No foreign company wants to invest in Iranian regime ports

A brief look at the volume of foreign investment in the Iranian economy reveals the real picture of the general economic situation.

At the heart of this story is the fate of the port of Chabahar. More than two years have passed since the signing of the investment contract with India, but the Indians have not yet implemented it. As a result, none of the regime’s goals for this port have been achieved.

The Indians demanded the use of international arbitration to resolve disputes with the regime and did not allow the regime to use six port cranes installed by Indian companies in another port called the port of Beheshti.

Ruzbeh Mokhtari, chairman of the board of directors of the Maritime Association of the regime, accused the Indians of procrastination and added that, in his opinion, no country or foreign company wants to invest in ports. Iranians. According to him, the reason is that everyone is waiting for an analysis of the fate of the regime’s nuclear talks.

No foreign company wants to invest in Iranian regime ports

On April 24, the state-run ILNA news agency reported: “The Indian company, even with the green light it received to invest in the port of Chabahar, still has problems in the banking sector, and fears of sanctions have created more serious situations than sanctions themselves. .

They added: “Although activities at the port of Chabahar are not subject to sanctions, fears of sanctions against international companies have hampered the determination needed to meet treaty obligations and prompted the Indian side to act cautiously. port of Chabahar. The Indian operator has not fulfilled its obligations, and one of the reasons is the continuation of sanctions.

According to ILNA, according to published statistics, India has not taken any other significant steps to increase ship and cargo traffic to Chabahar, despite high trade with Iran, Afghanistan and Central Asia, except for the transit of 75 thousand tons of wheat through the port of Beheshti. to Afghanistan in 2020.

According to Indian media, New Delhi has not yet provided the promised $ 150 million credit line for the development of the port of Beheshti. In February 2016, Iran’s loan was approved by EXIM Bank, but the lender reportedly refused to provide funds due to fears of US sanctions against the regime.

More than six years have passed since the signing of the agreement on the establishment of transport and trade corridors between Iran, India and Afghanistan, called the “Chabahar Agreement”.

Under an agreement reached between Iran and India, India Ports Global Limited (IPGL), a subsidiary of the Indian Ministry of Ports, Shipping and Waterways, was selected as the operator of the port of Chabahar and was to operate after two years at the port of Beheshti.

Now Chabahar has not only become a transport and trade corridor between India and Afghanistan and other countries in the region, as the regime wanted, but it has been lowered as a port for transporting cargo base and minerals, as well as container transit statistics, and transit cargo in this port significantly decreased.

The Indian government recently chose Pakistan over Iran to send its wheat to Afghanistan, and last week it was reported that Indian supplies had been sent to Russia via Georgia. Given the critical situation in Russia at the moment, it seemed to the Iranian regime the best opportunity to become a bridge for the transit of transit goods from India to Russia, but I am convinced that this has not happened.