The government of India has been awarded a long-term bilateral contract under which it will develop and operate Chabahar Port in Iran for 10 years.
The port is located on Iran's south-western coast and has access to India's west coast via the Gulf of Oman. It also forms a link in the International North-South Transport Corridor.
Sarbananda Sonowal, Indian Minister of Ports, Shipping and Waterways, said that India's operation of Chabahar Port will be a key factor in providing humanitarian aid in addition to serving as an alternate trade route to India for Iran, Afghanistan, Eurasia, and Central Asian Republics.
India already had prior development works completed at the port. These include the construction of new berths and terminals in 2016 following the easing of US sanctions on Tehran.