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India's Chabahar agreement: A gateway to Central Asian markets

15 Jun '24
21 min read
 	India's Chabahar agreement: A gateway to Central Asian markets
Pic: Adobe Stock

Insights

  • India's 10-year agreement to develop Iran's Chabahar port is pivotal for enhancing trade with Central Asia, bypassing Pakistan, and countering China's dominance.
  • The port supports the International North-South Transport Corridor (INSTC), connecting India to Europe via Iran and Russia, reducing transport time by 40 per cent and freight costs by 30 per cent.

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