India’s Iranian Port project progresses for trade linking with the Central Asian market
Two Mobile Harbour Cranes (MHCs) are undergoing trials at Iranian waters as part of India’s US$85 million contract for Equipping, Mechanizing and starting Operations at Shahid Beheshti Port of Chabahar development Phase-I.
Announcing the two MHCs arrival at the Iranian port and the trials on 18 Jan 2021, Minister of Ports, Shipping and Waterways Mansukh Mandaviya said that Chabahar Port is a strategic port with great national importance.
The delivery of consignment of heavy equipment, including cranes shows India’s commitment to the strategic connectivity of Chabahar port project that will provide access to markets in Central Asia.
Development of Chabahar port is the anchor for the expansion of economic and mutual relations between India and Iran and it will give a further boost to the maritime trade between both the countries.
The location of Chabahar Port has strategically advantage and high potential to provide connectivity among India, Iran, Afghanistan, Uzbekistan and other CIS countries specially Eastern CIS countries to increase trade between these countries.
Iran and India signed the bilateral contract on 23 May 2016 and have set up a special purpose vehicle, India Ports Global Limited (IPGL). It was incorporated in Mumbai under the ambit of the Ministry of Ports, Shipping and Waterways.
The two MHCs are part of the US$25 million contract agreement for supply of 6 MHCs. The two cranes arrived from Marghera port, Italy.
With 140 metric tons lifting capacity, multipurpose equipment and accessories like MHCs will enable IPGL to provide seamless services for Container, Bulk and General Cargo at Shahid Beheshti Port of Chabahar. #investment #contracts #ports #iran /fiinews.com
