By signing a 10-year agreement with Iran to develop and operate the Chabahar port, India has taken its infrastructure and trade partnership with Iran to the next level despite tensions in West Asia. India will invest $120 million and offer a credit facility of $250 million to further develop the terminal it operates in Chabahar’s Shahid Beheshti port and related projects. Chabahar is one of the overseas port that will be managed by India. The other is Sittwe port in Myanmar.
Chabahar is Iran's only oceanic port. It is situated in Sistan and Baluchistan Province, on the Makran coast. Strategically located just between the Gulf of Oman and the Strait of Hormuz. There are two main ports in Chabahar - the Shahid Kalantari port and the Shahid Beheshti port.
Historically, India's access to Afghanistan and Central Asia has been largely dependent on transit routes through Pakistan. Chabahar Port offers an alternative route that bypasses Pakistan, reducing India's reliance on Pakistan for trade with Afghanistan and beyond.
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19 май 2024
