The US pulled out of the Joint Comprehensive Plan of Action (JCPOA) that Tehran signed with the five permanent members (P5) of the UN Security Council, Germany and the European Union and imposed the new sanctions on Iran over its alleged nuclear programme. This sparked concerns in New Delhi.
The port is being jointly developed by India, Iran and Afghanistan. New Delhi is investing $500 million to develop it and a road link from there to Afghanistan to give access to that country, bypassing Pakistan.
The port is also a key link in the International North South Transport Corridor, a 7,200 km-long multi-modal network of ship, rail and road routes to move freight between India, Iran, Afghanistan, Armenia, Azerbaijan, Russia, Central Asia and Europe.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)