India inks Rs. 1 lakh-cr Chabahar port pact

    Chabahar port pact
    In a giant leap forward in the international arena, India has recently cemented a historic agreement by inking a trilateral pact between India, Afghanistan, and Iran for a trade treaty to develop the Chabahar port. It is Iran's only port on the Indian Ocean, and once developed, it will allow India to access Central Asia directly — skipping Pakistan, said MEA sources, adding that a decision has been reached to transform the trade relationship between the two countries into a comprehensive economic partnership by placing past differences behind them. Iran and India both agreed to consult closely and regularly on combating threats of terrorism, radicalism, drug trafficking, and cyber crime. Among others, the expanded trade ties, deeper connectivity, including railways, partnerships in oil and gas sector, fertilisers, education, and cultural sphere are forces driving in their economic engagement. The pact will open new routes for India paving the way for direct connectivity among India, Iran, and Afghanistan where India and Iran also share a crucial stake in peace, stability, and prosperity of the region. The distance between Kandla (in the Kutch district of Gujarat) is less than the distance between New Delhi and Mumbai as the Chabahar port is about 1,000 km whereas the distance between Mumbai-New Delhi is 1,409 km and that the quicker movement of goods first to Iran and then to Afghanistan and Russia through a new rail and road link will be a win-win situation.
    CURRENTLY ONLINE
    We have 652 guests and no members online

    NBM&CW

    New Building Material & Construction World

    New Building Material & Construction World
    MGS Architecture

    Modern Green Structures & Architecture

    Modern Green Structures & Architecture
    L&ST

    Lifting & Specialized Transport

    Lifting & Specialized Transport
    II&TW

    Indian Infrastructure & Tenders Week

    Indian Infrastructure & Tenders Week