Current Affairs Telugu Daily

First Phase of Chabahar port inaugurated by Iran
The first phase of the Shahid Beheshti Port in the Sistan-Baluchestan province inaugurated by Iranian President Hassan Rouhani on 03rd December.
Significance:
  1. Construction of the Chabahar port in Iran will contribute to regional trade
  2. It helps to bilateral and regional trade and economic development and also provide alternate access to landlocked Afghanistan to regional and global markets,
  3. This port is seen as an important route for India and Afghanistan to bypass obstacles posed by Pakistan for trade on the direct route.
  4. It is also seen as a feeder port to the International North-South Transport Corridor (INSTC) to Russia as well as the land route to Central Asia.
  5. It is also seen as a rival to the Chinese-built Gwadar port of Pakistan, about 80 km away, which is a critical link in China’s Belt and Road Initiative (BRI) and China-Pakistan Economic Corridor.
Bilateral issues between India and Iran:
The future progress of Chabahar
India’s bid for the Farzad-B oil and gas fields.
Fact sheet:
This port located in the Gulf of Oman

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