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India & Iran close to a new deal

Updated: Jul 5, 2023

India & Iran close to a new deal on Chabahar Port, long-term contract expected soon

Most of the nagging issues related to the development of the port that came up between India and Iran have been resolved earlier this month after senior officials and diplomats from both sides held intense talks. A few issues, however, remain but these are expected to be ironed out in the coming weeks. Indian officials are likely to visit Iran in the next few weeks with the aim to resolve these remaining issues. “Things are moving fast, both sides are working towards resolving issues that have stunted work on the project,” a source told India Narrative. Amid changing geopolitical contours and Chinese advances, India is keen to press the pedal on completion of the port located in southern Iran at the earliest.

Wrote by Blue Pacific Shipping & Logistics Pvt Ltd

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The port will also be linked to the International North-South Corridor. According to the Iranian media, Ali Akbar Safaei, chief of the Iranian Ports and Maritime Organization, said that talks on existing disputes regarding the development of the port were held between June 12 and 16.

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