India And Iran Signs Chabahar Port Agreement











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India has signed a 10-year deal to develop the strategically important Chabahar port in Iran. • Chabahar Port • The Port is located on the Makran Coast in the southeastern part of Iran, next to the Gulf of Oman and at the mouth of the Strait of Hormuz. • The Port comprises two terminals i.e. Shahid Kalantari and Shahid Beheshti. • It is the only deep-sea Iranian port with direct access to the Indian Ocean. • Significance • Chabahar Port offers an alternative maritime route to the Strait of Hormuz. • It will benefit India in counterbalancing China’s Belt and Road Initiative and Pakistan’s Gwadar port. • It is a part of the International North-South Transport Corridor (INSTC), a multi-modal transportation project linking the Indian Ocean to northern Europe. • It will provide easy access to Afghanistan unlock India's trade potential with Europe. • Challenges • US sanctions on Iran can impact equipment suppliers and partners in project completion. • Find out why Chabahar Port is crucial for India in this UPSC Current Affairs video. Explore the strategic importance of India-Iran relations and the significance of Chabahar Port for India's maritime interests. • #nextias #upsc #upsccurrentaffairs #chabaharport #india #iran #latestnews #upscprelims #upscprelims2024 #trending #latestnews

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