India’s government was announced to have set aside USD 21 million in this 2019’s budget as expenditure for the Iranian southeastern port of Chabahar growth. In October 2018, Iran, India and Afghanistan inked an agreement on transit of goods via Chabahar.
Specifically, as Financial Express stated concerning Chabahar port, New Delhi’s key connectivity plan with Afghanistan and central Asia didn’t have any changes from the previous year at Rs 150 crore.
The agreement was signed in Tehran during the first meeting of coordination council of agreement on the establishment of an international transport and transit corridor among Iran, India and Afghanistan.
These three countries had signed a trilateral transit agreement in Tehran in May 2016, which allows them open new routes to connect among themselves via converting Chabahar Port into a transit hub bypassing Pakistan.
In general, Chabahar port registered high volumes in container loading and unloading.
Chabahas is considered to be a corridor to advance Afghanistan’s economy.
