India to fully operationalise Iran’s Chabahar Port soon: Gadkari

TIL Desk/Business/New Delhi/ India hopes to fully operationalise the Chabahar Port in Iran soon, Shipping and Road Transport Minister Nitin Gadkari said on Tuesday. Following a meeting here with visiting Iranian Foreign Minister Mohammad Javad Zarif, Gadkari also told reporters that the Indian government has allowed an Iranian bank to open a branch in Mumbai to facilitate transactions related to the Chabahar Port.

“The Chabahar port is very important for us. We are working very hard on it. Some problems were there, but the Iranian government are also in the process to resolve all the issues as early as possible. I am confident that we will be in a position to start full function of Chabahar port at the earliest,” Gadkari said.

He said the Reserve Bank of India has given clearance to an Iranian bank to open a branch in Mumbai within three months. “The government of India has given permission to an Iranian bank to open its branch in Mumbai. It is going to open within three months, and will be used for transactions” he said.

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