India and Armenia discussed the possibility of using Iran’s Chabahar port to enhance connectivity between the two countries to boost trade and commerce, External Affairs Minister Subrahmanyam Jaishankar said on Wednesday.
The deputy managing director of Chabahar Free Zone Organization said about $1.27 billion of investment was attracted in Chabahar Free Trade-Industrial Zone in the previous Iranian year (ended on March 20).
An Iranian member of Parliament said a draft deal with India on terminal operations in the southeastern port of Chabahar is expected to change so that the two countries can agree on a dispute settlement mechanism in the contract.
Exports from the southeastern port of Chabahar have increased 100 percent so far in the current Iranian year that started on March 21 when compared to the previous year’s, according to the head of the Sistan and Baluchestan Ports and Maritime Organization.
India is planning an expansion of Iran’s strategically located Chabahar port through the supply of two more cranes, with an eye on playing a key role in the Afghan peace process, following efforts made to revive the nuclear deal by Tehran and world powers.
Deep southeast Iran, on the coastline of the blue Sea of Oman, along the Makran Mountains, in Sistan and Baluchestan Province, the only oceanic port of Iran is located. Visiting Chabahar for the first time, you feel to be lost in another plant. It is a gem with lots of hidden wonders, a unique place of unbeatable landscapes with unsurpassed cultural beauties.
India wants Chabahar port to be included in the 13-nation International North South Transport Corridor (INSTC) that extends from India to Russia, and expand INSTC membership by including Afghanistan and Uzbekistan, said External Affairs Minister S. Jaishankar and Ports and Shipping Minister Mansukh Mandaviya on Thursday.