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India defies US to invest in Iranian port of Chabahar

May 8, 2015
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India will invest in the Iranian port of Chabahar, despite US political pressure to stick to sanctions against Iran.

In October 2014, the Indian government decided that the state-run Jawaharlal Nehru Port Trust and Kandla Port Trust would form a joint venture to invest US$85m in upgrading Chabahar’s two berths.

The government also said that the venture may look for an Iranian partner and a private-sector Indian partner.

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Tags: AfghanistanGadkariIndiaIranKashmirPakistanPortsanctionstradeUS
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