Iran and India Reach Final Agreement on Chabahar Port
PORTS & SHIPPING

Iran and India Reach Final Agreement on Chabahar Port

Iran has officially announced the successful conclusion of a final agreement with India regarding the development and operation of the strategically significant Chabahar Port. This milestone agreement signifies a deepening collaboration between the two nations in the maritime domain, opening avenues for increased trade and connectivity.

The Chabahar Port, located on the southeastern coast of Iran, holds immense geopolitical and economic importance. The finalised agreement is expected to pave the way for enhanced maritime trade, providing India with crucial access to Central Asia and Afghanistan through a more efficient and strategically positioned port.

The collaboration on Chabahar Port exemplifies the strong diplomatic and economic ties between Iran and India, fostering mutual interests in regional stability and economic development. This development is poised to bolster both nations' roles in the evolving landscape of international trade and connectivity, contributing to the broader framework of regional cooperation and economic integration.

Iran has officially announced the successful conclusion of a final agreement with India regarding the development and operation of the strategically significant Chabahar Port. This milestone agreement signifies a deepening collaboration between the two nations in the maritime domain, opening avenues for increased trade and connectivity. The Chabahar Port, located on the southeastern coast of Iran, holds immense geopolitical and economic importance. The finalised agreement is expected to pave the way for enhanced maritime trade, providing India with crucial access to Central Asia and Afghanistan through a more efficient and strategically positioned port. The collaboration on Chabahar Port exemplifies the strong diplomatic and economic ties between Iran and India, fostering mutual interests in regional stability and economic development. This development is poised to bolster both nations' roles in the evolving landscape of international trade and connectivity, contributing to the broader framework of regional cooperation and economic integration.

Next Story
Building Material

Ambuja Cements Drags JSW Cement to Court Over ‘Kawach’ Brand

Ambuja Cements, part of the Adani Group, has filed a trademark infringement case against JSW Cement in the Delhi High Court, alleging that its rival copied the ‘Kawach’ brand with its new product ‘Jal Kavach’.Justice Manmeet Pritam Singh Arora issued summons to JSW Cement and its subsidiary, JSW IP Holdings Pvt Ltd, while referring the matter to mediation. Hearings are scheduled to resume on October 15 if no settlement is reached.Ambuja, which registered the ‘Kawach’ trademark in 2019, argues that the term ‘Kavach’—meaning shield—is the distinctive feature of its branding. ..

Next Story
Technology

Bentley Systems Named Innovation Partner of the Year 2025 by Afcons

Bentley Systems, the infrastructure engineering software company, has been recognised by Afcons Infrastructure Limited as its Innovation Partner of the Year 2025 at the Innovation Partners 2025 Felicitation Ceremony in Mumbai. The award acknowledges Bentley’s contribution to Afcons’ engineering digitalisation journey through an enterprise agreement providing access to over 250 Bentley engineering software tools. This adoption has enabled Afcons to accelerate project delivery, standardise digital workflows, and strengthen innovation across its infrastructure portfolio. Among key i..

Next Story
Infrastructure Urban

SBI Sells 13.18% Stake in Yes Bank to Japan’s SMBC

State Bank of India (SBI) has completed the sale of a 13.18 per cent stake in Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for over Rs 8,889 crore. The divestment is part of a Rs 13,482 crore deal finalised in May with SMBC and seven private banks.Following the transaction, SBI’s shareholding in Yes Bank stands at 10.8 per cent. The deal, involving 4,134.4 million shares at Rs 21.50 each, is the largest cross-border transaction in the Indian banking sector.SBI Chairman C S Setty described the 2020 RBI-led rescue of Yes Bank as a pioneering public-private partnership, addi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?