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
India has been a vocal proponent of the INSTC, a
Central Asia-centric multimodal transport channel for regional trade
development, which depended on the country’s strategic investment at the only
deepsea port in Iran, located beyond the Strait of Hormuz. India, through a special purpose vehicle, Indian Ports Global (IPG),
holds 10-year concession rights at Chabahar for the operation of some cargo
berths, including for containers, in return for a $120m investment in the
port’s modernisation and extending a $250m credit line for other infrastructure
upgrades in and around the harbour.
According to reports, Mr Trump last week signed an
executive order seeking to reimpose “maximum economic pressure on Iran”,
Tehran’s nuclear programme being at the heart of US concerns. “The treasury secretary will also issue
guidance for all relevant business sectors – including shipping, insurance, and
port operators – about the risks to any person that knowingly violates US
sanctions with respect to Iran or an Iranian terror proxy,” the order said.
“The secretary of
state will also modify or rescind existing sanctions waivers and cooperate with
the secretary of treasury to implement a campaign aimed at driving Iran’s oil
exports to zero,” it added.
India’s interest in
Chabahar was regarded as a counter to China’s expansionist policies in the
region, but local trade and other industry experts now believe geopolitical
developments could derail that, or at least keep them in limbo.
Indian Prime Minister Narendra Modi is scheduled to
visit the US this week, and there are tentative indications that Chabahar will
be up for discussion during bilateral meetings.
