External Affairs Minister S Jaishankar responded to the recent US Sanctions Threat regarding potential sanctions for those engaging in business deals with Tehran, particularly in light of India’s 10-year agreement to operate the Chabahar Port in Iran. Speaking in Kolkata at the launch of the Bangla edition of his book ‘Why Bharat Matters,’ Jaishankar emphasized the broader benefits of the Chabahar project for the region and cautioned against viewing it through a narrow lens.
US Sanctions Threat and Indian Response
US Sanctions Threat for entities engaging in business with Iran, underscoring the continued enforcement of sanctions against Tehran. This warning came a day after India’s signing of the Long-Term Bilateral Contract with Iran for the operation of the Chabahar Port.
In response to these remarks, Jaishankar acknowledged the US Sanctions Threat but stressed the importance of communication and persuasion in highlighting the project’s positive impacts. He reminded that the US itself had previously recognized the broader significance of the Chabahar Port.
Importance of the Chabahar Port Deal
Jaishankar shed light on the challenges India faced in finalizing a long-term agreement with Iran, citing issues on the Iranian side such as changes in joint-venture partners and conditions. However, he expressed satisfaction with the resolution of these issues, allowing for the signing of the crucial long-term pact.
Highlighting the necessity of the agreement, Jaishankar explained that it paves the way for enhancing port operations, which in turn, will benefit the entire region. The Chabahar Port, a flagship project between India and Iran, serves as a vital transit point for trade with Afghanistan and landlocked countries in Central Asia.
India’s Investment and Strategic Importance
India has made substantial investments in upgrading the infrastructure of the Chabahar Port, aiming to establish it as a reliable transit route for Indian goods destined for Afghanistan and Central Asia. With the signing of the long-term agreement, India solidifies its commitment to the development and operation of the port, thereby strengthening its strategic ties with Iran and enhancing regional connectivity.
In conclusion, Jaishankar’s remarks underscore India’s determination to pursue mutually beneficial projects despite external pressures, emphasizing the broader regional significance of initiatives like the Chabahar Port deal.
