1st phase of Chabahar port launched: 10 key points explaining its relevance

1st phase of Chabahar port launched: 10 key points explaining its relevance

Would provide opportunities to Indian companies to penetrate and enhance their footprint in the region The first phase of Chabahar portwas inaugurated on Sunday by Iranian President Hassan Rouhani.The Chabahar project, located on the Gulf of Oman, only 85km from China's Gwadar port in Pakistan, is important for India as it will allow it to bypass Pakistan in accessing Afghanistan and Central Asia. Business Standard is republishing this 31/10/2017 article which explains the significance of the port.

India sent its maiden cargo of wheat to Afghanistan through the Chabahar port in Iran, bypassing Pakistan on Sunday. The shipment will pave the way for operationalisation of the Chabahar port as an alternate route providing reliable and robust connectivity for central Asia.

Also Read : First phase of Chabahar port inaugurated

Also Read : Iran opens Chabahar port: India, Afghanistan can now trade bypassing Pak

The shipment was flagged off from the Kandla port in Gujarat with External Affairs Minister Sushma Swaraj and her Afghan counterpart Salahuddin Rabbani joining the ceremony through video conferencing.

10 things to know about Chabahar port in Iran:

— In February 2016, the Union Cabinet approved provision of credit of $150 million from EXIM Bank to the Islamic Republic of Iran for Chabahar Port Development

— It will help in expanding maritime commerce in the region and facilitate growing trade and investment with Iran and other countries in the region Read More