EghtesadOnline: For the first time, all five berths of Chabahar’s Shahid Beheshti Port have been serving eight vessels simultaneously since last week, Hossein Ebrahimi, an official with Sistan-Baluchestan Ports and Maritime Organization, said on Sunday.
EghtesadOnline: In India, Rs17,300 crore ($2.41 billion) have been allocated for the Ministry of External Affairs in the budget, with Rs100 crore ($13.98 million) earmarked for the strategic Chabahar Port project in southeastern Iran, which gives India connectivity to Afghanistan bypassing Pakistan.
EghtesadOnline: Chabahar Port handled a total of $800 million worth of commodities in the last fiscal year (March 2018-19) to register a 50% growth compared with the year before, according to the director of Commerce Department of Chabahar Free Zone Organization.
EghtesadOnline: Afghanistan has exported its first consignment of perishable goods to India through Iran’s Chabahar Port, ILNA quoted Behrouz Aqaei, director general of Ports and Maritime Organization of Sistan-Baluchestan Province, as saying on Sunday.
EghtesadOnline: The prospects of economic cooperation continuing between Iran and India still seem promising, given New Delhi's long-held policy of balancing its relations with Tehran and Washington and a sanctions exemption for the development of Chabahar Port, say political observers.
EghtesadOnline: A ship carrying 72,000 tons of bulk corn from Brazil arrived and unloaded in Chabahar’s Shahid Beheshti Port on Thursday.
EghtesadOnline: India's payment system with Iran is being relaxed further for basmati rice exports. This comes after the US allowed India to continue importing crude oil from Iran and develop Chabahar Port.
EghtesadOnline: The United States said on Tuesday it would exempt Iran's Indian-backed port of Chabahar from new sanctions on Tehran, recognizing the value of the project to Afghanistan.
EghtesadOnline: Indian Foreign Secretary Vijay Gokhale has highlighted the importance of development of Iran's Chabahar Port to bypass Pakistan and reach Afghanistan's market.
EghtesadOnline: India is weighing a rupee-rial payment mechanism for the Chabahar Port project in Iran as it weaves a way around the impending sanctions imposed by the US on the Persian Gulf nation from November 4, to kickstart the port that is considered critical to the country’s geopolitical and trade interests.