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Home Foreign Affairs

Inclusion of Chabahar port in the INSTC route

March 5, 2021
in Foreign Affairs
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Inclusion of Chabahar port in the INSTC route
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In news : Recently, India proposed  inclusion of Chabahar port in the International North South Transport Corridor (INSTC) route

Key updates

  • It was proposed during the ‘Chabahar Day’ at the Maritime India Summit
  • It reflects India’s strong commitment to enhancing regional connectivity.
  • During the event, External Affairs Minister said that the Chabahar port has not only emerged as a commercial transit hub for the region but also facilitated delivery of humanitarian assistance, especially during the COVID-19 pandemic.

International North South Transport Corridor (INSTC) route

  • The INSTC is a key trade corridor project, wherein India is partnering with 12 countries to establish an economic corridor

  • The Corridor is a 7,200-km multi-mode transport project to move freight among India, Iran, Afghanistan, Armenia, Azerbaijan, Russia, Central Asia and Europe.
  • The route primarily involves moving freight from India, Iran, Azerbaijan and Russia via ship, rail and road
  • The primary objective of the NSTC project is to reduce costs in terms of time and money over the traditional route currently being used
  • The corridor also aims to increase trade connectivity between major cities such as Mumbai, Moscow, Tehran, Baku, Bandar Abbas, Astrakhan, Bandar Anzali, etc

Chabahar port

  • It is a seaport in Chabahar located in southeastern Iran, on the Gulf of Oman. 
  • It serves as Iran’s only oceanic port, and consists of two separate ports named Shahid Kalantari and Shahid Beheshti,
  • The location of the Chabahar port has strategic advantage and high potential to provide connectivity among India, Iran, Afghanistan, Uzbekistan and other Commonwealth of Independent States countries, and boost trade.
  • Chabahar Port also provides direct access to India’s Farkhor Air Base in Tajikistan. Chabahar route will result in 60% reduction in shipment costs and 50% reduction in shipment time from India to Central Asia.
  • In 2016, India signed a deal with Iran entailing $8 billion investment in Chabahar port and industries in Chabar Special Economic Zone, including an aluminium smelter and a urea making facility, at Chabahar port is being developed was a transit route to Afghanistan and central Asia
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Source: Indian Express
Tags: News PaperPrelims

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