After India and Iran signed a long-term deal for running the Chabahar port, the US warned that any country having business dealings with Tehran ran the 'potential risk of sanctions'
External Affairs Minister S Jaishankar said the Chabahar port would benefit the entire region and a narrow view should not be taken of it, after the US warned that any country having business dealings with Iran runs the "potential risk of sanctions". Speaking at a programme in Kolkata on Tuesday night, he said that in the past, even the US has been appreciative of the fact that the Chabahar port has a larger relevance. India on Monday signed a 10-year contract to operate the strategic Iranian port of Chabahar that will help New Delhi expand trade with Central Asia. "We had a long association with the Chabahar port but we could never sign a long-term agreement. The reason was there were various problems... Finally, we were able to sort this out and we were able to get the long-term agreement done. A long-term agreement is necessary because without it we cannot improve the port operations. And, the port operations, we believe, will benefit the entire region," Jaishankar said. "I did
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Gains from Chabahar deal go beyond logistics
With Russia's borders with Europe shut and Iran under sanctions, port to focus on Central Asia
India and Iran have signed a long-term contract for the operation of the Shahid Beheshti Port terminal at Chabahar in Iran
Any entity, anyone considering business deals with Iran, they need to be aware of the potential risk they are opening themselves up to, potential risk of sanctions, US State department said
Hours after India signed the Chabahar Port agreement with Iran on May 13, the United States issued a warning of potential sanctions against 'anyone' that trades with Iran. Watch the video to know more
Monday's agreement is expected to finally realise efforts by India to gain a strategic foothold in the region
Major issues ironed out; Iran agrees for arbitration at SIAC
India's plans with the port go beyond commercial interests, according to the Centre
India has signed a 10-year agreement with Iran to operate and manage the Chabahar Port, marking a significant milestone in India's first venture into overseas port management. But what does this mean
India and Iran were set to sign a long-term agreement for the operation and management of the Chabahar Port on Monday
India and Iran on Monday signed a long-term contract for the operation of the Shahid Beheshti Port terminal at Chabahar in Iran. The contract was signed by India Ports Global Ltd and Ports and Maritime Organisation of Iran in the presence Ports, Shipping and Waterways Minister Sarbananda Sonowal, according to a series of posts on X by the Indian Embassy in Iran. This is the first time India will take over the management of an overseas port. Speaking on the occasion, Sonowal said, "With the signature of this contract, we have laid the foundations of India's long-term involvement at Chabahar." Sonowal added that the signing of this contract will have a multiplier effect on the viability and visibility of Chabahar port. According to him, Chabahar is not only the closest Iranian port to India but it is also an excellent port from nautical point of view. Sonowal also held a meeting with his Iranian counterpart. Located in Sistan-Balochistan province on the energy-rich Iran's southern
The deal, significant for its potential impact on trade and geopolitics, had been in the works for years but had been stalled for various reasons
Chabahar Port will serve as a vital link connecting India to Afghanistan, Central Asia, and the broader Eurasian region
India Ports Global is a company 100 per cent owned by the Ministry of Ports, Shipping and Waterways
State-owned India Ports Global Ltd (IPGL) -- formed to develop and run Chabahar port in Iran -- will soon sign an agreement with the Iranian Port Authority to start full-fledged operation, Ministry of Ports, Shipping and Waterways Secretary TK Ramachandran said on Friday. Located in the Sistan-Balochistan province on the energy-rich Iran's southern coast, the Chabahar port is being developed by India, Iran and Afghanistan to boost connectivity and trade ties. "(To start full-fledged operation of) the Chabahar Port...the agreement was to be signed between IPGL and Iranian Port authority. That is under process. It will happen soon," Ramachandran told reporters here. Chabahar is an oceanic port. It is near to the Indian Ocean and closest to the route to Afghanistan. Replying to a question on the operation of India-financed Sittwe Port in Myanmar amid fighting between Myanmar's military and anti-junta groups, Ramachandran said, "In terms of infrastructure, the work will continue. As an
The two leaders reiterated their commitment to further strengthen bilateral cooperation, including to realise the full potential of Chabahar Port as a connectivity hub
At their first joint working group meeting on the Chabahar port, India and the central Asian nations reaffirmed that connectivity initiatives should comply with global norms, transparency, local priorities, financial sustainability and respect for the sovereignty and territorial integrity of all countries. The comments, mentioned in a joint statement released on Friday following the meeting hosted by India in Mumbai on April 12 and 13, came amid growing global criticism of China's Belt and Road Initiative (BRI). The statement said the participants at the meeting noted that further development of regional connectivity is essential for enhancing trade and commerce between India and the central Asian countries in the context of their land-locked nature and lack of overland connectivity with India. The mention of "lack of overland connectivity with India" is being seen as an indirect reference to Pakistan's reluctance to grant New Delhi transit access to Afghanistan and beyond. India h