India Mulls Options on Iran Port Stake Before Sanctions Kick In
Equipment and infrastructure at Shahid Beheshti Port in Chabahar, Iran in 2019.
Photographer: Atta Kenare/AFP/Getty ImagesIndia is considering various options regarding its stake in the Chabahar port in Iran, including temporarily divesting from it, ahead of the expiry of a US sanctions waiver in coming days, officials familiar with the matter said.
New Delhi is holding separate talks with the US and Iran on how to proceed on its $120 million investment in the port, the people said, asking not to be identified because the discussions are private. One of the options is to temporarily transfer the stake to an Iranian entity, one of the officials said. India doesn’t plan to completely exit the port, the person said, since there are plans to expand connectivity at the harbor through a rail link.