Hours after India signed a deal to operate the Chabahar Port in Iran for 10 years, the United States reiterated that “anyone considering business deals with Iran needs to be aware of the potential risk of sanctions.”
This comes days after the US announced new sanctions on Iran targeting its unmanned aerial vehicle production after its attack on Israel.
The contract between India and Iran was signed in Tehran by India Ports Global Ltd and the Ports and Maritime Organisation of Iran in the presence of Ports, Shipping and Waterways Minister Sarbananda Sonowal
This is the first time India will take over the management of an overseas port.
In April this year, the US imposed sanctions on suppliers to Pakistan’s ballistic missile programme, including three companies from China.
The Chabahar Port will definitely see more investments and connectivity linkages coming out of it after India and Iran signed a long-term contract for the operation of its Shahid Beheshti Port terminal.
source: India Today
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