Updated By: LatestGKGS Desk
India, Iran Strategic Chabahar Port agreement expected to complete end of 2018
Iran expected to provide the first tranche of the loan from the $150 Million credit line to activate the contract between India and Iran for Chabahar port
The Union Government is hopeful that Strategic Chabahar Port in Iran expected to provide the first tranche of the loan from the $ 150 Million credit line to activate the contract between India and Iran for Chabahar port as an agreement signed in 2016.
Strategic Chabahar Port in Iran will be operational by end of 2018 and is strategically located in southeastern Sistan-Balochistan province on the Gulf of Oman, near energy-rich Iran’s border with Pakistan.
Strategic Chabahar Port can be easily accessed from India's western coast, bypassing Pakistan
As India and Iran "historic" Chabahar Port agreement which has the potential of becoming India's gateway to Afghanistan, Central Asia and Europe. Under it, India will develop and operate for 10 years of two terminals and five berths.
The port provides access to the resources and markets of landlocked Afghanistan and Central Asia bypassing Pakistan and is also located less than 150km west of Pakistani port of Gwadar, being developed by China.
Help in countering Chinese presence in the Arabian Sea or keeping track of Chinese or Pakistani military activity based out of Gwadar.
Chabahar port will be linked International North-South Transport Corridor (INSTC), thus serve as India’s outreach in the region to Afghanistan and beyond to Russia, Eastern Europe.
