Iran may now pose a threat to multimodal supply chains via Dubai
Iran’s seizure of the 15,000 teu MSC Aries over the weekend is a cause for ...
India has sealed its trade route into central Asia and Russia with a deal to develop Iran’s Chabahar port. India has pledged to spend $500m and has a plan to invest a further $16bn in the city’s free-trade zone. The project, which has been on the drawing board since 2004, has become increasingly important for both countries as Iran strives to reduce the power of China and Russia in its economy, while India is keen to reduce its reliance on Pakistan as a trade route. “India’s links to Central Asia and beyond have been thwarted by Pakistan’s refusal to give India land access,” says a consultant in this excellent Quartz article.
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Iran may now pose a threat to multimodal supply chains via Dubai
Alex Lennane
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