India ready for major investment in Chabahar

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Indian Minister of Petroleum and Natural Gas Dharmendra Pradhan said on Saturday that his country is prepared to make major investment in Chabahar, saying that Iran-India cooperation is not limited to import of crude oil.

He made the remarks after a meeting with his Iranian counterpart Bijan Zangeneh.
He also announced his country’s programs to invest in other Iranian industrial projects.
‘India is prepared to contribute to the development of Chabahar and I will travel to the Chabahar Free Zone on Sunday to survey the situation,’ Pradhan said.
Iran-India cooperation is currently in several strategic fields and it is no longer restricted to oil imports, he said.
He further noted that he has held fruitful talks with governor of Central Bank of Iran Saturday and Indian oil debts to the country will soon be paid off.
He expressed pleasure with his talks with Zangeneh, saying that they reached agreement on cooperation in various projects such as Farzad B Gas Field development plan.
In times of sanctions on Iran, India imported 20 percent of oil needs from Iran to stand second client for Iran’s crude oil.

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