be out of luck,that is also the price of vassalage sadly.

 

[ARMalik]

Indians, are you developing a port or a toilet block?