"Dream, Dream, Dream! Conduct these dreams into thoughts and then transform them into action."
- Dr. A. P. J. Abdul Kalam

Inauguration Of Iran’s Chabahar Port Significant For India

04-12-2017 12:00 PM | Lathika Saju | My Indian Dream


Inauguration Of Iran’s Chabahar Port Significant For India | My Indian Dream

Image Source

Chabahar port will help India access Central Asian markets

The Chabahar port in Iran that allows India to bypass Pakistan and reach land-locked Afghanistan and Central Asian countries was inaugurated on Sunday. It is of significant strategic and economic importance for India and is a strategic response to China’s development of the Gwadar port in Pakistan.

The Shahid Beheshti Port’s first phase was inaugurated by Iran’s President Hassan Rouhani in a ceremony that was attended by ministers, envoys and officials from 17 countries. President Rouhani stated that the inauguration marked a “historic” day for Iran, particularly for the people of Chabahar. The port connects the trade corridors that pass through Iran to the sea route.

India is a partner in the development of the Shahid Beheshti Port for which an investment amounting to $1 billion was made. The port can accommodate 100,000-tonne ships, which India feels has strategic and economic potential as a rival to the Gwadar port.

With the Chabahar port becoming operational, India got access to the easier land-sea route to Afghanistan. Earlier, the Indian government has committed $500 million to Chabahar, with the intention of joining the increasingly important transport corridor to resource-rich regional countries. 

Iranian Foreign Minister Javad Zarif said the port would reinforce mutual and regional cooperation between Iran and India.



  whatsup_share
About the Author

https://www.myindiandream.in/./upload/56_Lathika_Saju.jpg


I love to read and am passionate about writing. I like to absorb ideas and information and spread it among my readers. After all, knowledge is always an asset.
Support the Initiative

Buy the My Indian Dream merchandise to support our various initiatives. The premium merchandise enables you to make a statement in style as well as enable our efforts.