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 today. INSTC (International North-South Transport Corridor) is India’s vision and initiative to reduce the time taken for EXIM shipments to reach Russia, Europe, and enter the central Asian markets. The Chabahar Port located in Iran is the commercial transit centre for the region and especially Central Asia.
Connectivity With the Central Asian Countries Remains a Key Priority for India: President
Shri Sarbanand Sonwal in his address stated that Our vision is to make Shahid Beheshti Port at Chabahar a transit hub and link it to INSTC to reach out to Central Asian Countries. He said we look forward to businesses and logistics companies utilizing the incentives of the Shahid Beheshti Port and Chabahar Free Trade Zone. We urge all the representatives and stakeholders to come forward with suggestions to reduce the transportation time and cost further to make a cheaper, shorter, faster and more reliable route from India to Iran and Central Asia, he added.
During the event, the delegates from the Central Asian countries highlighted how Chabahar link with INSTC can play a vital role in boosting EXIM trade in their regions and its potential to further boost development in the landlocked countries. During the day-long event, several presentations and Government to Business sessions took place.