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Tag: Chabahar Port

Politics

PM Modi expresses concern, says stand in solidarity with Iranians | India News – Times of India

PM Narendra Modi expressed solidarity with the people of Iran as he said he was deeply concerned by reports regarding Iran Prez Ebrahim Raisi's helicopter flight that crashed in Iran's East Azerbaijan province. "We stand in solidarity with the Iranian people in this hour of distress, and pray for the well-being of the president and his entourage," he said in a post on X late on Sunday, amid fears that Raisi may not have survived the crash.Modi had last met Raisi on the margins of the Brics summit in Johannesburg in Aug 2023. The two leaders had discussed ways to strengthen bilateral cooperation in various fields, including trade and investment, connectivity, energy and counter-terrorism. Iran, along with five other countries, had joined the group in that summit. Raisi had congratulated ...
US knows Chabahar important, says MEA as State Dept flags ‘potential risk’ of sanctions over Iran deal
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US knows Chabahar important, says MEA as State Dept flags ‘potential risk’ of sanctions over Iran deal

New Delhi: Days after the US said India’s inking of a 10-year deal with Iran for the operation of Chabahar port carries “potential risk” of sanctions, the Ministry of External Affairs (MEA) remarked Friday that Washington is aware of the port’s importance, especially with respect to providing humanitarian aid to the Taliban-ruled Afghanistan.Underscoring that the port agreement is a “major achievement” for New Delhi, MEA spokesperson Randhir Jaiswal said: “The United States understands the importance of Chabahar port for continued humanitarian supplies to Afghanistan and to provide it with economic alternatives.” He added that the deal signed between New Delhi and Tehran reflects India’s commitment towards realising its potential as a “connectivity hub” for Afghanistan and other landloc...
Business

MEA Says Protests In PoK Consequence Of Pak’s ‘Policy Of Systemic Plundering Of Resources’

New Delhi: India on Friday said that the protests observed in various parts of Pakistan-occupied Kashmir (PoK) are a direct result of Islamabad's ongoing policy of exploiting resources from the region, which remains under its coercive and illegal occupation. The Ministry of External Affairs also emphasised that the entire Union territories of Jammu and Kashmir and Ladakh have been, are, and shall always remain integral parts of India. Violent protests have erupted in Pakistan-occupied Kashmir (PoK) over rising costs of food, fuel, and essential utilities amid Pakistan's severe economic crisis. External Affairs Ministry spokesperson Randhir Jaiswal acknowledged the reports during his weekly media briefing, stating, "We have seen reports on protests in sev...
Business

‘Terrorism, Extremism Began Consuming Those Who Practised It’: EAM Jaishankar

External Affairs Minister S Jaishankar expressed on Friday that Asia is experiencing new tensions on land and at sea due to dishonoured agreements and disregard for the rule of law, with terrorism now affecting those who previously supported it. His comments surfaced amidst China's continued military posturing along the eastern Ladakh frontier and Pakistan's support for cross-border terrorism. Speaking at a CII event, Jaishankar also addressed the influence of currency and the threat of sanctions in global diplomacy, over the recent US warning of punitive measures after India's agreement with Iran on the Chabahar port, news agency PTI reported. "The world is experiencing a 3F crisis of fuel, food and fertilisers. In Asia, new tensions have emerged in lan...
Business

US Warns India Of ‘Potential Sanctions’ Over Chabahar Port Deal With Iran

After India inked a 10-year agreement to manage the Chabahar Port in Iran, the United States issued a cautionary warning, stating that "anyone" contemplating business dealings with Tehran should be mindful of the "potential risk of sanctions." Vedant Patel, Principal Deputy Spokesperson for the US State Department, stated that while the US acknowledges India's foreign policy objectives, it also emphasised the importance of recognizing potential sanctions risks when engaging in business with Iran. Addressing the press, Patel stated: "We are aware of these reports that Iran and India have signed a deal concerning the Chabahar Port, I would let the government of India speak to its own foreign policy goals, vis-a-vis the Chabahar Port as well as its own bila...
Politics

India, Iran ink 10-year pact to equip, operate Chabahar port | India News – Times of India

NEW DELHI: India and Iran Monday signed a 10-year contract to further equip and operate a Chabahar port terminal. The contract will see India Ports Global Limited (IPGL) investing $120 million in equipping the strategic port that provides India access to Afghanistan and Central Asia, bypassing Pakistan which denies India land access to the region.During his visit to Tehran on Monday, minister of shipping, ports and waterways Sarbananda Sonowal witnessed the signing of the new 10-year contract between IPGL and Ports & Maritime Organisation of Iran (PMO).According to govt sources, under the contract, IPGL will commit to further equip and operate the port for the duration of the contract. At the end of the 10-year period, both sides would further extend their cooperation in Chabahar, t...
Business

India Inks Chabahar Port Deal, Bolstering Trade Links With Central Asia

India on Monday signed a 10-year contract to operate the strategic Iranian port of Chabahar that will help it expand trade with Central Asia. 🇮🇳🇮🇷| Scripting a new chapter in bilateral partnership!Minister @shipmin_india & @moayush @sarbanandsonwal witnessed the signing of the long-term contract for the operation of the Shahid Beheshti Port in Chabahar, between India Ports Global Ltd. & Ports and Maritime… pic.twitter.com/hUddkyQrkE — Randhir Jaiswal (@MEAIndia) May 13, 2024 The Chabahar port on the Gulf of Oman - which New Delhi had proposed to develop way back in 2003 - will provide Indian goods a gateway to reach landlocked Afghanistan and Central Asia using a road and rail project called International North-South Transport Corrido...
Politics

Chabahar agreement: India takes major step in Central Asia with Iran port deal – Times of India

India and Iran sealed a critical 10-year agreement on Monday to jointly develop and manage the Chabahar port, a move that significantly deepens their strategic and economic cooperation. The pact underscores India's intent to expand its geopolitical footprint and boost trade across the West and Central Asian regions.Under the agreement, India Ports Global Limited (IPGL) committed to investing $370 million to enhance the port's infrastructure.This includes acquiring strategic equipment and expanding the transport facilities, essential for transforming Chabahar into a dynamic regional hub for trade transit.Why it mattersChabahar port's strategic location on Iran's southeastern coast, close to the Pakistani border, positions it as a pivotal gateway for India’s trade ambitions, enabling dire...
‘Win-win deal’: India, Iran sign 10 year contract for Chabahar Port amid Gaza war
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‘Win-win deal’: India, Iran sign 10 year contract for Chabahar Port amid Gaza war

New Delhi: India’s first-ever overseas port investment in Iran’s Chabahar got a boost Monday after Tehran and New Delhi signed a long-term contract. This will allow India Ports Global Private Limited (IPGPL), an Indian state-owned entity, to manage and operate a terminal in the port for 10 years, instead of having to renew a short-term contract every year as was the case earlier. India is also believed to have agreed to extend a credit line of $250 million to Iran for Chabahar-related development, according to a statement by India’s embassy in Iran on X. The statement was subsequently deleted. Screenshot of the now-deleted statement | Pic credit: X Shipping Minister Sarbananda Sonowal signed the deal with Mehrdad Bazrpash, Minister of Roads and Urban Development of Iran, in Tehran on M...
India expects long-term arrangement with Iran on Chabahar port: Foreign Minister S. Jaishankar 
Fashion

India expects long-term arrangement with Iran on Chabahar port: Foreign Minister S. Jaishankar 

New Delhi: India expects to secure a “long-term arrangement” with Iran on the management of the Iranian port of Chabahar, Foreign Minister S. Jaishankar said on Monday as Shipping Minister Sarbananda Sonowal left on a visit to Iran.India has been developing part of the port in Chabahar on Iran’s southeastern coast along the Gulf of Oman as a way to transport goods to Iran, Afghanistan and central Asian countries, bypassing the port of Karachi and Gwadar in Pakistan. U.S. sanctions on Iran, however, have slowed the port’s development. Show Full Article “As and when a long-term arrangement is concluded, it will clear the pathway for bigger investments to be made in the port,” Jaishankar told reporters in Mumbai. He said his cabinet co...