Chabahar port⛴️
🔖 *Iran’s 🇮🇷 Chabahar port* is located on the *Gulf of Oman*🇴🇲 and is the only oceanic port of the country. The port gives access to the *energy-rich*💥 *Persian Gulf nations’* southern coast.
🔖 Iran formally handed over the port to *India*🇮🇳 during a first meeting of the follow-up committee for the implementation of the *Chabahar Agreement between Iran🇮🇷, Afghanistan🇦🇫, and India🇮🇳 held in the port city Tehran.*
🔖 The *Chabahar Agreement was signed ✍️in June 2015* and approved by Iran’s *Guardian Council* in November 2016.
*Importance for india*🇮🇳
🔖 *India can bypass Pakistan🇵🇰 in transporting goods to Afghanistan.* Chabahar port will boost India’s access to Iran, the key gateway to the International North-South Transport Corridor that has sea, rail 🛤️and road 🛣️routes between India, Russia, Iran, Europe and Central Asia.
🔖 Chabahar port will be beneficial to India in countering *Chinese🇨🇳 presence in the Arabian Sea*
🔖 A significant boost in the import of *iron ore, sugar and rice🌾 to India.*
🔖 Chabahar port will ensure in the *establishment of a politically sustainable connectivity between India and Afghanistan.*
*Some Important Points*👇
🔖 India will, for the first time, allow *investment in rupees💳 in Iran.* This is a special arrangement, sources said, which is only allowed for *Nepal 🇳🇵and Bhutan*🇧🇹
🔖 India is one of a handful of countries that continued trade links with Iran despite it being *isolated by Western countries against its disputed nuclear programme.* ☢️
🔖 The project moved slowly because of western sanctions against Iran.
🔖 The Chabahar port will cut✂️ transport costs/time for Indian goods *by a third* .
🔖 The port project will be the *first overseas venture for an Indian state-owned port*
*Latest update*
🔖 Iran to drop India from Chabahar rail project🚆
Four years after India and Iran signed an agreement to construct a rail line from *Chabahar port to Zahedan,*
along the border with Afghanistan,
The Iranian government has decided to *proceed with the construction on its own,citing delays from the Indian side in funding and starting the project.*
Comments
Post a Comment