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Mahesh

01/08/22 06:17 AM IST

‘Chabahar Day’

In News 
  • Ministry of Port, Shipping and Waterways (MoPSW) in association with India Ports Global observed ‘Chabahar Day’ to mark the Chabahar – Link to INSTC - Connecting Central Asian Markets in Mumbai recently. 
Chabahar Port 
  • It is located on the Gulf of Oman and is only 72 km away from the Gwadar port in Pakistan which has been developed by China.
  • The port serves as the only oceanic port of Iran and consists of two separate ports named Shahid Beheshti and Shahid Kalantari.
  • It is being considered a gateway to golden opportunities for trade by the three countries with other Central Asian countries in the wake of Pakistan denying transit access to India.
  • China is aggressively pursuing its own Belt and Road Initiative (BRI) under the One Belt One Road (OBOR) project. The port can also act as a counter to Pakistan’s Gwadar Port, which is being developed with Chinese investment.
INSTC 
  • The International North–South Transport Corridor (INSTC) is the ship, rail, and road route for moving freight between India, Russia, Iran, Europe and Central Asia. It is a not a new concept.
  • But the current INSTC project was initiated by Russia, India and Iran in September 2000 in St. Petersburg.
  • The agreement was signed on 16th May 2002.
  • The International North–South Transport Corridor (INSTC) is a multi-modal connectivity project establish transport networks (ship, rail, and road route) for moving freight between India, Russia, Iran, Europe and Central Asia.
  • INSTC would enhance accessibility to the land locked central Asian nations.
  • It is a not a new concept. This ancient route was used by European, Indian and many other foreign traders to reach out to the Central Asian markets. During the time of the Safavid dynasty, it is estimated that around 10,000 Indian traders were spread across the empire. (Safavids were one of the most significant ruling dynasties of Persia (modern Iran) from 1501 to 1736.)
Source- PIB 

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