Economy
the success or failure of this project .” Speaking about the Mumbai-Mundra-Kandla- Chabahar-Bandar Abbas shipping line , that connects the Indian city of Mumbai to Iranian southern port cities of Chabahar and Bandar Abbas and which was inaugurated only recently , he said that the main problem with this project was about financial resources . The Rouhani administration does not have enough money and the private sector has no economic motivation to invest in this line . If the two countries can reach an agreement on financial resources , a major issue would be resolved .
Shariatinia added that beyond the Indian Government ,
14 Legacy India | June 2019 creating the economic justification of Chabahar for Indian companies is also very important . If they can access Central Asian and Russia markets via the International North – South Transport Corridor ( INSTC ), they can motivate investment and participation for this project . The future of Chabahar will depend on the political will of the Iranian and Indian Government on the one hand and economic justification of Chabahar for Indian and Iranian companies on the other .
Shariatinia added that in his assessment , the importance of the Russian economy is much more than Central Asian economies . If one takes a look at
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