A high level delegation from Central Asian region, on Sunday, joined India’s Minister for Ports, Shipping and Waterways, Sh. Sarbananda Sonowal to celebrate Chabahar Day in Mumbai. The day is celebrated to mark the beginning of International North South Transport Corridor (INSTC) – an Indian vision to economic movement of cargo between India and Central Asia. The Chabahar Port in Iran is the commercial transit center for the region and Central Asia. During the event, Sonowal said that India plans to leverage the Port to boost EXIM trade with Central Asia by unlocking its full potential. He also talked about multimodal connectivity between the Central Asia and India.
India is working towards developing an alternative vista with the Central Asian region in order to unlock the huge trade potential that belies this strong relationship India enjoys with the Central Asian countries. The idea of INSTC via the vibrant Shahid Beheshti Port at Chabahar in Iran is an idea to connect the two markets using a multimodal logistical corridor. This will rationalise our logistics cost which will contribute towards the trade volume between the two regions.Sarbananda Sonowal, Union Minister for Ports, Shipping and Waterways
The Chabahar Free Trade Zone is an opportunity for the logistics companies to reap allowing the trade to bloom. According to the Minister, the aforesaid route will help to reduce cost and time overruns by building an economical, faster and shorter route between India and Central Asia.
He urged the delegation to spread the word about the Chabahar Free Trade Zone into their respective business communities and make them aware about the huge business potential it holds within.
The visiting delegation included Ambassador, Republic of Kazakhstan; Ambassador, Kyrgyzstan; Ambassador Tajikistan; Ambassador, Turkmenistan; Ambassador, Uzbekistan; Deputy of Port and Economic Affairs of PMO & Consul General (CG), Afghanistan; Consul General, Islamic Republic of Iran.