India, Iran Ink 10-Year Chabahar Port Deal
PORTS & SHIPPING

India, Iran Ink 10-Year Chabahar Port Deal

India and Iran have finalised a ten-year agreement for the development and operation of the strategic Chabahar port following a breakthrough in sourcing equipment. This significant deal underscores the deepening economic and strategic ties between the two nations, facilitating enhanced connectivity and trade opportunities.

The pact for Chabahar port, located in southeastern Iran, is a crucial component of India's efforts to establish a robust maritime corridor connecting it to Central Asia and beyond. With the agreement in place, India aims to leverage Chabahar's strategic location to expand its trade footprint in the region and beyond.

The breakthrough in sourcing equipment for Chabahar port represents a major milestone in overcoming logistical challenges that had previously hindered progress. It paves the way for accelerated development and operationalization of the port, unlocking its full potential as a key trade gateway for India and the broader region.

The ten-year agreement encompasses various aspects of port development and operation, including infrastructure upgrades, cargo handling facilities, and logistical support services. It reflects the commitment of both India and Iran to harnessing the economic benefits of Chabahar port and promoting regional connectivity and development.

The Chabahar port pact holds strategic significance for India's maritime ambitions, offering an alternative route for trade and commerce bypassing Pakistan. It also strengthens India's role as a key player in the geopolitically significant region, fostering closer economic and strategic cooperation with Iran and other stakeholders in the Indo-Pacific.

India and Iran have finalised a ten-year agreement for the development and operation of the strategic Chabahar port following a breakthrough in sourcing equipment. This significant deal underscores the deepening economic and strategic ties between the two nations, facilitating enhanced connectivity and trade opportunities. The pact for Chabahar port, located in southeastern Iran, is a crucial component of India's efforts to establish a robust maritime corridor connecting it to Central Asia and beyond. With the agreement in place, India aims to leverage Chabahar's strategic location to expand its trade footprint in the region and beyond. The breakthrough in sourcing equipment for Chabahar port represents a major milestone in overcoming logistical challenges that had previously hindered progress. It paves the way for accelerated development and operationalization of the port, unlocking its full potential as a key trade gateway for India and the broader region. The ten-year agreement encompasses various aspects of port development and operation, including infrastructure upgrades, cargo handling facilities, and logistical support services. It reflects the commitment of both India and Iran to harnessing the economic benefits of Chabahar port and promoting regional connectivity and development. The Chabahar port pact holds strategic significance for India's maritime ambitions, offering an alternative route for trade and commerce bypassing Pakistan. It also strengthens India's role as a key player in the geopolitically significant region, fostering closer economic and strategic cooperation with Iran and other stakeholders in the Indo-Pacific.

Next Story
Infrastructure Energy

Samridh, CEID Launch High-Capacity Biogas Plant in Moradabad

Samridh Bioenergy has broken ground on a 12 TPD compressed biogas (CBG) plant in Moradabad, Uttar Pradesh, under the MNRE’s National Bioenergy Programme. Spread across 12 acres, the plant will process 270 tonne of organic waste daily and generate 30,000 cubic metre of biogas per day.CEID Consultants and Engineering Pvt Ltd has been appointed as the EPC contractor, responsible for the complete design, procurement, and construction of the plant. Equipped with four multi-feed digesters, the facility will accept a mix of press mud, cow dung, chicken litter, and vegetable waste, supporting contin..

Next Story
Real Estate

Delhi Micro-Markets Drive Up Housing Prices: Grihum Study

A new study by Grihum Housing Finance reveals that the rise of micro-markets across Delhi-NCR is fuelling real estate price appreciation, especially in the affordable housing segment. Key drivers include renewed post-pandemic interest, migration trends, and government schemes like PMAY.According to the study, over the past two decades, floor rates have risen 267 per cent, from Rs 1,500 per sq ft in 2005 to Rs 5,500 in 2024. In the same period, land rates surged 492 per cent, from Rs 1,300 to Rs 7,700 per sq ft. The sharp increase highlights strong capital appreciation in Delhi’s emerging loc..

Next Story
Resources

Covestro Develops PCR Polycarbonates from End-of-Life Headlamps

Materials manufacturer Covestro has launched post-consumer recycled (PCR) polycarbonates made from end-of-life automotive headlamps, in a move aimed at strengthening circularity in the auto industry. These TÜV Rheinland-certified grades, containing 50 per cent recycled content, are now commercially available for new automotive applications.Developed under a joint programme led by GIZ, with Volkswagen and NIO as key partners, the recycled material is currently being validated for use in future vehicle models.""This new line of polycarbonate represents a significant step in supporting the autom..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?