India's plan to develop Iranian port faces hurdles
Uncertainty over US policy is causing long delays in contracts that Tehran is seeking with international firms
DeeperDive is a beta AI feature. Refer to full articles for the facts.
New Delhi
WESTERN manufacturers are shying away from supplying equipment for an Iranian port that India is developing for fear the United States may reimpose sanctions on Tehran, Indian officials say, dealing a blow to New Delhi's strategic ambitions in the region.
Lying on the Gulf of Oman along the approaches to the Straits of Hormuz, the port of Chabahar is central to India's hopes of cracking open a transport corridor to Central Asia and Afghanistan that bypasses arch-rival Pakistan.
Share with us your feedback on BT's products and services
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report