Iranian President Hassan Rouhani inaugurates port connecting India
Written by : SMTV24x7 | Sun, Dec 03, 2017, 07:48 PM
Iran Dec 03: Iranian President Hassan Rouhani, inaugurated the first phase of Chabahar port on Sunday. With this port a new trade opportunities for India, Iran and Afghanistan will increase.
The transit route connects Iran, India and Afghanistan bypassing Pakistan.
The first phase of the Chabahar port project is known as the Shahid Beheshti port.
According to the ministry of external affairs, minister of state for shipping Pon Radhakrishnan represented India at the inauguration.
"The routes of the region should be connected on land, sea and air," Rouhani said at the inauguration ceremony, according to his office.
Under the agreement signed between India and Iran in May last year, India is to equip and operate two berths in the Chabahar Port Phase-I with capital investment of $85.21 million and annual revenue expenditure of $22.95 million on a 10-year lease.