News Ports

Shipping minister Sonowal reviews development work at Chabahar port

[ad_1]




Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal on Saturday visited the Shahid Behestti port at Chabahar in Iran to review the progress in the development of the port, an official statement said.


The statement further said that in an effort to invigorate the potential of Chabahar port, Sonowal also handed over six mobile harbour cranes to Indian Ports Global Chabahar Free Trade Zone (IPGCFTZ) at the port.


According to the statement, Sonowal said that India remains committed to developing and popularising Chabahar Port in Iran.


He was accompanied by India’s Ambassador to Iran, Gaddam Dharmendra and Ali Akbar Safaee, deputy minister and Managing Director of Ports and Maritime Organisation, Iran.


“Sonowal and Safaee had a fruitful meeting on development of maritime and port cooperation between Iran and India. Both the delegation discussed the possibilities of trade and unlock trade potential between Central Asian countries with South Asian, ASEAN and even from Far East countries like Japan and Korea,” it said.


Sonowal reiterated the role Chabahar port can play in reducing distance, time and cost.


It was decided to form a joint technical committee for smooth functioning of the port, the statement said, adding that the meeting also addressed the future course of action towards development of the port.


Sonowal said both India and Iran are continuously working towards making the International North South Transport Corridor as the preferred route of trade between the two regions.


Since India Ports Global Private Limited (IPGPL) assumed operations of Shahid Beheshti Port, it has handled over 4.8 million tons of bulk cargo.


The trans-shipment of goods were from varied countries including Australia, Bangladesh, Brazil, Germany, Oman, Romania, Russia, Thailand, the UAE, Ukraine and Uzbekistan.


According to the statement, with close cooperation between India’s IGPL and Iranian stakeholders including Iran’s Port and Maritime Organisation, Iranian Customs Administration and the Chabahar Free Zone Authority, Shahid Behesti Port Authority and other stakeholders, the Port is likely to act as a catalyst to unlock the huge trade potential in the region.


Chabahar Port is the country’s first overseas port project.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor



[ad_2]

Source link