The head of Iran-Afghanistan Joint Chamber of Commerce says Afghanistan’s Ghazanfar Bank will open branch in Iran’s southeastern port of Chabahar soon.
Two loaded containers were transported successfully from India’s Mumbai to Iran’s Chabahar, which exited through Dogharoun Border crossing to Afghanistan under cover of TIR Carnets (TIR Convention) on Friday.
Iran says as many as 53 companies have requested to invest in Chabahar, the country’s only oceanic port.
India’s finance ministry has announced that budget earmarked for the country’s development work at an Iranian ocean port would double in 2020-2021 to reach nearly $14 million.
Iran and India have agreed to speed up the development of Chabahar Port which New Delhi views as a gateway to access Afghanistan and Central Asia.
Iran and India on Sunday agreed to accelerate work on the Chabahar port, which is jointly being developed by India, Iran and Afghanistan, the Times of India reported.
Indian columnist urges the government of Prime Minister Nrandra Modi to keep buying Iranian crude despite the US sanctions in a bid to maintain its leverage in the Iranian market in case sanctions are lifted.
Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has approved tapping into Iran’s sovereign wealth fund for construction of a key railway in the southeast of the country.
Afghanistan has exported fruit to India through Iran’s strategic port of Chabahar for the first time since the corridor was opened several months ago.
The Indian ambassador to Iran says the situation is ripe and all the groundwork has been laid at Chabahar Port so that a branch of Export-Import Bank of India opens in Iran.