India and Iran have recently signed a new 10-year long-term agreement for the development of the Chabahar Port.
This agreement is a significant step in strengthening the strategic and economic ties between the two countries. The Chabahar Port seen as a crucial hub for regional connectivity and trade.
INDIA AND IRAN PORT PACT
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It plays a key role in the International North-South Transport corridor (INSTC) which aim to facilitate freight movement between India, Iran, Afghanistan, Russia, Central Asia, and Europe.
This development is part of India’s broader strategy to enhance trade links and regional connectivity, particularly to Afghanistan.
Under this agreement the Indian company India ports Global limited (IPGL) will invest 120 million dollars in Chabahar port.
INDIA AND IRAN PORT PACT
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