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

Taipei Gets Tough on Beijing

The new move marks one of the most comprehensive efforts in recent years to strengthen Taiwan’s legal defences against Beijing’s covert attempts…reports Asian Lite News Taiwanese lawmakers from both the ruling and

Pakistan Warns Afghanistan War

Pakistan’s Defence Minister Khawaja Asif warned that Islamabad could enter an “open war” with Kabul if peace talks in Istanbul fail to ease rising Afghan border tensions…reports Asian Lite News Pakistan’s Defence

UN Signs Landmark Cybercrime Treaty

Malaysia’s foreign minister warned ASEAN is losing neutrality amid rising global power competition, ahead of the bloc’s annual summit….reports Asian Lite News Sixty-five nations have signed a landmark United Nations convention in

Malaysia Warns ASEAN Neutrality Eroding

Malaysia’s foreign minister warned ASEAN is losing neutrality amid rising global power competition, ahead of the bloc’s annual summit….reports Asian Lite News  Malaysia’s foreign minister has warned Southeast Asian counterparts that the
Go toTop

Don't Miss

India to Build Oz Homes?

The announcement comes as Australia grapples with a worsening housing

21 hotels to house G20 delegations

These top-end five-star hotels are all in those privileged parts