IPGPL invites bids to select firm for Chabahar Port

India has commenced work on developing Iran’s Chabahar Port and will soon select a private player for the development of a multipurpose berth and a port terminal at an estimated investment of $85 million. Adani Enterprises and JSW Group are among those interested in the project, officials aware of the development said.

The move assumes geopolitical significance because China is marching ahead in executing the Gwadar Port in Pakistan.
India Ports Global Private Limited (IPGPL), a joint venture between Jawaharlal Nehru Port Trust (JNPT) and Kandla Port Trust (KPT), has invited preliminary bids, under the first phase of development,