NEW DELHI, Oct 30 (Bernama) -- India has received a six-month waiver from United States (US) sanctions on Iran's Chabahar port.
"I can confirm that we have been granted exemption for a six-month period on the American sanctions that were applicable on Chabahar," Ministry of External Affairs spokesman Randhir Jaiswal told a media briefing in New Delhi on Thursday.
India has made significant financial investments in Chabahar on Iran's south-eastern coast along the Gulf of Oman.
In May last year, India Ports Global Limited (IPGL) signed a 10-year contract with Iran's Ports and Maritime Organisation to operate Shahid Beheshti Terminal there.
With the Donald Trump administration raising economic sanctions on Iran, the US recently announced that it will end the special permission it had given India for the Chabahar business.
Chabahar is India's key conduit to access Afghanistan for trade, bypassing the Pakistan land route, as well as to grow transport links with the Central Asian region.
-- BERNAMA
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