India's plan to develop key Iranian port faces U.S. headwinds

India committed $500 million to speed development of the port after sanctions on Iran were lifted following a deal struck between major powers and Tehran to curb its nuclear program in 2015. But not a single tender has been awarded for supplying equipment like cranes and forklifts.

from IBTimes.co.in : Economy http://ift.tt/2soinFb