Brief by Shorts91 Newsdesk / 02:22pm on 30 Oct 2025,Thursday India Global
India secured a six-month US sanctions waiver for Iran's Chabahar Port, allowing operations until April 2026, MEA confirmed Thursday. The exemption permits India Ports Global Limited to operate the Shahid Beheshti terminal without penalties under the Iran Freedom and Counter-Proliferation Act. Originally granted in 2018, the waiver acknowledges Chabahar's humanitarian importance for Afghanistan and Central Asian trade access, bypassing Pakistan. India pledged $370 million in investments under May 2024's 10-year agreement, with $120 million already spent on infrastructure and International North-South Transport Corridor connectivity. The strategically vital port counters China's Gwadar development in Pakistan. MEA reaffirmed commitment to full port development, noting successful wheat and urea shipments to Afghanistan demonstrating humanitarian significance.
