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
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'
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
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
A high-level North Korean economic delegation was on its way to Iran, the North's state media said Wednesday, for what would be the two countries' first known talks since the start of the COVID-19 pandemic. Embracing the idea of a new Cold War, North Korean leader Kim Jong Un is pushing to build up cooperation with countries confronting the United States, as his intensified weapons tests prompted the US and South Korea to expand their military drills. Pyongyang's delegation led by Yun Jung Ho, North Korea's minister of external economic relations, flew out Tuesday for the trip to Iran, official Korean Central News Agency said Wednesday. State media did not immediately provide further details. Pyongyang and Tehran are among the few governments in the world that support Russian President Vladimir Putin's invasion of Ukraine, and both have been accused of providing Russia with military equipment. The last known time North Korea sent senior officials to Iran was in August 2019, when a
Ann Tessa Joseph, a woman cadet who was among the 17 Indians onboard container vessel MSC Aries that was seized by Iranian military over the weekend, returned to Cochin on Thursday. The Ministry of External Affairs (MEA) on Thursday said the Indian mission in Tehran is in touch with the remaining 16 Indian crew members of the container vessel. "With the concerted efforts of the Indian mission in Tehran and the Iranian government, Indian deck cadet Ms Ann Tessa Joseph from Thrissur, Kerala, who was among the Indian crew members of container vessel MSC Aries, has landed safely at the Cochin International Airport today afternoon," it said. At the airport, Joseph was received by the regional passport officer. "The Indian mission in Tehran remains seized of the matter and is in touch with the remaining 16 Indian crew members of the container vessel," the MEA said. It said the crew members are in good health and in contact with their family members in India. "Indian Mission is also in
India's exports to Iran dropped to $1.2 billion as of December 2023, on a rolling 4-quarter basis. India's exports to Israel grew to $6.1 billion in the same period
Iranian Foreign Minister Hossein Amir-Abdollahian has said that Tehran will allow Indian authorities to meet 17 Indian crew members of a cargo vessel that was seized by the Iranian military near the Strait of Hormuz on Saturday. Amir-Abdollahian conveyed this to External Affairs Minister S Jaishankar during a telephonic conversation on Sunday, according to an Iranian readout. In the talks, Jaishankar called for release of the Indians onboard Portuguese-flagged cargo vessel MSC Aries. "We are following up on the details of the seized ship and soon it will be possible for the representatives of the Indian government to meet with the crew of the said ship," the Iranian readout quoted Amir-Abdollahian as saying. It said Jaishankar expressed his concern about the situation of the 17 Indian crew members and requested assistance from Iran in this regard. Special Naval Forces of Iran's Islamic Revolution Guards Corps (IRGC) seized 'MSC Aries' reportedly in view of its links with Israel.
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The Indian Navy has freed an Iranian fishing vessel that was hijacked by pirates and rescued its crew of 23 Pakistani nationals, following "intense coercive tactical measures" as part of an anti-piracy operation at sea that lasted for more than 12 hours, officials said. Following Friday's operation, specialist teams from the Navy undertook a thorough sanitisation and seaworthiness check of the fishing vessel in order to escort it to a safe area for resuming normal fishing activities, according to an official statement shared by a Navy spokesperson. The Navy said late on Friday evening that it was engaged in an operation to free the fishing vessel from pirates. Nine armed pirates had reportedly boarded the vessel. The hijacked vessel was intercepted on Thursday, the Navy said. "INS Sumedha intercepted FV 'Al Kambar' during early hours of Friday and was joined subsequently by the guided missile frigate INS Trishul," it said. "After more than 12 hours of intense coercive tactical ...
The Indian Navy on Friday rescued a hijacked Iranian fishing vessel and its crew of 23 Pakistani nationals, after more than 12 hours of "intense coercive tactical measures" as part of an anti-piracy operation at sea, officials said. Indian naval specialist teams are presently undertaking thorough sanitisation and seaworthiness checks of the fishing vessel in order to escort her to a safe area for resuming normal fishing activities, according to an official statement shared by the Navy's spokesperson. The Indian Navy late evening on Friday had said that it was engaged in an operation to rescue the hijacked fishing vessel, which had reportedly been boarded by nine armed pirates, and its crew at sea. The hijacked vessel was intercepted on Thursday, the Navy said. "INS Sumedha intercepted FV 'Al Kambar' during early hours of Friday and was joined subsequently by the guided missile frigate INS Trishul," it said. "After more than 12 hours of intense coercive tactical measures as per the
He was responding to a question on whether Israel's latest conflict would impact the India, Israel, US and the United Arab Emirates (I2U2), and the proposed India Middle East Economic Corridor (IMEC)
Both South Asia and the Persian Gulf have strong commercial, energy, cultural and people-to-people links, the MEA said
External Affairs Minister S Jaishankar on Monday held wide ranging discussions with Iranian counterpart Hossein Amirabdollahian here and their discussion focused on the long term framework for India's involvement with the strategically vital Chabahar port and the North-South connectivity project. Jaishankar, who is in the Iranian capital as part of the ongoing high-level exchanges between the two sides, also called on Iranian President Dr Ebrahim Raisi and conveyed the greetings of Prime Minister Narendra Modi. "Held wide ranging discussions today in Tehran with Iranian FM @Amirabdolahian. Our bilateral discussion focused on the long term framework for India's involvement with Chabahar port and the INSTC connectivity project," Jaishankar said in a post on X. He also spoke about threats to maritime shipping in the region and stressed that it's important that this issue be "speedily addressed", in an apparent reference to targeting of merchant vessels in the Red Sea by Iranian-backe
A growth in the near future is unlikely owing to global geopolitical tensions