Reach Europe 20 days earlier and for 30% cheaper: How Chabahar port helps India expand its trade footprints globally
Synopsis
India’s pact with Iran to develop the Chabahar port will give a boost to the multimodal transportation network called the International North-South Transport Corridor, enabling exports from South Asia to reach Europe and Russia.
India signing a pact to equip and operate the Chabahar port in Iran should be music to the ears of domestic traders and exporters. This is because the port will also serve as a key node in the International North-South Transport Corridor (INSTC), a multimodal transportation network that aims to connect South Asia to Europe and Russia via Iran.The government says plans are underway to connect Chabahar to the INSTC, allowing Indian traders to
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