Context: Recently, India and Iran signed a 10-year contract for the operation of the Chabahar port, eight years after finalizing the general cooperation framework.
Chabahar Port
o Its geographic proximity to countries such as Afghanistan, Pakistan, and India, as well as its status as a key transit centre on the burgeoning International North-South Transport Corridor (INSTC), gives it the potential to develop into one of the most important commercial hubs in the region.
Significance Of The Port