India ,Iran 

India to sign a historic agreement with Iran, taking operational control of Chabahar Port for 10 years, marking a pivotal moment in regional connectivity and trade dynamics.

In a significant move amidst escalating geopolitical tensions, India is poised to sign an agreement with Iran to take over the management of the Chabahar Port for the next decade. The Economic Times reports that Shipping Minister Sarbananda Sonowal is slated to travel to Iran for the signing ceremony on Monday.

This development marks a historic milestone as it will be the first time India assumes operational control of a port beyond its borders. Chabahar Port holds strategic importance for India, serving as a crucial gateway to Afghanistan, Central Asia, and the wider Eurasian region. It is seen as a key counterbalance to Pakistan's Gwadar port and China's expansive Belt and Road Initiative.

The agreement comes at a crucial juncture, as India aims to bolster its connectivity with Afghanistan and Central Asia while reducing dependence on Pakistan. Plans are underway to integrate Chabahar Port with the International North South Transport Corridor (INSTC), offering India alternative trade routes amidst disruptions in the region.

The Ministry of External Affairs approved a proposal by India Ports Global in April to take charge of operations at Myanmar's Sittwe Port, further solidifying India's maritime presence in the Bay of Bengal.

The timing of Sonowal's visit to Iran, amid ongoing election campaigns, underscores the significance of the impending pact. The agreement, which has been in negotiation for years, is set to empower India with operational control of Chabahar Port, which it has supported financially for expansion.

Chabahar Port has been a focal point of discussions between Indian and Iranian leadership, with Prime Minister Narendra Modi and President Ebrahim Raisi highlighting its importance during various diplomatic engagements. The new agreement is poised to replace the original contract signed in 2016 during Modi's visit to Iran, with a validity period of 10 years, extendable automatically.

As global trade routes face disruptions due to the West Asia crisis, India's move to assume control of Chabahar Port signifies its commitment to strengthening regional connectivity and securing vital trade corridors.

In conclusion, India's upcoming agreement with Iran to manage Chabahar Port marks a significant step towards enhancing its strategic presence in the region and ensuring uninterrupted access to key markets.