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

Netaji’s Ashes Await Return Home

Today, 78 years after India gained independence in 1947, Bose remains physically separated from the country he fought to free. The Indian government has in the past considered repatriating his remains, but

Moscow turns into BRICS+ cultural capital

Moscow is set to stage twin cultural showcases, with BRICS+ filmmakers at the Library’s Film Night and young theatre actors joining an expanded InteRussia fellowship for creative exchange….reports Asian Lite News The

‘West’s anger means India’s right’

Russia has blasted US sanctions on India as “unlawful competition,” pledging uninterrupted crude supplies, market access, and unwavering support for New Delhi amid Western pressure and tariffs….reports Asian Lite News Russia has

Delhi & Washington keep defence bond strong

India and US officials push forward defence and trade ties despite Trump’s tariff hike, balancing strategic cooperation, energy security, and congressional outreach in a turbulent geopolitical landscape….reports Asian Lite News Indian and
Go toTop

Don't Miss

2023: India’s Most Defining Year

It is unlikely that China will stage a major incident

Modi Unlikely to Attend G7 Summit in Canada

Indian Prime Minister Narendra Modi is expected to skip the