NEW DELHI: India is trying to make Chabahar Port in Iran operational by 2019, the government said in a statement on Friday, despite a threat of renewed US sanctions against Tehran.
The Indian-backed Chabahar port complex in Iran is being developed as part of a new transportation corridor for land-locked Afghanistan that could potentially open the way for millions of dollars in trade and cut its dependence on Pakistan, its sometimes-hostile neighbour.
The port would offer easy accessibility to CIS countries, Transport and Shipping Minister Nitin Gadkari said in the statement.
US President Donald Trump´s decision to withdraw from a 2015 nuclear deal and penalize financial institutions for doing business with Tehran is clouding Chabahar’s viability.
Source: https://www.thenews.com.pk/latest/332355-india-ignores-us-threats-moves-to-open-irans-chabahar-port-by-2019
