India ships first consignment of wheat through Chabahar port
The Dollar Business Bureau India on Sunday sent its first shipment of wheat to Afghanistan via the Iranian port of Chabahar, bypassing Pakistan. This is seen as a ‘landmark’ step to operationalise an alternate transit route. The consignment was flagged off from the port of Kandla in Gujarat with Union Minister of External Affairs Sushma Swaraj and Afghanistan Foreign Minister Salahuddin Rabbani joined the ceremony via video conferencing. “The shipment of wheat is a landmark moment as it will pave the way for operationalisation of the Chabahar port as an alternate, reliable and robust connectivity for Afghanistan,” Ministry of External Affairs said in a statement. In June this year, India and Afghanistan had started a direct air freight corridor to enhance trade between the two countries ...
Chahbahar Port is a gateway to golden opportunities: Gadkari
The Dollar Business Bureau The Minister for Shipping and Road Transport & Highways Nitin Gadkari, was on a two day visit to Tehran, representing the Indian Government at the inauguration and oath taking ceremony of Hassan Rouhani as the President of Iran for a second term, on 5th August, 2017. In an interaction with Rouhani, Gadkari held wide ranging discussions on many issues including India’s cooperation in the development of Chabahar Port and proposed rail link between Chabahar & Zahedan. In the meetings, both sides positively assessed the progress in implementation of the decisions taken during the Indian Prime Minister’s visit to Iran last year, including the progress of Chabahar Port. Both sides reiterated their commitment to complete and operationalize the ...
PM announces the Indo-Japan initiative Asia Africa Growth Corridor at AfDB
The Dollar Business Bureau Recalling the historical ties India shared with the African continent, Prime Minister Narendra Modi inaugurated the 52nd annual meeting of the African Development Bank (AfDB) at Gujarat yesterday. Lauding the growing trade relationship between Africa and India, he mentioned that trade has multiplied between the two in the last fifteen years. It has doubled in the last five years to reach nearly seventy-two billion US dollars in 2014-15. India’s commodity trade with Africa in 2015-16 was higher than its commodity trade with America he said. The highlight of the inaugural address was the keenly awaited announcement by the PM on the Indo-Japan initiative, the ‘Asia Africa Growth Corridor’(AAGC), that was discussed and deliberated upon with Japanese PM Abe during ...
India must focus on Silk route connectivity: UNESCAP
The Dollar Business Bureau Asking India to explore the full potential of the South Asian region, a senior executive of the UNESCAP said since India aspires to play a key role in the economic transformation of the region and establish itself as a central point for Asia-Europe trade; it must focus on enhancing connectivity along the Silk Route. "South Asia can again be a hub of economic activities through improved connectivity, as it was in the ancient times," said Nagesh Kumar, director (South and South-West Asia Office), United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP). "Reviving the Asian trade route would put South Asia at the centre of Europe and East Asia," he said, calling on India to explore the full ...
India holds trilateral discussions to bolster Chabahar Agreement
The Dollar Business Bureau In a bid to take forward the Chabahar Agreement on the establishment of International Transport and Transit Corridor, a trilateral meeting was held in the national capital between Nitin Gadkari, Minister of Road Transport & Highways and Shipping, India; Dr. Mohammadullah Batash, Minister of Transport and Civil Aviation, Afghanistan; and Dr. Abbas Ahmed Akhoundi, Minister of Road and Urban Development, Iran. The Chabahar Agreement was signed by the three ministers on 23rd May, 2016 in Tehran in the presence of the Prime Minister of India and Presidents of Iran and Afghanistan respectively. According to an official release, the meeting reiterated the importance of Chabahar as a hub for regional connectivity and the commitment of the involved countries to work towards ...
India to export $150 million rails to Chabahar in July
The Dollar Business Bureau As a part of the Chabahar pact inked between India and Iran to develop railways and other infrastructure, Indian steel firms will export rails worth $150 million to the Iranian port in July. “The maiden rail consignment worth $150 million will be sent in July,” revealed an official, after Iranian Ambassador to India, Gholamreza Ansari, held talks with Nitin Gadkari, Road Transport and Highways Minister, on Thursday. The official further revealed that Gadkari and Ansari considered to take the deal ahead. The Chabahar Port of Iran will give India access to Afghanistan and Europe via the Pakistani bypass. This historic pact was inked in May, during Prime Minister Narendra Modi’s visit to the Gulf country. Earlier in May, Gadkari stated ...
After Chabahar, India eyes Banglas Payra port
The Dollar business Bureau After striking the significant Chabahar Port deal with Iran, India is in discussions with Bangladesh to set up a port in Payra. The shipping ministry, on Friday, revealed that India Ports Global, a joint venture between JNPT and Kandla Port for international ports, is interested in the construction of Payra port. The talks between the Foreign Ministries of the two nations have begun, said Union shipping minister Nitin Gadkari while adding that a team has also been sent to Dhaka for research and study the port area. However, he did not disclose the location of the port. The remarks of setting up a port in Bangladesh came in days after New Delhi bagged the Chabahar port deal with a commitment ...
Chabahar deal not over; Pak, China welcome: Iran
The Dollar Business Bureau The strategic Chabahar port agreement between India, Iran and Afghanistan is not over yet and China and Pakistan are welcome to become a part of it, said Iranian envoy to Pakistan. The trilateral agreement between the Islamic Republic of Iran, India and Afghanistan on the strategically important Chabahar port is ‘not finished’ yet and is “not limited to the three countries”, said Mehdi Honerdoost, Iranian Envoy to Pakistan, while speaking to Dawn newspaper, on Pakistan-Iran relations. The Ambassador said that the offer for cooperation had been first made to Pakistan and after that to China, and implied none of them had shown interest. Both are sister ports, and authorities at Chabahar port would extend a hand of cooperation to Gwadar ...
