India on May 13 signed a historic Long-Term Bilateral Contract on Chabahar Port Operation in Iran for ten years. The 10-year long-term lease agreement strengthens bilateral ties between the two countries boosting trust among trading communities. The project came after PM Modi met with Iranian Prez Ebrahim Raisi in Johannesburg on the sidelines of the BRICS Summit in 2023. The two leaders discussed the pending long-term contract on Chabahar and gave clear political direction to finalise the deal. Now, the United States seems to be rattled by the India-Iran flagship deal amid conflict with Iran. Hours after India signed the agreement, the US warned “anyone” (India) of inviting “potential risk of sanctions”. US State Dept spox highlighted that the USA will let the Indian govt speak on its foreign policy goals. Chabahar Port is an India-Iran flagship project that serves as an important transit port for trade with Afghanistan, and Central Asian countries. India has been a key player in the development and operation of Chabahar Port in Iran.
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13 май 2024
