NW DELHI: US President Donald Trump yesterday scrapped the Iran nuclear deal signed by his predecessor Barack Obama. The 2015 deal with Iran ended its economic isolation from the rest of the world, including from India, which has since boosted ties with Tehran. Now, though, with the US re-imposing sanctions on Iran, New Delhi is in a tricky position vis-à-vis Tehran. Here are the key issues India will face:
Chabahar port development project: India has committed more than $500 million to develop the strategically located Iranian port of Chabahar, This project, which is already facing delays, could become a sticking point against India for the US, if New Delhi furthers investments in it. The port, located on the Gulf of Oman, only 85km from China's Gwadar port in Pakistan, is important for India as it will allow it to bypass Pakistan in accessing Afghanistan and Central Asia. The Chabahar port will cut transport costs/time for Indian goods by a third. The port is likely to ramp up trade among India, Afghanistan and Iran in the wake of Pakistan denying transit access to New Delhi for trade with the two countries. The first phase of the Chabahar port was inaugurated in December last year. In February, India and Iran signed a pact that gives New Delhi operational control of a part of port for 18 months.
Chabahar port development project: India has committed more than $500 million to develop the strategically located Iranian port of Chabahar, This project, which is already facing delays, could become a sticking point against India for the US, if New Delhi furthers investments in it. The port, located on the Gulf of Oman, only 85km from China's Gwadar port in Pakistan, is important for India as it will allow it to bypass Pakistan in accessing Afghanistan and Central Asia. The Chabahar port will cut transport costs/time for Indian goods by a third. The port is likely to ramp up trade among India, Afghanistan and Iran in the wake of Pakistan denying transit access to New Delhi for trade with the two countries. The first phase of the Chabahar port was inaugurated in December last year. In February, India and Iran signed a pact that gives New Delhi operational control of a part of port for 18 months.
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