Chabahar Project

No allocation for Chabahar project in Budget amid US' sanctions on Iran

In a departure from the past, India has not allocated any funds for the Chabahar port project in its Union Budget, a move that came against the backdrop of Washington's fresh sanctions on Iran. In the last few years, India has been making an annual outlay of Rs 100 crore to the mega connectivity project in the Sistan-Balochistan province in Iran's southern coast. India is a major partner in development of the Chabahar port. In September last year, the US imposed crippling economic sanctions on Iran but had granted India a six-month exemption from the punitive measures on the Chabahar port project. The waiver will come to an end on April 26. Last month, External Affairs Ministry spokesperson Randhir Jaiswal said New India is engaged with the US on the issue related to the Chabahar port project. It is learnt that India was mulling various options relating to the project after Trump administration threatened a 25 per cent additional tariff on countries doing business with Tehran. T

India engaging with US on Chabahar port sanctions waiver, says MEA

Given the rapid developments in US-Iran tensions and India's own strategic interests in the port, experts believe India will have to walk a tightrope on the issue for the foreseeable future

India remains engaged with the US, says MEA on Chabahar port project

India is mulling various options on its engagement in the development of the strategically-located Chabahar port in Iran against the backdrop of the Trump administration threatening a 25 per cent additional tariff on countries doing business with Tehran. India is a major partner in development of the Chabahar port, located in the Sistan-Balochistan province Iran's southern coast. In September last year, the US imposed crippling economic sanctions on Iran but had granted India a six-month exemption from the punitive measures on the Chabahar port project. The waiver will come to an end on April 26. External Affairs Ministry spokesperson Randhir Jaiswal on Friday said New India is engaged with the US on the issue. His remarks in answering a question came amid reports that New Delhi is looking at withdrawing from it in view of fresh American tariffs on nations having trade relations with Iran. "As you are aware, on October 28, the US Department of Treasury had issued a letter outlinin

After the Chabahar exemption, India must push for a trade deal with the US

The pause of the export restrictions on rare earths and magnets will be a particular relief to many places, including the European Union and India, which had been caught in the crossfire

'Examining implications': India on US move to revoke Chabahar port waiver

The revocation of the sanctions waiver comes as a challenge for India, as it is involved in the development of a terminal at Chabahar Port

India, Iran, Armenia discuss INSTC corridor and Chabahar port in Tehran

India, Iran and Armenia held trilateral consultations in Tehran on boosting trade and regional connectivity, with INSTC and Chabahar port high on the agenda alongside bilateral talks

Govt plans to increase Chabahar Port capacity 5x in next 10 years

The signed Chabahar agreement includes a clause on cargo targets, but no penalties will be imposed if such traffic is not achieved

The port company meant to deliver India's strategic objectives abroad

India Ports Global Limited will be operating ports in Iran, Myanmar, and Bangladesh; it will quickly need an equity base

Chabahar pact key milestone; to provide connectivity to region: PM Modi

Prime Minister Narendra Modi termed India signing a contract to operate the strategic Iranian port of Chabahar as an important milestone and said New Delhi will work to provide connectivity to landlocked Afghanistan and Central Asia region to promote trade and commerce. In an interview to PTI, he said India will work to promote regional connectivity, trade and commerce through not just the Chabahar port but also through the International North South Transport Corridor as also the India-Middle East-Europe Economic Corridor. Since coming to power in 2014, Modi said, his government gave precedence to Chabahar Port. "In 2016, during my visit to Iran, the trilateral agreement between India, Iran and Afghanistan was signed, in order to provide the much-needed connectivity to Afghanistan." An Indian company took over the port operations a few years ago, and since then it is being used by India to provide "humanitarian assistance to Afghanistan including wheat, pulses, pesticides, medical .

Chabahar: From more port pacts to managing risk, India's next move revealed

Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal says the India-Iran long-term agreement for operating the Chabahar port could become a template for future port pacts

India-Iran Chabahar deal: How Jaishankar responded to US sanctions warning

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'

Chabahar port to benefit entire region, says Jaishankar on US warning

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

Chabahar: Once exempt from US sanctions, why the port is again under threat

India and Iran have signed a long-term contract for the operation of the Shahid Beheshti Port terminal at Chabahar in Iran

India-Iran Chabahar port deal: US State Dept warns of potential sanctions

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

$120 mn investments, $250 mn credit line to fund Chabahar port growth

Major issues ironed out; Iran agrees for arbitration at SIAC

Chabahar explained: How India can bypass Pak, reach Europe via Iran port

India and Iran were set to sign a long-term agreement for the operation and management of the Chabahar Port on Monday

India, Iran to ink 10-year agreement to manage and operate Chabahar port

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

India to sign 10-year agreement with Iran to manage Chabahar Port

Chabahar Port will serve as a vital link connecting India to Afghanistan, Central Asia, and the broader Eurasian region

India secures second overseas port: Sittwe agreement approved by MEA

India Ports Global is a company 100 per cent owned by the Ministry of Ports, Shipping and Waterways

Trade with Iran normal, despite tension on border: Pakistani officials

Trade activities between Pakistan and Iran remained uninterrupted at all the border points in the restive Balochistan province despite tensions between them following their tit-for-tat military strikes in each other's territory, Pakistani officials have said. On Friday, more than 100 trucks carrying vegetables and other goods crossed from the Taftan border into Iran, Makran Commissioner Saeed Ahmed Umrani said. Pakistan conducted "precision military strikes" against what it called "terrorist hideouts" in Iran's Siestan-Balochistan province that killed 9 people on Thursday. The attack was seen as retaliation to Iranian missile and drone attacks on Tuesday, which targeted two bases of the Sunni Baloch militant group Jaish al-Adl in Pakistan's unruly Balochistan province. Umrani said the positive thing was that governments on both sides now making efforts to move on with trade activities at the border crossing points of Taftan, Gwadar, Kech, Panjgur and Washuk in Balochistan. Trade h