- February 1, 2021
- Posted by: OptimizeIAS Team
- Category: DPN Topics
Subject: International Relations
Context: In its latest push to develop Iran’s Chabahar port project, India handed over two 140-tonne cranes for loading and unloading equipment to the Iranian government on Sunday.
- In May 2016, India, Iran and Afghanistan signed the trilateral agreement which entailed the establishment of Transit and Transport Corridor among them using Chabahar port in Iran as one of the regional hubs for sea transportation.
- It is located on the Gulf of Oman and is only 72 km away from the Gwadar port in Pakistan which has been developed by China.
- The port serves as the only oceanic port of Iran and consists of two separate ports named ShahidBeheshti and Shahid Kalantari.
Significance of Chabahar Port for India:
- Trade: It is being considered a gateway to golden opportunities for trade by the three countries with other Central Asian countries in the wake of Pakistan denying transit access to India.
- Security: China is aggressively pursuing its own Belt and Road Initiative (BRI) under the One Belt One Road (OBOR) project. The port can also act as a counter to Pakistan’s Gwadar Port, which is being developed with Chinese investment.
- Connectivity: In future, the Chabahar project and the International North South Transport Corridor (INSTC) will complement each other by optimising Indian connectivity with Russia and Eurasia.