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

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

Iraq Draws a Line With Trump

Iraqi Prime Minister Ali al-Zaidi has told US President Donald Trump that Baghdad will not allow its territory to be used to launch attacks against neighbouring countries, as the government seeks to

China’s Climate Crisis Threatens South Asia

China accounts for nearly 33 per cent of global greenhouse gas emissions, raising concerns over the climate risks facing vulnerable neighbours such as Nepal, Bhutan and Bangladesh….reports Asian Lite News Desk China’s

Escape plans for the rich, despair for Pakistan’s poor

Pakistan’s ruling elite is allegedly securing overseas escape routes as millions struggle with poverty, hunger and economic uncertainty….reports Asian Lite News Desk Pakistan’s ruling elite is preparing to secure its escape abroad

Taliban Opens Doors, World Holds Back

Several countries are expanding diplomatic engagement with Afghanistan’s Taliban authorities through non-resident ambassadors and special representatives…reports Asian Lite News Desk Diplomatic outreach to Afghanistan’s Taliban authorities has continued to grow, with several

Bangladesh Faces Global Outrage Over Garment Worker Crackdown

International rights organisations have condemned alleged police violence against garment workers protesting for higher wages in Bangladesh….reports Asian Lite News Desk International human rights organisations have condemned the alleged violence and police
Go toTop

Don't Miss

India Faces Health Crisis Amid Economic Growth

The demographics who are being affected by lifestyle diseases are

R-DAY: India Displays Indigenous Weapons Systems

Only Made-in-India weapon systems were showcased during this year’s Republic