New Delhi is exploring a temporary transfer of its stake in Iran’s Chabahar Port project to a local Iranian entity as the current US sanctions waiver nears expiry on April 26. The move is aimed at shielding Indian firms from potential sanctions while preserving long-term strategic access to the port.
India Ports Global Ltd (IPGL), which operates the Indian-backed terminal at Chabahar, is reportedly considering divesting its holding in the India Ports Global Chabahar Free Zone under an interim arrangement. Officials are also said to be in parallel talks with both Washington and Tehran over future operational continuity.
Chabahar remains strategically vital for India as a trade gateway to Afghanistan and Central Asia, bypassing Pakistan and supporting the International North-South Transport Corridor (INSTC). India signed a 10-year operating agreement for the port in 2024 and has invested around $120 million in the project.