Office Address
123/A, Miranda City Likaoli Prikano, Dope
Phone Number
+0989 7876 9865 9
+(090) 8765 86543 85
Email Address
info@example.com
example.mail@hum.com
123/A, Miranda City Likaoli Prikano, Dope
+0989 7876 9865 9
+(090) 8765 86543 85
info@example.com
example.mail@hum.com
The US State Department Principal Deputy Spokesperson, Vedant Patel,
however, also said that it will let the Indian government speak on its foreign
policy goals.
“We are aware of these reports that Iran and India have signed a deal
concerning the Chabahar Port, I would
let the government of India speak to its own foreign policy goals, vis-a-vis
the Chabahar Port as well as its own bilateral relationship with Iran,”
Vedant Patel said in the press briefing on Monday (local time). He added: “I
would just say…US sanctions on Iran remain in place and we will continue to
enforce them.” “Any entity, anyone considering business deals with Iran, they
need to be aware of the potential risk they are opening themselves up to,
potential risk of sanctions,” Patel said.
The Long-Term Bilateral Contract on Chabahar Port Operation was signed
between Indian Ports Global Limited (IPGL) of India and the Port & Maritime
Organisation (PMO) of Iran on Monday 13 May enabling the operation of
Shahid-Behesti port in the Chabahar Port Development Project for a period of 10
years.
IPGL has committed to further equipping and operating the port for the
duration of the contract. At the end of the 10-year period, both sides would
further extend their cooperation in Chabahar. IPGL will invest approximately
USD 120 million in equipping the port. India has also offered an in-credit
window equivalent to USD 250 million, for mutually identified projects aimed at
improving Chabahar-related infrastructure.
This 10-year long-term lease
agreement further strengthens the bilateral ties between the two countries
while bolstering confidence and boosting trust among trading communities in the
region.
The Chabahar Port is an India-Iran flagship project that serves as an
important transit port for trade with Afghanistan and Central Asian countries,
which are landlocked countries. India has been a key player in the development
and operation of Chabahar Port.
The Indian government has invested in the port’s infrastructure and has
been involved in upgrading its facilities to make it a viable transit route for
Indian goods bound for Afghanistan and Central Asia.
