CHABAHAR PORT

-



      India has invested heavily in Iran particularly at the Chabahar Port, seen as a gateway for the Indian goods to reach the Gulf and Europe without going via Pakistan. New Delhi also views the port as an important way to counteract the Gwadar Port in Pakistan which is being developed with the help of Chinese assistant in Pakistan.
      The port is being developed by the government owned company, Indian Ports Global Ltd, although private companies are expected to bid for the subcontracts for the development of this port. New Delhi has said it will allow them to do so in Rupees, bypassing the US sanctions.



     A spokesperson for the Indian Government said, “India has always maintained that the Iranian nuclear issue should be peacefully resolved through dialogue and diplomacy by respecting Iran’s right for peaceful use of the nuclear energy.”


     From Chabahar Port and using it for trade with Afghanistan and Central Asia has long been New Delhi’s way of bypassing Pakistan which doesnot allow Indian goods to pass through its territories. From Chabahar , the existing Iranian road network links Zaranj in Afghanistan about 883 km from the port. The Zaranj Delam road constructed by India in 2009 can give access to several major towns inside Afghanistan like Herat, Kandahar, Kabul and Mazar e Sharif .However  with the US sanctions expected to hit Iran hard, Chahabar’s transition to bustling Trade and transport hub will remain unfulfilled for a while. The port will cut the transport of the Indian goods to the region by one-third.
    Indian investment in the Phase-I of the Chahabar Port is around USD 200 million, including USD 150 million from the EXIM bank. Iran had offered India to operate the Phase I of the port until the second Phase of the port is being built. 


    This port when functional to the full extent will not only boost India’s trade and commerce in the region but also will help in improving the connectivity in the region.

Comments

Post a Comment

Popular posts from this blog

POSITIVE IMPACT OF CORONAVIRUS

-
Image
Some of the Positive impact of Covid 19 in our society are as following :- ·         It has brought people from different communities & faith close to one another to serve humanity ·         It has rechristened the concept of   “Ghar Wapsi”, as people are returning to their native places to be with their near and dear ones at this time of crisis. ·         Have developed and nurtured the concept of “ Work from Home”. ·         Has reduced the pollution level and traffic jams in many metropolitan cities. ·         Made people more  health conscious than ever before. ·         Countries are now working closely with one another to develop vaccines for this epidemic rather than talking with each other on economic, trade and defence frontie...
Read more

FMCD SECTOR - A BOOMING INDIAN SECTOR.

-
Image
        India's FMCD sector is one of the largest economic and industrial sector in the country and are playing an important role in the growth and development of the world's largest democracy. v   India is one of the largest and the fastest growing FMCD markets in the world. v   India’s FMCD market reached USD 31.48 Billion Dollars in 2017. v   The FMCD market is expected to grow at 41 per cent CAGR between 2017-20 to reach US$ 400 billion. v   The consumer durables sector in India is expected to grow 8.5 per cent in 2018-19. v   Such growth can be attributed to the rise in India’s middle class, increase in rural electrification, change in the lifestyles of the Indians, 100 percent FDI in the electronics hardware-manufacturing sector under the automatic route. v   Consumer electronics exports from India reached USD 362.12 million in FY18. v   The market consists of two types of goods. First is the Brown goods. It...
Read more

THE INDIAN ARTHASATRA

-
Image
                     In a developing economy, the question is not how to trigger the economic growth in the graph chart but how to make smart choices that will drive the growth with consistency and momentum. India is the world’s six largest economy, and in few years down the line it is poised to become the fifth largest economy in the world. Many economists and researchers believe that we can be the third largest economy in the world by 2050, to be only behind China and the US.             With a GDP of 6.75 percent in the fiscal year 2017-18 and with a predicted GDP of 7 to 7.5 percent in the fiscal year 2019, we can claim ourselves to be the fastest growing economy in the world, especially at a time when trade wars, currency wars, sanctions and conflicts around the world are crippling the world economy. If we look at the international scenario, in which the Chinese economy is slowing down, the ...
Read more