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India's Strategic Leap: Will India Escape U.S. Sanctions Over Chabahar Port Deal?

India's Strategic Leap: Will India Escape U.S. Sanctions Over Chabahar Port Deal?

Business Today
Business Today
  • New Delhi ,
  • May 17, 2024,
  • Updated May 17, 2024, 3:24 PM IST

 

India's signing of a 10-year contract with Iran to develop and operate the Chabahar port marks a significant diplomatic stride by the Narendra Modi-led government. Situated on Iran's south-eastern coast, the port serves as a vital gateway for India to access Iran, Afghanistan, and Central Asian countries, bypassing traditional routes through rival Pakistan's ports. Despite US warnings of potential sanctions, External Affairs Minister S. Jaishankar asserts that the Chabahar project will benefit the entire region, urging a broader perspective beyond geopolitical tensions. Meanwhile, US Ambassador Eric Garcetti hints at India's exemption from sanctions, citing the exceptional relationship between the two nations. However, concerns linger regarding Iran's history of global terrorism, prompting caution in engaging with the regime. As India navigates this strategic partnership, the Chabahar port emerges as a symbol of regional cooperation and economic integration, underscoring the complexities of international relations in the Middle East.

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