India has reportedly signed 11 Memorandum of Understandings (MoUs) worth $9.5 million with the Afghan Government. The MoUs singed were for infrastructure and public services such as health clinics and government-related projects.
The strategic port of Chabahar in Iran is likely to open soon, post which, it is expected to provide impetus to India-Afghanistan trade. Furthermore, the construction of this port assumes significance as it will allow bypassing the route through Pakistan for accessing markets in Europe and Central A..
Work on the Chabahar Port will begin soon, once the tender process is over. The project hopes to open a new gateway for development of India, Iran and Afghanistan by boosting regional connectivity and trade.
In a significant development, Japan has expressed interest in partnering with India to develop Chabahar port project in Iran.As per reports, Japan is ready to consider any proposal to improve connectivity in the region.
India and Afghanistan have agreed on the tripartite agreement for the development of the Chabahar port in Iran. The port will provide India with an alternative route to land-locked Afghanistan.The port will also serve as Indias.
Iran reiterated its commitment to develop Chabahar port to bolster its ties with India. The country plans to expand the port in five phases and ramp up its capacity to 20 mn tonne by 2020. India's interest in the Iranian port is not only to get direct access to Central Asia but also facilitate i..