India supplies port equipment worth $24 million for Chabahar Port development: EAM S Jaishankar
He was replying to a question in Rajya Sabha on Thursday on the current status of the Chabahar Port.
In May 2015, India and Iran signed an MoU on ‘Partnership of India in the Development Plan of Chabahar Port’. This was followed by the signing of a Trilateral Agreement in May 2016 between India, Iran and Afghanistan to establish the International Transport and Transit Corridor (Chabahar Agreement).
India is participating in the development of the first phase of the Shahid Beheshti Terminal, Chabahar Port in cooperation with the Government of the Islamic Republic of Iran, the Minister stated.
On 24 December 2018, an Indian company, India Ports Global Limited (IPGL) through its wholly owned subsidiary, India Ports Global Chabahar Free Zone (IPGCFZ), took over the operations of Chabahar Port, according to Jaishankar.
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