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.
Hyundai was never scared of rivals overtaking them last year. But in 2027, the mythical ‘Creta Killer’ may finally emerge. Or it could continue to remain a myth.
IAF is fine with accepting the aircraft with 'must-haves', even if some other steps remain pending, which may take at least another year, it is learnt.
Vayu