Bharat Defense Strategy
0 view | +0 today
Follow
Your new post is loading...
Your new post is loading...
Scooped by Bharat Kumar
Scoop.it!

Indian Defence News - Pranab hopes for speedy recovery of UAE president

Indian Defence News - Pranab hopes for speedy recovery of UAE president | Bharat Defense Strategy | Scoop.it
India defence news Portal provides analysis of Indian army News , Navy , Air force , international Affairs , Military Aviation , strategic affairs & Security.
more...
No comment yet.
Scooped by Bharat Kumar
Scoop.it!

India-Iran Relations and Strategic Importance of Chabahar Port

India-Iran Relations and Strategic Importance of Chabahar Port | Bharat Defense Strategy | Scoop.it

Historically India-Iran relationship go back to pre-independence era, when both countries shared common border along with Afghanistan. It is well known fact that India’s extended neighbourhood stretches to the Strait of Hormuz and the Persian Gulf to the West, and even to the Eastern coasts of Africa as Western border of strategic space, and Strait of Malacca to the East, Antarctica to the South and Central Asia to the North. Iran is strategically located at the entrance to the Persian Gulf, which is an important gateway for energy supply to the world and in particular to India. Iran is third largest exporter of oil to India and meets India’s 7.5% of domestic oil demand. Despite UN, EU and US sanctions imposed on Iran, India has been able to import oil against payment in Rupee term. In the present economic down turn,  when the value of Rupee against Dollar is falling rapidly and oil prices are rising  in the international market, India should consider increasing its  oil import from Iran by making additional shipping arrangements.

more...
No comment yet.