PM Modi in Iran: Why Chabahar port is important for India
The signing of agreement on development of Chabahar port is high on Prime Minister Narendra Modi's agenda as he looks to
strengthen trade, investment and energy ties with Iran during his two-day visit. PM Modi is expected to sign commercial
contract for Chabahar Phase-1. Here's why this strategic port is important for India
1. Chabahar port will help India bypass Pakistan
Chabahar is a port in south east Iran that will enable India to bypass Pakistan and open up a route to land-locked
Afghanistan with which New Delhi has close security ties and economic interests.
2. The port will cut transport costs/time for Indian goods by a third.
3. Iran plans to turn the Chabahar port into a transit hub for immediate access to markets in the northern part of the Indian
Ocean and in Central Asia.
4. India is one of a handful of countries that continued trade links with Iran despite it being isolated by Western countries
against its disputed nuclear programme. New Delhi is Tehran's second-biggest oil client after Beijing.
5.Chabahar port, located in the Sistan-Baluchistan Province on Iran's southern coast, is of great strategic utility for
India.
6. It will set up India's road access to four cities in Afghanistan
From Chabahar, the existing Iranian road network can link up to Zaranj in Afghanistan, about 883 kms from the port. The
Zaranj-Delaram road constructed by India in 2009 can give access to Afghanistan's Garland Highway, setting up road access to
four major cities in Afghanistan -- Herat, Kandahar, Kabul and Mazar-e-Sharif.
7. The port project will be the first overseas venture for an Indian state-owned port. India and Iran had in 2003 agreed to
develop Chabahar on the Gulf of Oman outside the Strait of Hormuz, near Iran's border with Pakistan.
8. The project moved slowly because of western sanctions against Iran. The sanctions were lifted in January and since then,
India has been pushing for conclusion of an agreement.
9. About a fifth of the oil consumed worldwide each day passes through the Strait, a shipping choke point that separates the
Persian Gulf from the Gulf of Oman and Indian Ocean.
10. Indian investment in phase-1 will be in excess of $200 million, including $150 million line of credit from Exim Bank, an
agreement for which would also be signed during the visit.
strengthen trade, investment and energy ties with Iran during his two-day visit. PM Modi is expected to sign commercial
contract for Chabahar Phase-1. Here's why this strategic port is important for India
1. Chabahar port will help India bypass Pakistan
Chabahar is a port in south east Iran that will enable India to bypass Pakistan and open up a route to land-locked
Afghanistan with which New Delhi has close security ties and economic interests.
2. The port will cut transport costs/time for Indian goods by a third.
3. Iran plans to turn the Chabahar port into a transit hub for immediate access to markets in the northern part of the Indian
Ocean and in Central Asia.
4. India is one of a handful of countries that continued trade links with Iran despite it being isolated by Western countries
against its disputed nuclear programme. New Delhi is Tehran's second-biggest oil client after Beijing.
5.Chabahar port, located in the Sistan-Baluchistan Province on Iran's southern coast, is of great strategic utility for
India.
6. It will set up India's road access to four cities in Afghanistan
From Chabahar, the existing Iranian road network can link up to Zaranj in Afghanistan, about 883 kms from the port. The
Zaranj-Delaram road constructed by India in 2009 can give access to Afghanistan's Garland Highway, setting up road access to
four major cities in Afghanistan -- Herat, Kandahar, Kabul and Mazar-e-Sharif.
7. The port project will be the first overseas venture for an Indian state-owned port. India and Iran had in 2003 agreed to
develop Chabahar on the Gulf of Oman outside the Strait of Hormuz, near Iran's border with Pakistan.
8. The project moved slowly because of western sanctions against Iran. The sanctions were lifted in January and since then,
India has been pushing for conclusion of an agreement.
9. About a fifth of the oil consumed worldwide each day passes through the Strait, a shipping choke point that separates the
Persian Gulf from the Gulf of Oman and Indian Ocean.
10. Indian investment in phase-1 will be in excess of $200 million, including $150 million line of credit from Exim Bank, an
agreement for which would also be signed during the visit.
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