Home Tags Chabahar port
Topic: Chabahar port
Tehran and New Delhi explore barter trading options even as Iran has stepped up importing basmati rice from Pakistan.
India was irked by delay on part of the Chinese firm to supply cranes, and its demand New Delhi indemnify any losses suffered because of US sanctions.
India is unable to develop the Chabahar-Zahedan rail link under the second phase of the project due to US sanctions. Iran says there's ‘no limit’ to its relations with New Delhi.
The Iranian establishment has criticised India for ‘organised violence’ against Muslims, and New Delhi has reprimanded the country’s envoy.
Jaishankar is expected to meet Iranian President Hassan Rouhani days after the US provided a rare exemption to India from sanctions on the Chabahar port in Iran.
The Trump administration said the exemption will stand so long as Iran's Revolutionary Guards Corps do not participate in the port project.
Iranian Ambassador to India Ali Chegeni has said Tehran may look at other markets to procure soymeal, rice if India does not resume normal trade ties with Iran.
The fund allocation for Chabahar Port in Iran, which India is developing, was slashed by more than half to Rs 45 crore from Rs 150 crore in this Union Budget.
China and Pakistan have been working overtime to woo Iran and integrate it into their strategic nexus against India.
European, Chinese suppliers of equipment are reluctant to deliver as they fear adverse impact on their business with US after it imposed sanctions on Iran.
12Page 1 of 2