July 1, 2024
1 min read

Indian envoy explores economic ties with Iran-India Biz Chamber

A key highlight of the discussion was the recently signed agreement concerning the Chahbahar Port…reports Asian Lite News

Indian Ambassador to Iran, Rudra Gaurav Shresth, met members of the Iran-India Business Chamber on Friday to discuss opportunities for collaboration between the businesses of the two countries.

The meeting focused on leveraging synergies and complementarities to foster economic growth and development in both nations.

A key highlight of the discussion was the recently signed agreement concerning the Chahbahar Port.

The Chahbahar Port agreement is expected to facilitate smoother trade routes between India, Iran, and other countries in the region, thereby boosting economic activities and creating new avenues for investment.

“Amb. Rudra Gaurav Shresth met with members of Iran-India Business Chamber and spoke about the potential to leverage complementarities in Indian and Iranian businesses. Also highlighted the recently signed agreement on Chahbahar Port & it’s potential to transform the region,” the Embassy of India in Iran said in a post on X.

The Chabahar Port is an India-Iran flagship project that serves as an important transit port for trade with Afghanistan. India has been a key player in the development and operation of Chabahar Port.

India and Iran recently solidified their collaboration by signing a significant long-term agreement to operate the Shahid-Beheshti Port Terminal. This landmark deal, witnessed by ministers from both countries, underscores the strategic importance of the Chabahar port pact. By enhancing regional connectivity, the agreement is poised to streamline trade routes between India, Iran, and Afghanistan, offering an alternative to traditional routes that pass through Pakistan.

The Long-Term Bilateral Contract on Chabahar Port Operation was signed between Indian Ports Global Limited (IPGL) of India and the Port & Maritime Organisation (PMO) of Iran, enabling the operation of Shahid-Behesti in the Chabahar Port Development Project for a period of 10 years.

India and Iran share a millennia-long history of interactions. The contemporary relations between the two countries are marked by high-level exchanges, commercial cooperation, connectivity paradigm and cultural and people-to-people ties. (ANI)

ALSO READ: Pradhan slams Congress amid NEET-UG row

Previous Story

Congress demands law to exceed 50% reservations quota

Next Story

Xi Jinping to attend SCO summit in Astana

Latest from -Top News

Pakistan FM Due in Bangladesh

During his visit Dar will hold discussions with the Foreign Affairs Advisor Towhid Hossain and also call on Muhammad Yunus…reports Asian Lite News Pakistan’s Deputy Prime Minister and Foreign Minister Ishaq Dar

Balochistan: Where the State Makes People Disappear

The victims include students, journalists, and peaceful protesters, many of whom were abducted from cities such as Karachi and Islamabad….reports Asian Lite News A human rights organisation on Monday revealed that 785

Monsoon Havoc in Pakistan

Since June 26, torrential rains have killed at least 299 people—including 140 children—and injured 715 in Pakistan…reports Asian Lite News Since June 26, torrential monsoon rains have devastated Pakistan, killing at least

Bangladesh’s Dark Turn

With the Awami League outlawed and absent from the electoral fray, a vacuum has emerged — one that has not necessarily been filled with stability….reports Asian Lite News Bangladesh’s political landscape has
Go toTop

Don't Miss

Defence panel visits Indian Navy’s training facility at INS Chilka

The SCOD members appreciated the training methodology and the efforts

Families still in dark over fate of 8 ex-Indian Navy men in Qatar custody

According to a source, they have been wrongly charged with