As per the media reports, today Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal boarded a special Indian Air Force flight for Iran and is expected to witness signing of the crucial Chabahar port agremment between the two countries. India is set to sign an agreement with Iran to manage Chabahar Port for the next 10 years. The move, in the midst of hectic election season, is regarded as a significant geopolitical outreach to Iran that will have major regional ramifications.
As per the reports This agreement will enable India to lease for a long-time Chabahar port situated on Iran’s coast along the Gulf of Oman.This strategic masterstroke will open up a new trade route between South Asia and Central Asia via Iran, bypassing Karachi as well as Gwadar ports in Pakistan. This is the first time India will take over management of a port overseas. The port, which is seen as India’s key connectivity link to Afghanistan, Central Asia and the larger Eurasian space, will help counterbalance Pakistan’s Gwadar port as well as China’s Belt and Road Initiative. There are plans to link Chabahar with the International North South Transport Corridor (INSTC) that connects India with Russia via Iran. The port will enable India to bypass Pakistan to access Afghanistan, and ultimately Central Asia.
News Source: @ ANI
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