News Ports

chabahar port final agreement: Iran says final agreement reached with India on Chabahar Port: Report


India and Iran have reached on the final agreement on India’s first foreign port project, Chabahar Port, ET Now reported citing agencies on Monday.

The new long-term agreement is intended to replace the original contract, which only covers India’s operations at the Shahid Beheshti terminal in the Chabahar port and is renewed every year. The new agreement will be valid for ten years and will be automatically extended.

Notably, External Affairs Minister S Jaishankar is on a two-day visit to Iran following the US-UK forces’ attack on Houthi military positions and the minister’s discussion with US Secretary of State Antony Blinken.

In an update on Monday, Jaishankar said on X that he began his engagements in Tehran by meeting Minister of Roads and Urban Development Mehrdad Bazrpash.

“Detailed and productive discussion on establishing a long-term cooperation framework with respect to Chabahar port. Also exchanged views on the International North-South Transport Corridor,” he added.

India has been pushing for the Chabahar port project to boost regional trade, especially for its connectivity to Afghanistan since 2016, when the sub-continent signed a tripartite agreement with Iran and the now Taliban-led nation to develop the terminal.

External Affairs Minister S Jaishankar projected the Chabahar port as a key regional transit hub, including to Afghanistan, at a connectivity conference in Tashkent in 2021. In November 2023, Foreign Secretary Vinay Kwatra discussed with Iranian Foreign Minister Hossein Amir-Abdollahian ways to boost connectivity through strategic Chabahar port and the current situation in West Asia arising out of the Hamas-Israel conflict.

The Chabahar port is also seen as a key hub for the INSTC project.

The International North-South Transport Corridor (INSTC) is a 7,200-km-long multi-mode transport project for moving freight among India, Iran, Afghanistan, Armenia, Azerbaijan, Russia, Central Asia and Europe.

India had pledged to invest $85 million in the terminal and has already provided cranes and other equipment worth a few million dollars.


Source link