The trilateral engagement between India, Iran and Afghanistan during the visit of Prime Minister Narendra Modi to Iran in May 2016 expanded avenues of trade for India with Iran, Afghanistan, Central Asia and Russia through the International North South Transportation Corridor (INSTC). Chabahar, Iran’s only oceanic port, consists of two separate ports named ‘Shahid Kalantari’ and ‘Shahid Beheshti’ — each of which have five berths.
India and Iran first agreed upon plans to further develop ‘Shahid Beheshti’ port in 2003, but India was deterred by sanctions against Iran. Under the India-Iran agreement of May 2016, India is to refurbish one of the berths at ‘Shahid Beheshti’, and reconstruct a 600-metre-long container handling facility at the port. The bilateral agreement between India and Iran gives India the right to develop two berths of Chabahar as agreed in 2015, allowing them to be operated for 10 years by India Ports Global — a joint venture between Jawaharlal Nehru Port Trust and Kandla Port Trust, in partnership with Iran’s Aria Banader. Read More…
Credit By : First Post
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