Iran's Chabahar Port not only holds «great value» to landlocked Central Asian states but also «de-risks» commerce between India and Eurasia, Prime Minister Narendra Modi said on Thursday. External Affairs Minister S Jaishankar, who is in Astana to attend the SCO Summit, delivered Modi's remarks at the extended format meeting of the Shanghai Cooperation Organisation (SCO) Council of Heads of State here in the Kazakh capital.
He also said, «While standing resolute on challenges, it is equally important to actively and collaboratively explore avenues of progress. The current global debate is focused on creating new connectivity linkages that would better serve a rebalanced world.»
«If this is to gather serious momentum, it requires the joint efforts of many. It must also be respectful of the sovereignty and territorial integrity of states and be built on the foundation of non-discriminatory trade and transit rights to neighbours.»
«For the SCO extended family, we flag the progress made on Chabahar port recently through a long-term agreement between India and Iran. This not only holds great value to landlocked Central Asian states but also de-risks commerce between India and Eurasia,» he said.
The Chabahar port on the Gulf of Oman — which India proposed to develop way back in 2003 — will provide Indian goods with a gateway to reach landlocked Afghanistan and Central Asia using a road and rail project called the International North-South Transport Corridor, bypassing Pakistan.
US sanctions on Iran over its suspected