(From The Times of India)
India’s commercial contract with Iran for development of Chabahar port has come not a moment too soon for the government. Notwithstanding its presence at Pakistan’s Gwadar, where it has developed and acquired operational control of the port, China had also looked to invest in the development of Chabahar port.
Only last month, a Chinese consortium visited the Chabahar free trade zone and expressed interest in developing the port and also building an industrial town there. The head of the Chinese consortium which visited Chabahar was quoted as having said that Chinese companies were eager to invest in the strategically located port.
This followed the visit by Chinese President Xi Jinping to Iran in January this year when the two countries mentioned in their joint statement development of ports as one of the areas where they could have tangible cooperation. Read More