The ₹4,000 Crore Gateway: How Chabahar Port Will Change India's Trade Landscape

India is looking at a major scale-up of operations at Iran's strategic port of Chabahar, for which a projected capital outlay of ₹4,000 crore has been approved. The investment will raise the capacity of the port and also help raise trade with Central Asia and Afghanistan. The initiative came after Indian Ports Global Ltd. (IPGL) recently entered into a 10-year operating agreement with Iran's Ports and Maritime Organisation for the Shahid Beheshti terminal. Chabahar Port is essential to India's connectivity policy, providing a straight path to landlocked areas by avoiding Pakistan. The expansion supports India's larger vision for the International North-South Transport Corridor (INSTC).

 

Sources: Economic Times, PIB, Khanglobalstudies