United States has exempted
India from imposition of certain sanctions for development of
strategically-located Chabahar port in Iran, along with construction of railway
line connecting it with landlocked Afghanistan. The decision comes after US
imposed toughest ever sanctions on Iran under Iran Freedom and Counter-Proliferation
Act, 2012.
Where
is Chabahar port located?
· Iran
Why
it is important for India?
· The Chabahar deal is an extremely important
strategic decision which would help India to get a transit route to Afghanistan
and further to Central Asian region and beyond.
· This 500 million $ investment would give India a
much wanted access to the region’s resources bypassing the land route via
hostile Pakistan.
· Secondly, this port is located very close (around
100kms) to Pakistan’s Gwadar Port, which has been developed by China.
· Therefore, a geo-strategic game is at play
between the two regional powerhouses (India and China) in the
region.
· Once the Chabahar port is developed, goods from
India will not only travel up to Afghanistan, but beyond, along the yet-to-be
developed International North-South Transport Corridor (INSTC) to Central Asia.
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