Govt assures bank support for smooth business through Chabahar port

Despite the port being exempted from Iranian sanctions for the development of Afghanistan and India's investment in the port, banks have been risk-averse

In order to address the hesitance of the industry and financers to conduct business through Iran’s Chabahar Port, the ministry of ports, shipping, and waterways would facilitate support from Indian banks to go through the processes, senior officials told Business Standard. The industry’s hesitance stems from the fact that Iran is facing international sanctions.

The Centre has been involved in diplomatic deliberations over the future of the geo-politically significant port. It is still ironing out issues affecting cargo movement through the port.

Despite the port being exempted from Iranian sanctions for the development of Afghanistan and India’s investment in the