India is trying to make Chabahar Port in Iran operational by 2019, the government said in a statement on Friday, despite a threat of renewed U.S. sanctions against Tehran.
The Indian-backed Chabahar port complex in Iran is being eveloped as part of a new transportation corridor for land-locked Afghanistan that could potentially open the way for millions of dollars in trade and cut its dependence on Pakistan, its sometimes-hostile neighbour.
The port would offer easy accessibility to CIS countries, Transport and Shipping Minister Nitin Gadkari said in the statement. Read Morea
Latest posts by The Economic Times (see all)
- Fuel price hike: Petrol nearing Rs 90/litre in Mumbai - September 22, 2018
- Shrachi’s BTL EPC Bags Rs 228 Crore Order From BHEL For BIFPCL - September 22, 2018
- PM Narendra Modi takes Airport Metro ride to Dwarka - September 21, 2018