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Afghanistan Welcomes India’s Decision to Invest in Chabahar

Chabhar Bandar Afghan CompanyKABUL – Afghanistan Ministry of Commerce and Industries Spokesman welcomed India’s $156m-investment decision to develop Chabahar and regarded it as profitable for India.
Afghanistan welcomes India’s decision to invest in Chabahar
Mosafer Ghughandi told IRNA on Sunday that undoubtedly Afghanistan will also take advantage of India’s investment in Chabahar.
Ghughandi said that increasing the capacity of loading and unloading in Chabahar port is not only advantageous for India but for the countries of the region.
He note that Afghan high-ranking officials headed by Abdullah Abdullah visited Chabahar encouraged Afghan merchants to use this port for export and import purposes.
He added that based on a MoU signed between Kabul and Tehran, Iran has allocated 54 hectares of land to Afghan merchants for transiting their products.
India Prime Minister’s Office in a statement announced that investment in Chabahar will provide opportunities for India to have wider presence in the region and Delhi is negotiating with Iran to boost trades via this port.
During his latest trip to India, Abdullah Abdullah requested Indian PM, Narendra Modi to implement trilateral agreements among Iran, India and Afghanistan accelerating investment procedure.
India’s Minister for Road Transport and Highways and Shipping, Nitin Gadkari and Minister of Roads and Urban Development, Abbas Akhundi inked $75m agreement for India to invest in Chabahar earlier during April to May, 2015.
India tends to access Central Asia, Caucasus and Europe markets through Chabahar pathway. (IRNA)

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