The search for efficient trade routes and better connectivity has been one of the powerful driving forces of history. It has determined the prospects of many nations, regions and civilizations over time. Today, as the world goes through a fundamental re-balancing, correcting many of the distortions of the past, it is only natural that connectivity should be central to that exercise. Growth in trade, commerce, industrial development and technological advancement has gone hand in hand with ease of connecting. Maritime connectivity, in particular, has played a significant role in creating regional corridors for trade and economic linkages, as indeed for cultural and intellectual exchanges over the centuries. The shift in the fulcrum of global economic growth towards Asia is creating unprecedented opportunities for connectivity in the region. The Government of India, recognising the importance of regional connectivity, made a landmark decision to undertake an overseas port investment in Chabahar

Which of the following is correct about the Chabahar Port?