CPEC and Gwadar Port
According to a 2015 report, Gwadar port will be developed as a part of the China-Pakistan Economic Corridor under China Overseas Port Holding Company (COPHC). CPEC would spend $1.62 billion on the development of Gwadar port. As part of the larger $2.5 billion Gwadar-Nawabshah segment of the Iran-Pakistan gas pipeline project, a floating LNG facility will also be built at the port.
The 2,292-acre property is used to establish the Gwadar Special Economic Zone, which is near the port, was leased to a Chinese company for a 43-year period and construction began in June 2016. The Gwadar Port was formally inaugurated on November 14, 2016, and it would be active for the Afghan transit trade by 2020.
Gwadar Port and its Geopolitical Impact on India
Gwadar Port is a deep-water port with views of the Arabian Sea. It is a component of the China-Pakistan Economic Corridor (CPEC), an ambitious project that aims to establish China as a key hub for trade and logistics between Europe and Central Asia.
Table of Content
- The Gwadar Port
- Geopolitical Impact of Gwadar Port on India
- History of Gwadar Port
- Master Plan for Gwadar Port
- CPEC and Gwadar Port
- India’s Response to Gwadar Port
- Way Forward