Iran's Chabahar Port Playing Key in Regional Development

A senior Indian foreign ministry official lauded the important role played by Iran's Southeastern port city of Chabahar in bringing about development for the regional countries.

"Chabahar port has a key role in development of economic and political relations among the regional states," Deepak Mittal said.

Mittal's remarks came after the first meeting of the follow-up committee for the implementation of Chabahar Agreement between Iran, Afghanistan, and India was held in Chabahar on Monday attended by delegations from the three nations.

Chabahar Agreement was signed in June 2015 and was later approved by Iran’s Guardian Council in November 2016.

Chabahar is the closest and best access point of Iran to the Indian Ocean. In May 2016, Iran and India signed a deal to equip and operate containers and multi-purpose terminals at Shahid Beheshti port in Chabahar with the capital investment of $85.21 million and annual revenue expenditure of $ 22.95 million on a 10-year lease.

source: FARS News Agency