Brief by Shorts91 Newsdesk / 12:05pm on 01 Feb 2026,Sunday India Global
India has not set aside funds for the Chabahar port project in Union Budget 2026, amid rising US-Iran tensions and uncertainty over sanctions waivers. In earlier years, the government allocated about Rs 100 crore annually for the project. Chabahar port in Iran is a key connectivity route for India to reach Afghanistan and Central Asia while bypassing Pakistan. It is also seen as a strategic counter to China-backed Gwadar port in Pakistan. The US had granted India a temporary sanctions waiver for Chabahar that is valid till April 26, 2026. Officials say India is still in talks with the US on the project framework. (PC: X)
