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Washington D.C., United States of America (USA)
Union Minister Sarbananda Sonowal oversees the signing of a landmark contract for the operation of Shahid Beheshti Port in Chabahar, fost
India signs 10-year contract to develop Chabahar port, enhancing trade with Central Asia, despite US sanctions risks. Boosts regional connectivity
Hours after India signed a 10-year contract to operate the strategic Iranian port of Chabahar, the United States said Monday that Indian companies risked sanctions over investment in Tehran, following the signing of a bilateral 10-year contract to develop the Chabahar port.
The strategically important Iranian port on the Gulf of Oman will provide Indian goods a gateway to reach landlocked Afghanistan and Central Asia using a road and rail project called the International North-South Transport Corridor, bypassing Pakistan. Earlier, US sanctions on Iran over its suspected nuclear programme had slowed the development of the…