August 1, 2022
2 mins read

‘India to unlock trade potential through Chabahar’

The Chabahar Port is a key pillar of India’s India-Pacific vision to connect Eurasia with the Indian Ocean Region…reports Asian Lite News

The Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal affirmed India’s commitment to unlocking the trade potential with the Central Asian region through the use of Chabahar Port in Iran.

Minister Sonowal on Sunday inaugurated the Chahabar Day conference in Mumbai.

 Chabahar is located in south-eastern Iran at the mouth of the Gulf of Oman and is blessed with an ideal strategic location connecting the Indian subcontinent with both Afghanistan as well as Central Asian countries such as Kyrgyzstan and Uzbekistan.

Sonowal urged all the representatives and stakeholders to come forward with suggestions to reduce the transportation time and cost further to make a cheaper, shorter, faster, and more reliable route from India to Iran and Central Asia.

Dignitaries from Iran, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan, and Afghanistan were also present on the occasion.

The Chabahar Port is a key pillar of India’s India-Pacific vision to connect Eurasia with the Indian Ocean Region.

The port will also be part International North-South Transport Corridor network connecting India. INSTC (International North-South Transport Corridor) is India’s vision and initiative to reduce the time taken for EXIM shipments to reach Russia, Europe, and enter the central Asian markets.

Minister Sonowal further interacted with the high-level diplomatic delegation from central Asian countries in Mumbai.

On the occasion, Minister of State Shipping and Waterways Shreepad Naik said that India’s mutual interest in developing ties with Central Asia is boosting economic activities in this land-locked region.

“This infrastructure linkage will prosper the trade and bilateral relations between all these countries,” Naik said.

Deputy Head of Iran’s Ports and Maritime Organization (PMO) Jalil Eslami, during the event, said that Chahbahar port plays an important role in the economic development of India and Iran.

Eslami said that Iran has given special incentives to increase trade cooperation activities between India and Iran through the Chabahar port.

“We want to develop Chabahar port as a transit hub looking at its strategic location,” Eslami added. (ANI)

ALSO READ: Former Pak PM Abbasi accused of taking bribe from Indian company

Previous Story

BJP to fight Bihar polls with present alliance: Arun Singh

Next Story

Manish Malhotra’s Mijwan celebrates 10 years

Latest from -Top News

New Zealand, UAE Seal FTA

New Zealand’s key exports to the UAE include dairy, industrial products, meat, horticultural products and travel services…reports Asian Lite News New Zealand has signed a Free Trade Agreement (FTA) with the United

India Shines at Heimtextil 2025

The January 14-17 event saw vibrant participation from industry leaders and exporters, highlighting India’s drive for global textile leadership….reports Asian Lite News India highlights its textile prowess at Heimtextil 2025 in Messe

India Bets Big on a Sustainable Future

India’s total renewable energy installed capacity recorded a robust double-digit growth of 15.84 per cent to touch 209.44 GW…reports Asian Lite News India is projected to see a five-fold growth in green

Tamil Pride Finds Voice in US House

The resolution states that designating January as Tamil Language and Heritage Month will enable the people of the United States to honor and celebrate the Tamil community’s rich history, language, and culture….reports
Go toTop

Don't Miss

China sets up villages inside Bhutanese territory

The communist regime was developing a village near Doklam in

Adani set to foray into telecom

Adani Group had signalled its intent of entering the telecom