India Delivers 2 Cranes for Chabahar port

  • India delivers 2 cranes for Chabahar as a part of a bilateral contract between India and Iran signed in May 2016 for $85 million to equip and operationalise the port.
  • India’s plans to invest further in the port project are seen as an indicator that the government expects some easing up in U.S. sanctions in the upcoming months, once the new Biden administration begins to address its policy on re-entering the Iran nuclear deal.
CHABAHAR PORT
CHABAHAR PORT

Author: IAS Blogger

Leave a Reply

Your email address will not be published. Required fields are marked *