In May 2024, India signed a 10 year contract with _____ for the operation of Chabahar Port.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2: Iran.
Explanation:
- In May 2024, India signed a historic 10-year long-term contract with Iran for the operation of the Chabahar Port. This agreement is of immense significance for India's regional connectivity and strategic outreach.
- Signatories: This contract was signed between India Ports Global Limited (IPGL), representing India, and Iran's Ports and Maritime Organization (PMO).
- Strategic Importance: The Chabahar Port provides India with an alternative sea-land route to access Afghanistan and Central Asian nations, thereby bypassing Pakistan.
- Institutional Route: It constitutes a key component of the International North-South Transport Corridor (INSTC), which aims to make trade between India and Russia more efficient and cost-effective.
Key Points Regarding Chabahar Port:
- Location: It is situated on the coast of the Gulf of Oman in Iran's Sistan and Baluchestan province.
- India's Investment: India is actively involved in the development of the Shahid Beheshti Terminal at this port and has planned an investment of approximately $120 million for its infrastructure.
- Counter to China's Gwadar Port: Strategically, it is viewed as a counter to the Gwadar Port developed by China in Pakistan.
Important Questions for Upcoming Examinations:
Question: On the coast of which Gulf is the Chabahar Port located?
Answer: The Gulf of Oman.
Question: Which Indian company has signed the contract for the operation of the Chabahar Port?
Answer: India Ports Global Limited (IPGL).
Question: Which of India's neighboring countries does the Chabahar Port allow India to bypass in order to access Central Asia?
Answer: Pakistan.