|Why in News?
In February 2018, India had joined the Ashgabat Agreement.
What is Ashgabat Agreement?
The Ashgabat agreement is a multimodal transport agreement that envisages the creation of an International Transport and Transit Corridor connecting Central Asia with the Persian Gulf. The corridor being multimodal will consist of road, rail and sea transport.
Significance for India
The Ashgabat agreement will help in securing India’s energy needs as well, by diversifying import market. However, India need not be limited to increasing trade and commerce but should aim to enhance investment and services, interlinking sources of raw material, centres of productions and markets between India and the Eurasian region at large.