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  Business   In Other News  22 Jun 2018  India hopes to open Iran's Chabahar port by 2019 amid US sanctions

India hopes to open Iran's Chabahar port by 2019 amid US sanctions

REUTERS
Published : Jun 22, 2018, 2:42 pm IST
Updated : Jun 22, 2018, 2:42 pm IST

The port would offer easy accessibility to CIS countries, Transport and Shipping Minister Nitin Gadkari said in the statement.

India is trying to make Chabahar Port in Iran operational by 2019, the government said in a statement on Friday, despite a threat of renewed US sanctions against Tehran. (Photo: AIndia is trying to make Chabahar Port in Iran operational by 2019, the government said in a statement on Friday, despite a threat of renewed US sanctions against Tehran. (Photo:AP)
 India is trying to make Chabahar Port in Iran operational by 2019, the government said in a statement on Friday, despite a threat of renewed US sanctions against Tehran. (Photo: AIndia is trying to make Chabahar Port in Iran operational by 2019, the government said in a statement on Friday, despite a threat of renewed US sanctions against Tehran. (Photo:AP)

New Delhi: India is trying to make Chabahar Port in Iran operational by 2019, the government said in a statement on Friday, despite a threat of renewed US sanctions against Tehran.

The Indian-backed Chabahar port complex in Iran is being developed as part of a new transportation corridor for land-locked Afghanistan that could potentially open the way for millions of dollars in trade and cut its dependence on Pakistan, its sometimes-hostile neighbour.

The port would offer easy accessibility to CIS countries, Transport and Shipping Minister Nitin Gadkari said in the statement. US President Donald Trump’s decision to withdraw from a 2015 nuclear deal and penalize financial institutions for doing business with Tehran is clouding Chabahar’s viability.

Tags: us sanctions, chabahar port, nitin gadkari, donald trump
Location: India, Delhi, New Delhi