U.S. lawmakers question India's plans for Chabahar port
"We have been very clear with the Indians (about) continuing restrictions on activities with respect to Iran," Nisha Desai Biswal, Assistant Secretary of State for South and Central Asian Affairs, said on Tuesday.
U.S. senators questioned on Tuesday whether India`s development of a port in southern Iran for trade access risked violating international sanctions, and a State Department official assured them the administration would closely examine the project.
"We have been very clear with the Indians (about) continuing restrictions on activities with respect to Iran," Nisha Desai Biswal, Assistant Secretary of State for South and Central Asian Affairs, said on Tuesday.
"We have to examine the details of the Chabahar announcement to see where it falls in that place," she testified to the Senate Foreign Relations Committee.
Indian Prime Minister Narendra Modi on Monday pledged up to $500 million to develop the Iranian port of Chabahar, to try to give his country trade access to Iran, Afghanistan and Central Asia. The route is currently all but blocked by Pakistan, long at odds politically with India.
The United States and Europe lifted sanctions in January under a deal with Iran to limit its nuclear program but some restrictions to trade remain, tied to issues such as human rights and terrorism.
Biswal said she believed India`s relationship with Iran was primarily focused on economic and energy issues, and said the administration recognized India`s need for a trade route.
"From the Indian perspective, Iran represents for India a gateway into Afghanistan and Central Asia," she said. "It needs access that it doesn`t have."
Biswal said she had not seen any sign of Indian engagement with Iran in areas, such as military cooperation, that might be of concern to the United States.
Modi is due to visit the United States next month and will address a joint meeting of Congress, a rare honor.
Senator Ben Cardin, the committee`s top Democrat, asked if Biswal expected formal security cooperation agreements to be signed during that visit.
She noted that India and the United States have already strengthened their security cooperation in several areas. "We`re looking at what additional areas we can engage in to deepen that cooperation," Biswal said.
Washington sees its relationship with India as critical, partly to counterbalance China`s rising power. President Barack Obama has called it "one of the defining partnerships of the 21st century."
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Power of Compounding: How many years will it take to reach Rs 3 crore corpus if your monthly SIP is Rs 4,000, Rs 5,000, or Rs 6,000
IRCTC Dividend 2024: Railway PSU announces 200% interim dividend - Check record date and other details
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
Reduce Home Loan EMI vs Reduce Tenure: Rs 75 lakh, 25-year loan; which option can save Rs 25 lakh and 64 months and how? Know here
Top 7 Large and Mid Cap Mutual Funds with Best SIP Returns in 5 Years: No. 1 fund has turned Rs 15,000 monthly SIP investment into Rs 20,54,384; know about others
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
PSU Oil Stocks: Here's what brokerage suggests on these 2 largecap, 1 midcap scrips - Buy, Sell or Hold?
09:08 AM IST