Tehran seeks Delhi’s assistance in the project which will change the “geo-economy” of region
India wants Chabahar port to be included in the 13-nation International North South Transport Corridor that extends from India to Russia, and expand INSTC membership by including Afghanistan and Uzbekistan, said External Affairs Minister S. Jaishankar and Ports and Shipping Minister Mansukh Mandaviya on Thursday.
Pitching for Chabahar in the INSTC which goes via Iran’s biggest port Bandar Abbas, Mr. Jaishankar proposed that the land route via Kabul and Tashkent would form the INSTC’s “Eastern corridor”.
“Establishing an eastern corridor through Afghanistan would maximise its potential. India has also proposed the inclusion of Chabahar in the INSTC route. I am hopeful that during the INSTC Coordination Council meeting, member states would agree to the expansion of the INSTC route to include the Chabahar Port and also agree on expanding the membership of this project,” Mr
India proposes inclusion of Chabahar Port in INSTC multi-lateral corridor project ANI | Updated: Mar 04, 2021 17:07 IST
Dhaka [Bangladesh], March 4 (ANI): External Affairs Minister (EAM) S Jaishankar on Thursday proposed the inclusion of Iran s Chabahar Port in the International North-South Transport Corridor (INSTC) and invited Uzbekistan and Afghanistan to join the multi-lateral corridor project.
Addressing the virtual Chabahar Day event organised on the margins of the Maritime India Summit 2021, Jaishankar said, INSTC is an important trade-corridor project, wherein India is partnering with 13 countries to establish the economic-corridor for the benefit of our peoples. We also welcome the interest of Uzbekistan and Afghanistan to join the multi-lateral corridor project. Establishing an Eastern Corridor through Afghanistan will maximize its potential.
Centre s 3 mantaras for infrastructure sector are upgrade, create and dedicate: Piyush Goyal ANI | Updated: Mar 03, 2021 20:14 IST
New Delhi [India], March 3 (ANI): Union Minister Piyush Goyal on Wednesday said the Central government has three mantaras for the infrastructure sector, which is upgrade, create and dedicate.
Goyal, who was speaking at the Maritime India Summit 2021, mentioned that India s capacity of major ports has almost doubled in six years. We have developed smart cities and industrial parks and integrated ports with the coastal economic zones. Our government s three mantras for the infrastructure sector are: upgrade, create and dedicate, he said. International and domestic freight costs will reduce from 13-14 per cent cost of goods to a more acceptable international benchmark of 8 per cent, he said.
The Prime Minister said that the capacity of major ports which was around 870 million tonnes per annum in 2014, has increased to around 1550 million tonnes annually now