RISING IRAN-US TENSIONS: GOVT ASKS INDIAN FIRMS TO GO SLOW ON CHABAHAR PROJECTS

The MEA has told the Department of Fertilisers that it “must wait for some time before taking any further decision”.

It said that it would subsequently clarify India’s stand on Iran, including the possibility of funding the project.

 With the sanctions squabble escalating between Iran and the US, New Delhi is instructing Indian firms to go slow on the proposed projects in Chabahar Free Trade Zone lest their financial transactions and technology imports from the rest of the world get caught in the crossfire.