India to Invest $100mln in Iran's Chabahar Port
TEHRAN (FNA) - Afghan Ambassador to India Shaida Mohammad Abdali announced that New Delhi has a plan to spend over $100mln for the completion of Chabahar port's development projects to improve trade with Afghanistan and other Central Asian countries.
"Ultimately the port connects the Central Asia with South Asia. And we have in-principle agreed. The draft has been circulated, and India has already pledged $100mln for upgrading the port," Abdali told PTI.
In May, a senior Indian official underlined the importance of the Southern Iranian port of Chabahar for the transit of Indian goods to other countries.
"Chabahar is a very important port for investment and it also links India with its neighbors," Director General of the Indian Institute for Defense Studies and Analyses Arvind Gupta said.