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India is trying to make Iran's Chabahar Port operational by 2019: Govt

US President Donald Trump's decision to withdraw from a 2015 nuclear deal and penalize financial institutions for doing business with Tehran is clouding Chabahar's viability

Reuters  |  New Delhi 

Chabahar port

India is trying to make Port in operational by 2019, the government said in a statement on Friday, despite a threat of renewed U.S. sanctions against

The Indian-backed port complex in is being developed as part of a new transportation corridor for land-locked that could potentially open the way for millions of dollars in trade and cut its dependence on Pakistan, its sometimes-hostile neighbour.

The port would offer easy accessibility to CIS countries, Transport and Shipping Minister said in the statement.

U.S. President Donald Trump's decision to withdraw from a 2015 nuclear deal and penalize financial institutions for doing business with is clouding Chabahar's viability.

First Published: Fri, June 22 2018. 14:15 IST
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