India and Iran Forge Long-term Partnership

16 May 2024 CW Team

India and Iran have cemented their strategic partnership with the signing of a long-term contract aimed at developing the Chabahar Port. This significant agreement underscores the mutual commitment of both nations towards enhancing regional connectivity and bolstering economic cooperation.

The Chabahar Port, located in southeastern Iran, holds immense geostrategic importance due to its proximity to the Indian Ocean and its potential to serve as a gateway to Afghanistan, Central Asia, and beyond. By investing in the development of this port, India aims to establish a vital maritime link that bypasses Pakistan, facilitating smoother trade routes and reducing dependency on traditional transit corridors.

This collaboration is poised to bring substantial benefits to both countries. For India, Chabahar offers a strategic foothold in the region, providing access to Central Asian markets and enabling the transportation of goods more efficiently. Furthermore, the port serves as a crucial component of India's broader vision of the International North-South Transport Corridor (INSTC), which seeks to streamline trade routes between South Asia, Central Asia, and Europe.

In addition to its economic significance, the Chabahar Port holds geopolitical implications, particularly in the context of India's relations with Pakistan and China. By investing in Chabahar, India aims to counterbalance China's growing influence in the region, while also circumventing Pakistan's obstructionist policies towards Indian trade.

The agreement underscores the long-standing historical and cultural ties between India and Iran, reaffirming their commitment to deepening bilateral cooperation across various sectors. With the Chabahar Port poised to emerge as a key maritime hub, this partnership is poised to foster greater connectivity, trade, and prosperity for the region.

Infrastructure Energy

19 Sep 2025

J&K CM Rules Out Power Privatisation, Focuses on Sector Reform

Jammu and Kashmir Chief Minister Omar Abdullah has dismissed speculation regarding privatisation of electricity in the Union Territory, emphasising that his priority is to strengthen and reform the power sector.“We are not discussing privatisation. By reducing losses, improving billing efficiency, and enhancing revenue, there will be no need for it. My vision is to strengthen and reform the power sector in J&K,” Abdullah stated.He addressed the gathering at the 58th Engineers’ Day at SKICC on Monday evening, an event honouring Bharat Ratna Sir M Visvesvaraya for his pioneering contri..

Mumbai’s Sassoon Dock to Get Tech-Driven Modernisation with Finland

The Maharashtra government, in collaboration with Finland, will modernise Mumbai’s historic Sassoon Dock using advanced technology, state minister Nitesh Rane announced on Wednesday.Rane met a delegation of Finnish officials and representatives of Finnish companies at the dock to discuss strategic plans for upgrading the facility in south Mumbai, according to an official statement.Built in the 19th century, Sassoon Dock is one of Mumbai’s oldest and busiest fishing harbours. Operations currently exceed its original capacity, raising concerns over hygiene, odour, fish handling standards, an..

Agarwal Industrial Wins Rs 3.3 Billion IOCL Bitumen Tender

Agarwal Industrial Corporation rose 3.84 per cent to Rs 945.65 after announcing it had secured a prestigious tender from Indian Oil Corporation (IOCL) worth Rs 3.3 billion.In a regulatory filing during market hours, the company confirmed it had won the tender to supply Bulk Bitumen (VG-30 and VG-40 grades) to IOCL’s Kakinada locations.The firm quantity under the award totals around 60,500 tonnes across 11 parcels, while the optional quantity is approximately 33,000 tonnes across six parcels. This brings the total awarded quantity to roughly 93,500 tonnes. At current market prices, the firm o..