• UGI USER
  • May 14, 2024
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INDIA AND IRAN SIGN 10-YEAR AGREEMENT FOR CHABAHAR PORT OPERATION

Why in the news?

India and Iran signed a 10-year contract to operate Chabahar port, enhancing trade connectivity and regional cooperation.

source:TribunIndia

About Chabahar Port :

  • Location: Sistan and Baluchistan Province, Makran coast, Iran
  • Ports: Shahid Kalantari (developed in 1980s) and Shahid Beheshti
  • Proximity to Gwadar Port: Just 170 km from China-operated Gwadar port in Pakistan.
International North-South Transport Corridor (INSTC):

  • The International North-South Transport Corridor (INSTC) is a multi-modal transportation route.
  • It connects the Indian Ocean and Persian Gulf to the Caspian Sea through Iran.
  • The route extends further to northern Europe via St. Petersburg, Russia.
  • INSTC includes seaports in the Persian Gulf and Caspian region.

Associated Article:

https://universalinstitutions.com/india-iran-relations-and-its-importance/

https://universalinstitutions.com/india-has-urged-central-asian-countries-to-use-the-port-of-chabahar/