ANI
25 Mar 2026, 00:30 GMT+10
New Delhi [India], March 24 (ANI): The External Affairs Ministry on Tuesday said that India is engaging with concerned stakeholders over the United States' conditional sanctions waiver till April 26 for the Chabahar Port in Iran..
In a written reply to CPI(M) MP John Brittas in the Rajya Sabha, Minister of State in MEA, Kirti Vardhan Singh, said that India has fulfilled its commitment of contributing USD 120 million for the procurement of port equipment, and there is no further financial commitment from New Delhi towards Chabahar Port.
Kirti Vardhan Singh said, 'On 13 May 2024, India Ports Global Limited (IPGL) signed a ten-year contract with the Ports and Maritime Organisation (PMO) of Iran for equipping and operating the Shahid Beheshti Terminal at Chabahar Port. Under the provisions of the contract, India has fulfilled its commitment of contributing USD 120 million for the procurement of port equipment. Therefore, there is no further financial commitment from the Government of India towards the port.'
'On 16 September 2025, the US State Department revoked the sanctions exception issued in 2018 under the Iran Freedom and Counter Proliferation Act of 2012 for Afghanistan's reconstruction and economic development, effective 29 September 2025. Pursuant to discussions with the US side, the latter issued guidance extending the conditional sanctions waiver until 26 April 2026. The Government of India remains engaged with all concerned in order to address the implications of these developments,' Singh said.
The Chabahar Port project was conceptualised to provide much-needed connectivity to Afghanistan for its reconstruction and economic development, and to boost trade and economic linkages with Central Asia.
On 13 May 2024, IPGL signed a ten-year contract with the Ports and Maritime Organisation of the Islamic Republic of Iran to equip and operate the Shahid Beheshti Terminal at Chabahar Port. Under the contract, India has fulfilled its commitment to contribute USD 120 million toward the procurement of port equipment.
In January 2026, Ministry of External Affairs spokesperson Randhir Jaiswal stated, 'On the question of Chabahar, on 28 October, 2025, as you are aware, the US Department of the Treasury had issued a letter outlining guidance, the guidance on the Conditional Sanctions Waiver, which is valid until 26 April 2026. We remain engaged with the US side in working out this arrangement.' (ANI)
Get a daily dose of Chile Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Chile Sun.
More InformationMasked federal agents kidnap a father as he waits to pick up his child from school. An ice cream cart is abandoned on the sidewalk,...
WASHINGTON, D.C.: Labor rights activist Dolores Huerta said that she, along with other women and girls, was sexually abused by César...
By Karunesh Kumar New Delhi [India], March 24 (ANI): Indian Mixed Martial Arts (MMA) fighter and Fit India icon Sangram Singh expressed...
(Photo credit: REUTERS/Juan Barbosa) French striker Kylian Mbappe disputed reports about the severity of the left knee sprain that...
New Delhi [India], March 24 (ANI): All India Distillers' Association has requested the government to enable the commercial rollout...
Sao Paulo [Brazil], March 24 (ANI): President Luiz Inacio Lula da Silva delivered a strongly worded speech at COP-15, the United Nations...
TEL AVIV, Israel - Israeli Foreign Minister Gideon Sa'ar welcomed French Minister for Europe and Foreign Affairs Jean-Noël Barrot to...
(Photo credit: Brian Snyder-Reuters via Imagn Images) European soccer fans have lodged a formal complaint over the high cost of tickets...
A new alliance is forming in the Balkans, aiming to give Kosovo an army and make Belgrade a pariah This Tuesday marks 27 years since...
New Delhi [India], March 24 (ANI): The External Affairs Ministry on Tuesday said that India is engaging with concerned stakeholders...
New Delhi [India], March 24 (ANI): Prime Minister Narendra Modi on Tuesday held a telephonic conversation with Sri Lankan President...
Washington, DC [US], March 24 (ANI): US President Donald Trump has triggered intense diplomatic speculation regarding a potential mediating...
