New Delhi abandons project after US imposed 25% tariff on countries doing business with Tehran
\n new delhi
\nThe Indian government, led by Prime Minister Narendra Modi, has come under heavy fire at home after it withdrew from the Chabahar port agreement with Iran, with critics arguing the move was a strategic retreat rather than a proactive foreign policy decision.
\nNew Delhi was forced to abandon its involvement in the port after the United States imposed a 25% tariff on countries doing business with Tehran, The Economic Times reported on Thursday.
\nAccording to the publication, India\u2019s withdrawal was carried out without any formal announcement, resulting in the loss of $120 million already paid to Iran.
\nThe amount had been transferred before the decision to disengage and is now considered unrecoverable, the report stated.
\nThe state-run company working at the port, India Ports Global Limited (IPGL), saw its board of directors submit collective resignations after the decision, while the company\u2019s official website has also been shut down.
\nCongress party leader Pawan Khera termed the move \u201ca new low\u201d in the Modi-led government\u2019s foreign policy.
\n\u201cSo the question is not of Chabahar Port or of Russian oil. The question is: Why is Modi allowing USA to arm-twist India?\u201d he asked in an X post.
\nIndia assumed responsibility in 2024 for developing Chabahar port under a 10-year arrangement with Iran.
\nMeanwhile, a foreign journal reported that the $120 million already paid to Iran can now be used by it at its discretion for the port\u2019s construction and development.
\nObservers described India\u2019s withdrawal from Chabahar port as another major setback for New Delhi.
\nThe Congress party sharply criticised the Modi-led government over the decision, saying the Indian prime minister \u201chas once again surrendered to Trump\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"
New Delhi abandons project after US imposed 25% tariff on countries doing business with Tehran new delhi The Indian government, led by Prime Minister Narendra Modi, has come under heavy fire at home after it withdrew from the Chabahar port agreement with Iran, with critics arguing the move was a strategic retreat rather than a […]<\/p>\n","protected":false},"author":2,"featured_media":526064,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":{"0":"post-526052","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world"},"yoast_head":"\n