Iran🇮🇷 to Handover Chabahar Port⚓ to Indian Co🇮🇳 for Operation in a Month: 🔊Iranian Minister.

Iran will handover the strategic Chabahar port to Indian company within a month for operation as per an interim pact, Iranian Minister of Roads and Urban Development Abbas Akhoundi said Thursday. Akhoundi is in India to participate in the Mobility Summit by Niti Aaayog on the invitation of India government.

“Now, we are ready just to hand over the port (Chabahar) to the Indian company just to operate this in an interim agreement that already we had with Indian part for one and a half year,” Akhoundi told here.

Akhoundi after a meeting with his Indian counterpart Road Transport and Highways Minister Nitin Gadkari said: “We have already moved one step forward…We should introduce a banking channel to India, which we already did it and fortunately has been formally accepted by the Indian side”. He said India has also introduced a banking channel, which has been approved by Iran’s Central Bank.

The Chabahar port is being considered as a gateway to golden opportunities for trade by India, Iran and Afghanistan with central Asian countries, besides ramping up trade among the three countries in the wake of Pakistan denying transit access to New Delhi.