India may consider Iran proposal to develop Chabahar airport

By: |
New Delhi | Published: September 30, 2016 4:51:46 PM

Apart from discussions on expanding scope of cooperation to cover development of the entire Chabahar port, it was discussed that air transport could be of much significance, the official disclosed.

The official said Chabahar has an operational airport and the Iranian minister enquired whether India would be willing to modernise it.(Reuters)The official said Chabahar has an operational airport and the Iranian minister enquired whether India would be willing to modernise it. (Reuters)

India may examine a proposal from Iran to develop airport at its strategic Chabahar port as part of comprehensive infrastructure development that includes rail-road connectivity to the port. The Chabahar port in the Sistan-Balochistan province on the energy-rich nation’s southern coast lies outside the Persian Gulf and is easily accessed from India’s western coast bypassing Pakistan. “There is already an operational airport at Chabahar. The Iranian delegation to India has asked us whether India would be willing to develop and modernise it during the review on the latest development and situation on the bilateral pact… on the Chabahar port,” an official told PTI.

Apart from discussions on expanding scope of cooperation to cover development of the entire Chabahar port, it was discussed that air transport could be of much significance, the official disclosed. The high-level Iranian delegation led by Minister of Roads and Urban Development Dr Abbas Akhoundi and comprising Ambassador Gholamreza Ansari and Deputy Minister and MD for PMO Mohammad Saeid Nejad, among others, held a meeting with Indian authorities led by Transport Minister Nitin Gadkari here.

The official said Chabahar has an operational airport and the Iranian minister enquired whether India would be willing to modernise it. After meeting the Iranian team and a delegation from Afghanistan, Gadkari hoped that Chabahar project will open a new gateway for development of India, Iran and Afghanistan by boosting regional connectivity and trade.

He said further, “We will try to complete the project within the time schedule. We are also finding out what are new things for which we will have opportunity for development and investment. The Iranian minister has given lots of innovative suggestions regarding business development.”

A “milestone” pact on the strategic Chabahar port in southern Iran that will provide India access to Afghanistan and Europe bypassing Pakistan was signed by India and Iran in May this year after detailed discussions between Prime Minister Narendra Modi and Iranian President Hassan Rouhani.

Besides the bilateral agreement to develop the Chabahar port, for which India has committed USD 500 million, a trilateral agreement on transport and transit corridor was signed by India, Afghanistan and Iran, which Prime Minister Modi has said could “alter the course of the history of the region”.

Do you know What is Expenditure Budget, Customs Duty, Reverse Repo Rate, Receipt Budget, Securities Transaction Tax? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Next Stories
1Big-ticket items on agenda for today’s GST Council meet
2After 12.1% returns, EPFO to invest Rs 13,000cr in ETFs in FY17
3Fiscal deficit target: Narendra Modi sticks to market borrowing target