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The Hindu
The Hindu
National
PTI

India, Iran sign long term bilateral contract on Chabahar Port operation

India Iran Chabahar Chabahar Port Sarbananda Sonowal Afghanistan INSTC

India and Iran on May 13 signed a 10-year contract for the operation of a terminal at the strategically important Chabahar port in Iran, a move that will boost regional connectivity as well as trade ties.

This is the first time India will take over the management of an overseas port that will also have a multiplier effect on trade among India, Iran and Afghanistan as efforts continue to directly tap the potential in Central Asia, bypassing neighbouring Pakistan.

Also read | India and Iran drop foreign arbitration clause in Chabahar port issue

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