Chabahar Port
Context:
Afghanistan has begun exporting goods to India for the first time through Iran’s Chabahar port, bypassing the Pakistan route. Twenty-three trucks with dried fruits, textiles, carpets and mineral products were dispatched from the western Afghan city of Zaranj to Chabahar in Iran.
Chabahar port is the result of healthy cooperation between India, Iran and Afghanistan this will ensure economic growth. The Iranian port provides easy access to the sea to Afghanistan and India has helped developed this route to allow both countries to engage in trade bypassing Pakistan.
Iran is due to handover the strategic Chabahar port to Indian company soon.
Earlier India and Iran had signed an agreement. Under this agreement, India is to equip and operate two berths in ChabaharPort.
Phase-I with capital investment of $85.21 million and annual revenue expenditure of $22.95 million on a 10-year lease.
The Chabahar port is located in Gulf of Oman (in the Sistan-Balochistan province of Iran) and is easily accessible fromIndia‘s western coast.
Importance of Chahbahar Port for India
India took operational control of a portion of the Iranian port late last year for 18 months and plans to send cargo ships from its ports of Mumbai, Kandla and Mundra every two weeks.
The United States also last year waived off certain anti-Iran sanctions (CAATSA Act) to allow the development of Chabahar to support efforts aimed at stabilising Afghanistan.
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