The
new port memorandum signed by India and Iran on Wednesday opens the
entire region to trade and cooperation, an Iranian expert told Sputnik.
India's
new Chabahar port deal with Iran will become a hub of economic activity
which will grant India economic access to Russia, Central Asia and
Afghanistan, Iranian analyst and vice-president of the Iran and Eurasia
Research Center (IRAS) Mandana Tishyar told Sputnik.
India signed a memorandum of understanding with Iran on Wednesday which would allow it to build a port in Iran. The agreement took place despite US warnings against deals with Iran before the nuclear agreement is reached before the deadline on June 30.
In April, China promised India's neighbor Pakistan over $46 billion in investment and development deals as part of the Pakistan-China Economic Corridor. "The Chabahar port development could really help our countries strengthen and develop a strategic trade partnership," Tishyar said.
India plans on investing over $85 million in Iran new port's construction.
India signed a memorandum of understanding with Iran on Wednesday which would allow it to build a port in Iran. The agreement took place despite US warnings against deals with Iran before the nuclear agreement is reached before the deadline on June 30.
"This memorandum was signed by the two
countries' governments and not individual companies, so this project
will be completed. The design and development of this port are not
in the list of entities which fell under Western sanctions," Tishyar
told Sputnik.
According to Tishyar, the port will benefit not only Iran, but also
the entire region as part of Russia, India and Iran's "North-South"
transport corridor project. The project is parallel to China's East-West
Silk Road.In April, China promised India's neighbor Pakistan over $46 billion in investment and development deals as part of the Pakistan-China Economic Corridor. "The Chabahar port development could really help our countries strengthen and develop a strategic trade partnership," Tishyar said.
India plans on investing over $85 million in Iran new port's construction.
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