In May 2024, India signed a long-term agreement for the operation of Chabahar Port. What is the duration of this agreement?
Show answer & explanation
Correct answer: B
Explanation
Answer: 10 years
Explanation: In May 2024, India signed a 10-year long-term agreement with Iran for the operation and management of the Chabahar Port. This agreement allows India to further develop and operate the port, strengthening trade connectivity with Afghanistan, Central Asia, and beyond while bypassing Pakistan.
Additional Key Facts:
Chabahar Port is located in Sistan and Baluchestan province, Iran.
It is jointly developed by India, Iran, and Afghanistan.
Operated primarily through India Ports Global Limited (IPGL).
Provides India with strategic access to Central Asia via the International North-South Transport Corridor (INSTC).
Helps enhance regional trade and geopolitical influence.
Potential Exam-Oriented Questions & Answers:
Question: Why is Chabahar Port important for India?
Answer: It provides access to Central Asia and Afghanistan bypassing Pakistan.
Question: With which corridor is Chabahar Port linked?
Answer: International North-South Transport Corridor (INSTC).