Chabahar port deal: India defies threats of US sanctionIPGL plans to invest around $120 million in equipment and operations at the port for the duration of the contract, with potential for extended cooperation in Chabahar beyond this period. But, Despite these warnings, India has proceeded to finalize a 10-year contract to develop the strategically significant Chabahar port in Iran. This exemption was based on the strategic importance of Chabahar Port, which provides convenient access to Afghanistan. Chabahar Port offers India an alternative trade pathway, ensuring that, even if issues arise in the Strait of Hormuz, India can continue its trade activities safely. Thus, Chabahar Port enhances India’s trade security by providing additional options.

Source: dna May 17, 2024 13:25 UTC