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India likely to sign 10-year agreement with Iran to manage Chabahar Port

by Blitz India Media
May 13, 2024
in News
0
Sarbananda Sonowal
Team Blitz India

NEW DELHI: India is expected to sign an agreement with Iran to oversee the management of Chabahar Port for the next decade, making it New Delhi’s first venture into managing a port overseas. According to a report by the Economic Times,Shipping Minister Sarbananda Sonowal is scheduled to travel to Iran for the signing ceremony on May 13.

Plans are currently underway to integrate Chabahar Port with the International North South Transport Corridor (INSTC), facilitating India’s connectivity with Russia via Iran.

By leveraging Chabahar Port, India aims to bypass Pakistan and establish direct access to Afghanistan and beyond, into Central Asia.

Chabahar Port holds strategic importance for India as it serves as a vital link connecting the country to Afghanistan, Central Asia, and the broader Eurasian region. Moreover, this initiative is seen as a counterbalance to Pakistan’s Gwadar port and China’s Belt and Road Initiative

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