Port is seen as a strategic outlet to Central Asia bypassing Pakistan. Last month reports indicated India transferred $120 mn to Tehran, as it withdraws exposure to US sanctions.
India's trade boom with Russia & strategic interests in Chabahar Port have brought International North South Transport Corridor (INSTC) back into focus.
The US-China tussle arriving in Iran would be a new challenge within a challenge for New Delhi, which has been balancing its relations with the US and Iran.
French newspaper La Tribune earlier last week indicated that UAE withdrew from deal to fund EUR 3.5 billion. India is looking to order 114 new Rafales, which could include the F5.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
Vayu