India delivers second shipping equipment batch to Iran
Equipment

India delivers second shipping equipment batch to Iran

The Ministry of Ports Shipping and Waterways (MoPSW) announced that India has supplied the second shipment of equipment to Chabahar port in Iran.

In January this year, India had supplied a consignment of two mobile harbour cranes to the Chabahar port, having a total contract value of over $25 million.

Located in the Sistan-Balochistan province on the energy-rich Iran's southern coast, the port is being developed jointly by India, Iran and Afghanistan. The three countries had signed a tripartite agreement on developing the Chabahar port and setting up a trilateral transport and transit corridor in 2016. India then set up India Ports Global Limited to operate the Shahid Beheshti terminal at Chabahar.

Last month, MoPSW Additional had said two more cranes are standing for loading near the port near Venice, which will reach by March-end to the Chabahar port. The ministry had said two more cranes would be supplied to the port by the end of June.

After delivering mobile harbour cranes, the ministry now plans to procure rail-mounted cranes for which bidding is going on.

Till 31 January 2021, around 123 vessels had berthed at the terminal, and approximately 13,752 twenty-foot equivalent units (TEUs) and 18 lakh tonne of bulk and general cargo had been handled there.

The bilateral contract between India and Iran was signed on 23 May 2016, with a total value of $85 million ‎for equipping, mechanising and starting operations at the port under the first phase. In this regard, a special purpose vehicle—India Ports Global Ltd (IPGL), Mumbai, was incorporated under the shipping ministry.

The Chabahar port's location has a strategic advantage and high potential to provide connectivity among India, Iran, Afghanistan, Uzbekistan, and other Commonwealth of Independent States (CIS) countries, especially Eastern CIS nations and boost trade.

Image Source


Also read: India delivers first batch of heavy cranes to bolster operations at Chabahar port

The Ministry of Ports Shipping and Waterways (MoPSW) announced that India has supplied the second shipment of equipment to Chabahar port in Iran. In January this year, India had supplied a consignment of two mobile harbour cranes to the Chabahar port, having a total contract value of over $25 million. Located in the Sistan-Balochistan province on the energy-rich Iran's southern coast, the port is being developed jointly by India, Iran and Afghanistan. The three countries had signed a tripartite agreement on developing the Chabahar port and setting up a trilateral transport and transit corridor in 2016. India then set up India Ports Global Limited to operate the Shahid Beheshti terminal at Chabahar. Last month, MoPSW Additional had said two more cranes are standing for loading near the port near Venice, which will reach by March-end to the Chabahar port. The ministry had said two more cranes would be supplied to the port by the end of June. After delivering mobile harbour cranes, the ministry now plans to procure rail-mounted cranes for which bidding is going on. Till 31 January 2021, around 123 vessels had berthed at the terminal, and approximately 13,752 twenty-foot equivalent units (TEUs) and 18 lakh tonne of bulk and general cargo had been handled there. The bilateral contract between India and Iran was signed on 23 May 2016, with a total value of $85 million ‎for equipping, mechanising and starting operations at the port under the first phase. In this regard, a special purpose vehicle—India Ports Global Ltd (IPGL), Mumbai, was incorporated under the shipping ministry. The Chabahar port's location has a strategic advantage and high potential to provide connectivity among India, Iran, Afghanistan, Uzbekistan, and other Commonwealth of Independent States (CIS) countries, especially Eastern CIS nations and boost trade. Image Source Also read: India delivers first batch of heavy cranes to bolster operations at Chabahar port

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement