19
Sunday
January 2020
9:32 AM IST
News Headlines
No right to live in India if you can't accept Vande Mataram: Pratap Sarangi        Impossible to provide proof of religious persecution under CAA: Assam Min Himanta Biswa        Real problem in country is unemployment, not population: Owaisi        Shabana Azmi injured in accident on Mumbai-Pune Expressway        Dhawan hit on rib-cage, won't take field during Australia innings: BCCI        Australian all-rounder Mitchell Marsh eyes return to national side        India, Iran should work to expedite Chabahar Port development, connectivity to Afghanistan: Zarif        Forex reserves rise by USD 58 mn to record high of USD 461.21 bn        Putin's, Xi's ruler-for-life moves pose challenges to West        Ukraine PM offers to resign after leaked recording        Top Iran leader: Trump is a 'clown' who will betray Iranians        Don't do politics over Nirbhaya case: Kejriwal to BJP        Will probe Digvijaya's phone-tapping claims: Maha minister        Owaisi hits out at Bipin Rawat on "de-radicalisation" comments        Owaisi hits out at Bipin Rawat on "de-radicalisation" comments        Nirbhaya case: Delhi court issues fresh death warrants against 4 convicts for Feb 1, 6 am        Mithali demoted to Grade B in BCCI central contracts        Ponkratov heads Chennai Open chess tournament field        India, US in advance-stage talks to resolve trade issues: Goyal        Gadkari urges states to come forward in the drive for curbing accidents        
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | Health   | About Deepika 
Business News
India, Iran should work to expedite Chabahar Port development, connectivity to Afghanistan: Zarif
 
Mumbai: Iran Foreign Minister Mohammad Javad Zarif on Friday said India and Iran need to work together to expedite rail connectivity to Afghanistan and procurement of equipment for development of Chabahar Port.


The minister who was in the city said that India has good relations with Iran as well as US and can play a role in bringing both the countries to negotiating table.

Despite the US exempting India from sanctions imposed on Iran for the development of the port in Novermber 2018, the European and Chinese suppliers who had bagged contracts to supply equipment for the port have been reluctant to deliver, fearing adverse impact on their business with the US.

"Chabahar Port is essential for Afghanistan and Central Asia. There are several problems and we made several advances on them. One of them is that our Parliament has recently approved the expansion of the free zone," he said.

Zarif noted that the problem in the progress of the project is that India has found difficulty in procuring the necessary equipment for the port despite the exemption.

"The other issue is connecting Chabahar to Afghanistan and to Central Asia through rail. We need to complete the Chabahar-Zahedan rail network. We have the infrastructure for that, but we need rails. We are in negotiation with India for providing rails. We produce our own rails but not at the scale we need. So, Iran and India need to work together on procurement of equipment for the port as well as finishing the rail link," he added.

The minister further said Iran was not interested in re-negotiations with the US but if India wants to work in preventing the unrest and bringing the US back to the negotiating table, it would be ready for dialogue.

"India is a dear friend of Iran and has good relations with the US, so it can get the latter to come back to the negotiations. But the most important priority for Iran is to have good relations with neighbours, stability in neighbourhood and attract more investments in the country. We want to take a leading role in peace building," Zarif added.

The Chabahar Port complex, backed by India, on Iran's coast along the Gulf of Oman is being developed to provide an alternative trade route between India and Afghanistan.

In May 2016, India and Iran signed a bilateral agreement under which India would refurbish one of the berths at Shahid Beheshti Port, and reconstruct a 600 meter long container handling facility at the port.

Under the agreement, India would build a 600-metre (1,969 feet) cargo terminal and a 640-metre container terminal.

However, only a portion of the two berths have been finished because of deteriorating relations between the US and Iran after the election of US President Donald Trump in November 2016 that culminated with reimpositon of economic sanctions in 2018.

In December last year, India took over operations of part of Shahid Beheshti Port.


Forex reserves rise by USD 58 mn to record high of USD 461.21 bn
India, US in advance-stage talks to resolve trade issues: Goyal
Gadkari urges states to come forward in the drive for curbing accidents
IndusInd Bank down 5.44 pc to Rs 1400.60
Rupee up by 7 paise against USD
CCI directs probe against Amazon, Flipkart
Panic stricken depositors mill around bank after RBI caps withdrawal limit
US removes currency manipulator label on China ahead of inking of trade deal
Flipkart opens two warehouses in Haryana, to create over 5,000 local jobs
Rupee cuts short 5-day gaining streak; edges down 1 paise to 70.87 against dollar
Rupee extends gains by 8 paise to 70.86 against US dollar
Centre to set up panel to examine issues on royalty rates for major minerals
Tata Motors global sales dip 3 pc dip to 97,348 units in Dec
Huawei exec can be extradited to US, Canada attorney general says
Sebi brings new system audit norms for exchanges, clearing corporations
Oil PSU unions oppose BPCL disinvestment
''Rumours'' of Air India''s shutdown baseless: CMD
Smartphone sales buck slowdown on strong urban, rural demand
Sensex jumps over 11 pts; Nifty above 12,250
Retail industry expects growth in second half of 2020
KERALA NEWS
Kerala govt will continue fight against CAA: Minister
 Thiruvananthapuram: A day after it moved the Supreme Court against the controversial Citizenship Ame  
Sabarimala all set for Makaravilakku; Heavy security at Ayyappa shrine
Nigerian arrested for duping Keralite couple
Police book BJP workers for raising provocative slogans
INTERNATIONAL NEWS
Putin's, Xi's ruler-for-life moves pose challenges to West
 Moscow: Russia's Vladimir Putin and China's Xi Jinping have established themselves as the world's mo
Ukraine PM offers to resign after leaked recording
Top Iran leader: Trump is a 'clown' who will betray Iranians
Musharraf approaches Pak SC to suspend death sentence ruling by special court in high treason case
NATIONAL NEWS
No right to live in India if you can't accept Vande Mataram: Pratap Sarangi
 Surat (Gujarat) [India], Jan 19 (ANI): Accusing Congress of spreading misinformation about the Citiz
Impossible to provide proof of religious persecution under CAA: Assam Min Himanta Biswa
Real problem in country is unemployment, not population: Owaisi
Don't do politics over Nirbhaya case: Kejriwal to BJP
Untitled Page
Rashtra Deepika LTD
Copyright @ 2019 , Rashtra Deepika Ltd.