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Chabahar port UPSC NOTE


  • India and Iran Sign 10-Year Agreement for Chabahar Port Operations

  • Agreement Signed: Indian Ports Global Ltd (IPGL) and Port and Maritime Organisation of Iran (PMO) signed a 10-year contract to operate the Shahid-Behesti terminal at Chabahar port.


  • India to invest $120 million in port equipment.

  • India offers a $250 million credit line for Chabahar-related infrastructure projects.

  • Signatories: The agreement was signed in the presence of relevant ministers from both countries.

  • Background:

  • MoU for Chabahar port development signed in May 2015.

  • Contract awarded in May 2016 during PM Modi's visit to Iran.

  • Significance:

  • Seen as a historic moment for maritime cooperation.

  • Expected to boost trade between India, Iran, and Afghanistan.

  • Enhances India's commitment to regional economic development.

  • Provides a vital trade route for India to Afghanistan and Central Asia.

  • India can use the port for humanitarian aid shipments.

  • Additional Notes:

  • Chabahar is a deep-water port in Iran's Sistan-Baluchistan province.



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Learnerz IAS | Concept oriented UPSC Classes in Malayalam: Chabahar port UPSC NOTE
Chabahar port UPSC NOTE
Learnerz IAS | Concept oriented UPSC Classes in Malayalam
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