Indian Economy News

India, Iran sign bilateral seafarer pact amid Chabahar Port talks

  • IBEF
  • August 23, 2022

India and Iran signed a MoU on 22 August, 2022 to mutually recognise certificates of competency for unlimited voyages by seafarers from both countries, as discussions over the development of Chabahar Port pick up steam.

According to the ministry of ports, shipping, and waterways in India, the signing of the MoU aims to facilitate the mobility of seafarers from both nations.

Minister of ports, shipping, and waterways Mr. Sarbananda Sonowal is on a four-day visit to Iran in order to assess the development of the Shahid Behesti terminal of Chabahar Port, a critical component of the possibly game-changing International north-south transport corridor.

Once its potential is fully realised by connecting it to INSTC, Chabahar Port is expected to serve as India's entry point for trade with countries in Central Asia and Europe as well as enhanced involvement with Russia.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.