India also pushed to connect the Chabahar port to the INSTC, which links India to Russia via Iran as part of its trade and business ties with the resource-rich region, on the occasion of Chabahar Day (Sunday).
On that occasion, Minister of Ports, Shipping and Waterways and Ayush, Sarbananda Sonowal, reaffirmed India’s commitment to unlocking trade potential with the Central Asian region through the use of Chabahar Port in Iran.
To mark “Chabahar Day”, the Ministry of Ports, Shipping and Waterways, together with Indian Ports Global Ltd (IPGL), which was formed to participate in the Shahid Behesthi Port at Chabahar development project, organized a conference in Mumbai on Sunday, at the Sonowal and Minister of State for Ports, Shipping and Waterways and Tourism Shripad Yesso Naik interacted with a senior diplomatic delegation from Central Asian countries.
Sonowal said, “Our vision is to make Chabahar Port a transit hub under the International North-South Transport Corridor (INSTC) to reach the CIS countries.” He said, “The idea of INSTC about the vibrant port of Shahid Beheshti in Chabahar in Iran is an idea to connect the two markets via a multimodal logistics corridor. This will rationalize our logistics costs, which will contribute to the volume of trade between the two regions.”
The Indian-funded Chabahar Port connects the rich Central Asian region to the South Asian markets. It has proved important for trade, economic cooperation and connecting people between the two regions. Due to the potential of Central Asian markets, India-led connectivity has provided Central Asian countries with safe and economically viable access to the Indian Ocean region. This link will not only provide connectivity but also drive investments that further support India’s cultural and political ties.
The Iran-based port will develop the transit and transportation potential of the Central Asian region and improve its logistics network.
“Pop culture scholar. Subtly charming beer specialist. Reader. Student. Devoted music advocate.”