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Chabahar to be Key Regional Trade Region Linking Iran to the Indian Ocean

May 29, 2016

Significant Investment Opportunities

An annual conference of the Indian Ocean Rim Association or IORA has recently been held in the Chabahar Free Trade Zone with the presence of 21 countries. India’s Prime Minister Narendra Modi, Afghanistan’s President Ashraf Ghani, and Iran’s President Hassan Rouhani attended the event and signed a key agreement to develop the Iranian port of Chabahar in a way that trade would be accelerated between India and Afghanistan through Iran.

It is the second visit of an Indian Prime Minister to Iran in the past 15 years and it is of high significance with respect to removal of anti-Iran sanctions. Atal Bihari Vajpayee was the first Indian prime minister to visit Iran in 2001 after the 1979 Islamic Revolution. He met and conferred with Iranian top officials to expand Tehran-New Delhi economic, commercial, and political relations.

The two sides inked agreements for cooperation in the fields of energy, transportation, and industry.

The development is expected to open a new chapter for the Makran Shores project as the most significant transit port of the west of the Indian Ocean is to be Iran’s Chabahar.

Table of Contents

New Opportunities   
Makran Shores’ Geographic Position   
Biggest Oil Project   
Great Position of Chabahar Port   
Makran to be Main Route between India and Afghanistan   
Bright Future for Chabahar   
Further Cooperation between Indian and Iranian Industries   
Makran an Area for Competition of India and China   
Ship-Building Factory in Chabahar Port   
Steel and Petrochemical Industries in Makran   
Iran, India to Jointly Invest Farzad B   
Challenges Facing the Government to Develop Makran Projects   
Chabahar-Mashhad Railway   
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