Friday, April 8, 2016

Cabinet approves $150 million for Chabahar port in Iran

The cabinet approved $150 million for development of Chabahar port in Republic of Iran which will facilitate trade route to Afghanistan bypassing Pakistan.
  • The MoU was signed between India and Tehran last May to develop Chabahar port on South-eastern coast
  • It will facilitate a trade route to nearby nations especially Afghanistan
  • It will help India compete with China which has invested heavily in Gwadar port in Pakistan

No comments:

Post a Comment