May 13, 2024, 4:35 PM

Iran, India to launch joint shipping company

Iran, India to launch joint shipping company

TEHRAN, May 13 (MNA) – The Iranian Minister of Roads and Urban Development Mehrdad Bazrpash said that an Iran-India joint shipping company will be launched soon.

Mehrdad Bazarpash made the announcement on the sidelines of the signing ceremony of a contract for equipping and operating a container terminal and general cargo barges at Chabahar Port with an Indian company while speaking to reporters there on Monday.

"We have regular planning in the development of rail, road and sea infrastructure and the growth of transit in different sectors in Iran continues," said the road minister. 

There is a direct line of container shipping between Iran, India and China. Since the start of this year (which began on March 21, 2024) the transportation of goods on this route has inncreased," added the road minister.

Bazarpash further highlighted that, "Soon the Iran-India joint shipping company will be launched."

"Chabahar port plays a strategic role in the eastern branch of our north-south corridor, and after the completion of the Chabahar-Zahedan railway section by the end of the year, this port will play a greater role in the country's transit development plan,"  added Bazrpash. 

He continued that the value of contract between Iran and India in Chabahar has increased to $370 million.


News ID 215085


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