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होम World India-Iran revitalise Chabahar Port
India-Iran revitalise Chabahar Port
World

India-Iran revitalise Chabahar Port

News On Time Desk 27 May 2024
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The Indian Ocean-facing Iranian port of Chabahar is back in the spotlight thanks to a new 10-year, $370 million agreement between India and Iran, signed on May 13. This deal marks an important step in the long-standing partnership between the two countries, aimed at enhancing regional connectivity and economic growth. India’s Chabahar Port project in Iran is more than just a commercial endeavour-it’s a strategic masterstroke aimed at reshaping regional trade dynamics and strengthening geopolitical ties. Located on Iran’s southeastern coast in the Sistan-Baluchestan province, Chabahar Port offers India a golden gateway to Afghanistan and Central Asia, circumventing Pakistan and providing a counterbalance to China’s influence in the region. Chabahar is the only Iranian port outside the Straits of Hormuz.