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India earmarks USD 100mn for upgrading Chabahar port

in Afghan Business

chabahar portIndia has allocated USD 100mn for upgrading the Chabahar port, which is located 72km (44 miles) west of Pakistan’s Gwadar Port.

“Ultimately the port connects the Central Asia with south Asia, and we have in-principle agreed,” said Afghan envoy to India Shaida Mohamad Abdali.

He added the draft has been calculated and india has already pledged USD 100mn for development of the port.

The port is connected to the city of Zaranj in Afghanistan’s southwestern province of Nimruz, which is 700km from southeastern Iran.

India’s state-run Jawaharlal Nehru Port Trust sent an expert team to Iran last December to accelerate work on Chabahar Port with a view to facilitating New Delhi’s access to Afghanistan and Central Asia.

Through the port, Afghanistan will be able to export its products directly to India, Kazakhstan, Gulf and European states in an efficient manner.

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