India is investing Rs 40 billion to expand Iran’s Chabahar Port, aiming to boost capacity to 500,000 TEUs over the next decade. The plan includes mobile harbour cranes, a second berth, and modernisation efforts by India Ports Global Ltd (IPGL) to attract Indian shipping lines. Chabahar, a key hub in the International North-South Transport Corridor (INSTC), has seen a 43 per cent rise in vessel traffic and 34 per cent growth in container volumes. India’s commitment includes a $120 million grant and $250 million Line of Credit, reinforcing its strategic maritime presence in the region.

Contact: India Ports Global Ltd (IPGL)

Website: www.ipgl.co.in

Email: indiaportsglobal@gmail.com