A consignment of two Mobile Harbour Cranes (MHC) have been supplied to Iran's Chabahar port by India with a total contract value of over USD 25 Million under a contract agreement for the supply of six MHC.
As per a statement from the Ministry of Ports, Shipping and Waterways, the consignment that arrived from Marghera port in Italy unloaded successfully on Monday at the Chabahar port and is presently undergoing trial runs.
The MHCs, with 140 metric tons of lifting capacity, will enable India Ports Global Limited (IPGL) to provide seamless services for the container, bulk, and general cargo at Shahid Beheshti Port of Chabahar.
The Islamic Republic of Iran and the Republic of India signed the bilateral contract on May 23 2016 with a total value of USD 85 million for equipping, mechanizing, and starting Operations at Shahid Beheshti Port of Chabahar development Phase- I. To achieve this, the India Ports Global Limited (IPGL) in Mumbai was incorporated under the Ministry of Ports, Shipping, and Waterways.
Minister of Ports, Shipping and Waterways (I/C), Mansukh Mandaviya stated that Chabahar Port is a strategic port with great national importance. The delivery of consignment of heavy equipment, including cranes shows India's commitment to the strategic connectivity of Chabahar port project that will provide access to markets in Central Asia. Development of Chabahar port is the anchor for the expansion of economic and mutual relations between India and Iran and it will give a further boost to the maritime trade between both the countries.
"The location of Chabahar Port has strategically advantage and high potential to provide connectivity among India, Iran, Afghanistan, Uzbekistan, and other CIS countries especially Eastern CIS countries to increase trade between these countries," the statement added.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
In Service Of Team, Rohit Sharma Could Cut Short Vacation To Play ODIs vs Sri Lanka: Report Google To Empower 10,000 Indian Startups In AI, Unveils New Tools In BCCI's Strict Rule For Test Selection, Three India Stars Get Exception 25,000 Aspirants For Airport Jobs Paying Rs 22,000: A Mumbai Stampede Scare Siddaramaiah Deletes Post On 100% Quota Bill, Karnataka Minister Clarifies Puja Khedkar's Disability Document Has Factory Address, Ration Card Proof Huge Fire At Gulati Restaurant In Delhi's Pandara Road, No Casualty "This Is The Final Straw": Elon Musk Moving X And SpaceX Out Of California Urvashi Rautela's Bathroom Video Real Or PR Stunt? Internet Debates Track Latest News Live on NDTV.com and get news updates from India and around the world.