CURRENT AFFAIRS

Detailed explanation-1: -Beyond fuelling commerce and connectivity, Iran’s Chabahar port, which India has helped develop, will enhance India’s influence in Central and West Asia.

Detailed explanation-2: -India is expanding its maritime partnership with Iran alongside the recent moves to boosting infrastructure in the strategically located Chabahar Port.

Detailed explanation-3: -The corridor has led to a massive increase in India-Russia trade this year. Iran’s Deputy Foreign Minister Ali Bagheri Kani has said that the development of Chabahar Port is important for the completion of the International North South Transit Corridor (INSTC).

Detailed explanation-4: -However, India’s trade with Afghanistan and Central Asia has long been hindered by an inability to access land routes through Pakistan. The development of Iran’s new port at Chabahar has transformed India’s trading prospects by allowing India a trade route bypassing Pakistan altogether.

Detailed explanation-5: -It will be the gateway to the International North-South Transport Corridor which is a combination of road, rail and sea routes connecting Russia, Europe, Central Asia, Iran and India. India can carry out humanitarian operations from this port if the necessity arises.