 "Chabahar")
A fresh set of problems is likely to delay the handover of two terminals at Chabahar port by Iran to India. Iran has insisted that India should provide it a euro-denominated bank guarantee to operate the project.
With international banking channels frozen with respect to Iran, it is a big challenge for India to negotiate for getting the port into commercial operations on a sustainable scale. In early September, the visiting Iranian Roads and Urban Development Minister, Abbas Ahmad Akhoundi, had told the media that he expected the handover to happen within a month. Chabahar is India’s first ever venture
