Centre looks to close Chabahar port negotiations by end of FY23

With the international framework broadly agreed on, talks pick up the pace

After having resolved most issues plaguing the crucial international deal, India and Iran have expedited negotiations on the long-term agreement for the usage of the strategic Chabahar Port, with the former targeting a March 2023 deadline for the conclusion of talks, Business Standard has learnt.

The Shahid Beheshti Terminal at the Iranian port is a project of significant importance for India which recently gained prominence in the country’s foreign policy negotiations after the Russia-Ukraine war. Many central and south-east Asian countries look at the International North-South Transport Corridor (INSTC) for trade with Russia, India, and Europe.

The corridor, understood to