With just two days left for the US sanctions waiver to expire for India’s operations at the Chabahar port, New Delhi is looking to divest its stake in the strategic project, Business Standard reported, citing sources. The government is considering a plan to divest the stake of India Ports Global (IPGL) in India Ports Global Chabahar Free Zone (IPGCFZ) to an Iranian entity, the report said. The US waiver is set to expire on Sunday, and India is exploring an arrangement with a local entity to oversee operations while sanctions remain in force. The arrangement would include a provision to…
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