Current Affairs

Indian Firm Takes Over Operations of Strategic Iranian Port Chabahar

India Ports Global Private Limited has opened its office and took over operations at the Shaheed Behesti port at Chabahar, Iran.
Indian Firm Takes Over Operations of Strategic Iranian Port Chabahar
  • It happened during the occasion of the first meeting of the follow-up committee for implementation of the trilateral Chabahar agreement between India, Afghanistan and Iran.

Outcomes of the Trilateral Meet:

  • There was consensus on the routes for the trade and transit corridors between the three countries.
  • It was agreed to finalise the protocol to harmonise transit, roads, customs, and consular matters at the earliest.
  • It was agreed to allow cargo movement at Chabahar using Transports Internationaux Routiers Convention provisions.
  • Holding an event to promote and popularise the potential of Chabahar on February 26, 2019.
  • Constituting a study to determine measures to make the route attractive, decrease logistic costs and pave the way for smooth operationalisation of the Chabahar Agreement.

What is Internationaux Routiers Convention?

  • It is a multilateral treaty which aims to simplify and harmonise the administrative formalities of international road transport.
  • It was concluded in Geneva on 14 November 1975. India is a party to the treaty.

Importance of Chabahar Port:

  • Chabahar port in the Sistan-Balochistan province of Iran's southern coast and is easily accessible from India's western coast and is increasingly seen as a counter to Pakistan's Gwadar Port, which is being developed with Chinese investment and is located at a distance of around 80 km from Chabahar.
  • Chabahar Port has the potential to be a gateway for golden opportunities for trade by India, Iran and Afghanistan with Central Asian countries besides ramping up trade among the three countries since Pakistan denies transit access to India.

About India Ports Global Private Limited:

  • India Ports Global Private Limited is a private registered company and classified as a Union Government Company. 
  • It is involved in Sea and Coastal Water.

Question:

Q. Which Indian company has opened its office and took over operations at the Shaheed Behesti port at Chabahar, Iran?
a. Bharat Ports Global Private Limited
b. India Ports Global Private Limited
c. Hindustan Ports Global Private Limited
d. None of the above
Indian Firm Takes Over Operations of Strategic Iranian Port Chabahar Indian Firm Takes Over Operations of Strategic Iranian Port Chabahar Reviewed by Inderjeet Virdi on December 28, 2018 Rating: 5

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