India to save 20 pc logistic cost in supplies to CIS countries via Chabahar: Mandaviya
(WorldNews Business)

New Delhi, Jul 5 (PTI) By developing strategic Chabahar Port in Iran, Indian will reduce logistics cost by 20 per cent in container transport to CIS countries, bypassing China or Europe, Union Minister Mansukh Lal Mandaviya has said. So far, CIS countries could be reached only via China or Europe, he said. Chabahar port, located in the Sistan-Balochistan province at energy-rich Iran`s southern coast, lies outside the Persian Gulf and is easily accessed from India`s western coast, bypassing Pakistan. `In a strategic development, loading and unloading of cargo has started at Chabahar Port. Container transport logistic cost to CIS countries...