State-owned India Ports Global Ltd (IPGL) — formed to develop and run Chabahar port in Iran — will soon sign an agreement with the Iranian Port Authority to start full-fledged operation, Ministry of Ports, Shipping and Waterways Secretary TK Ramachandran said on Friday.
Located in the Sistan-Balochistan province on the energy-rich Iran’s southern coast, the Chabahar port is being developed by India, Iran and Afghanistan to boost connectivity and trade ties. “(To start full-fledged operation of) the Chabahar Port…the agreement was to be signed between IPGL and Iranian Port authority. That is under process. It will happen soon,” Ramachandran told reporters. Chabahar is an oceanic port. It is near to the Indian Ocean and closest to the route to Afghanistan. Replying to a question on the operation of India-financed Sittwe Port in Myanmar amid fighting between Myanmar’s military and anti-junta groups, Ramachandran said, “In terms of infrastructure, the work will continue. As and when the geopolitical situation will be appropriate, the cargo movement will happen”.