US-Iran freeze puts India’s Chabahar port project in a fix
The deteriorating relations between the United States and Iran, coupled with the threat of return of sanction regime, have once again put India in a fix.
Government officials confide that pace of work on projects such as Chabahar port and building railway and road networks would get affected if the US President Donald Trump operationalises his threats against Tehran. Sources said the issue will prominently figure during the October 24 visit of US Secretary of State Rex Tillerson.
What is worrisome is that ahead of Tillerson’s visit, a top US official has asked countries to take a hard look at their business partners in Iran. “What we’re asking is for countries to take a hard look at who you’re doing business with in Iran and to understand who are the beneficial owners of these companies,” the official said, warning against business deals with Iran’s Islamic Revolutionary Guard Corps-controlled companies.
Recently, while deposing before a parliamentary panel, officials conceded that the Iran-Pakistan-India gas pipeline project hasn’t moved forward since 2008 in the wake of sanctions on Iran.
Prime Minister Narendra Modi had prioritised the connectivity project in Central Asia and the Chabahar port in Iran to provide a key route to Afghanistan, while bypassing Pakistan.
During …read more