Chabahar Port Project Gets No Funds in Union Budget Amid US Sanctions
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News18•01-02-2026, 14:30
Chabahar Port Project Gets No Funds in Union Budget Amid US Sanctions
- •India has not allocated any funds for the Chabahar port project in the latest Union Budget, a significant departure from previous years.
- •This decision comes amidst fresh US sanctions on Iran, impacting India's financial commitments to the project.
- •Previously, India annually allocated Rs 100 crore for the Chabahar port, located in Iran's Sistan-Balochistan province.
- •The US had granted India a six-month waiver from sanctions for the Chabahar project, which is set to expire on April 26.
- •India is actively engaging with the US regarding the Chabahar port project, which is crucial for regional connectivity and trade.
Why It Matters: India halts Chabahar port funding in Union Budget due to US sanctions on Iran, impacting regional connectivity.
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