India keeps tabs on INSTC, Chabahar Port as Israel-Iran conflict rages
Tired of too many ads?
Remove Ads
New Delhi: India is keeping a close watch for any impact on the Chabahar Port and International North-South Transport Corridor (INSTC) amid escalating conflict between Israel and Iran India sees the two connectivity projects in Iran as its gateways to Afghanistan, Central Asia and Russia. The country has also invested heavily in the port project.Israel has so far not targeted any port in Iran but there are reports of some hits along the Iranian coast.Last year, India entered into a 10-year deal with Iran for management of the Chabahar Port by an Indian entity, India Ports Global Ltd . IPGL, which is a joint venture between Jawaharlal Nehru Port Trust and Kandla Port Trust, oversees Chabahar Port operations in partnership with Iran's Aria Banader. India's support for the Chabahar includes a $85 million investment for berth upgrades and a $150 million Exim Bank line of credit.Even the Taliban regime in Afghanistan is focussing on Chabahar and exploring to join INSTC as it seeks to reduce dependence on Pakistani ports. Some Central Asian states have also shown interest.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Hindu
26 minutes ago
- The Hindu
Telangana's next-gen Life Sciences policy to help attract large scale investments
Industries and IT Minister Babu on Wednesday said the next-gen Life Sciences policy that the Telangana government plans to soon unveil will be instrumental in attracting large scale investments. It will be a cutting-edge framework designed to attract large scale investments,' he said, adding that the State is pursuing an ambitious target to scale up its life sciences economy to $250 billion by 2030 and make Telangana the life sciences capital of Asia. The State's life sciences ecosystem is valued at $80 billion and it is the only region in the world to host more than 250 U.S. Food and Drug Administration (USFDA)-approved sites. Telangana is home to over 2,000 companies operating in the Life Sciences domain, Babu said, chairing the 6th board meeting of Telangana Life Sciences Foundation here. ₹54,000 cr. investment The life sciences sector in Telangana has witnessed remarkable growth under the leadership of Chief Minister Reddy. Since December 2023, the State has attracted investments worth ₹54,000 crore in the sector, in the process positioning Hyderabad as a global leader in life sciences. The investments have been across pharmaceuticals, biotechnology, cell and gene therapy, medical devices, vaccines and digital health. Hyderabad now ranks among the world's top seven life sciences clusters and it is the only Indian city to achieve this distinction. Global giants such as Eli Lilly, Amgen, MSD, Zoetis, Evernorth and Olympus have chosen Hyderabad as their preferred hub, he said. The progress made in the last year reflects our strategic commitment to creating a future-ready, knowledge-driven ecosystem. Two lakh jobs Robust policy support, industry-friendly infrastructure and strategic partnerships are factors behind attracting the investments that will result in potential employment generation of more than 2 lakh jobs by companies in areas such as sterile injectables, biosimilars, biologics, AI/ML and advanced healthcare services. The Minister also proposed preparing a feasibility report for establishing the Telangana School of Life Sciences. Board members of the foundation, including Dr. Reddy's Laboratories chairman Satish Reddy, Laurus Labs CEO Satyanarayana Chava, Special Chief Secretary Sanjay Kumar, Telangana Industrial Infrastructure Corporation vice-chairman and managing director and Telangana Lifesciences CEO Shakthi M. Nagappan participated in the meeting, the Minister's office said in a release.
New Indian Express
26 minutes ago
- New Indian Express
Jaisalmer youth held on charges of spying for Pakistan, fourth espionage case in 2025
JAIPUR: Investigation agencies in Rajasthan have arrested a 25-year-old man on charges of espionage in the Army area along the Jaisalmer–Jodhpur road. The suspect, identified as Jeevan Khan, was detained on Tuesday while allegedly speaking on Pakistani phone numbers. Officials said several other Pakistani contacts were saved in his mobile phone. He will be handed over to the Joint Investigation Committee for interrogation. According to sources, Khan had earlier worked at a restaurant in the Army area two to three years ago and had recently returned for work. He had been under surveillance for some time, with his calls and movements closely monitored. On Tuesday, officials intercepted him while he was on a call with a Pakistani number. Following Operation Sindoor, security agencies have stepped up vigilance in Rajasthan's border areas, keeping a close watch on individuals suspected of links with Pakistan. This marks the third espionage arrest since Operation Sindoor and the fourth case reported this year. Earlier this month, the arrest of DRDO guest house manager Mahendra Prasad in Jaisalmer had raised alarm among security agencies. Investigations revealed Prasad was in touch with a Pakistani handler using the name 'Colonel AK Singh' and had shared sensitive information about scientists visiting the Chandan Field Firing Range guest house. He also allegedly provided photographs of the area and details of local activities during Operation Sindoor. He remains in police custody until August 15. Khan's arrest adds to a series of espionage cases uncovered this year in Jaisalmer district. On 26 March, Rajasthan Intelligence arrested Pathan Khan, a resident of Karam Ki Dhani near the Chandan Field Firing Range, under the Official Secrets Act, days before the Pahalgam terror attack. On 28 May, investigators detained Shakoor Khan, a government employee and personal assistant to former Congress minister Saleh Mohammad, on similar charges and formally arrested him on 3 June. With four arrests in less than five months, intelligence and security agencies remain on high alert to prevent further spying attempts in Rajasthan's sensitive border areas.
Economic Times
26 minutes ago
- Economic Times
JeM uses E-wallets to bypass FATF, mini camps to evade Indian military strikes
Synopsis Following Operation Sindoor, Jaish-e-Mohammad is employing digital wallets linked to Masood Azhar's family to raise funds, circumventing FATF scrutiny. The terror group aims to establish a vast religious center network, mirroring Lashkar-e-Taiba's strategy, with plans to set up 313 new camps. A significant portion of the raised PKR 3. Agencies New Delhi: Hit hard by India during Operation Sindoor that targeted its headquarters and training camps, Pakistan-based Jaish e Mohamed (JeM) has been trying to raise funds using an elaborate digital wallet network and has been decentralising operations to minimise the impact of further Indian strikes on terror establishments across the tracking the terrorist organisation said that the outfit has drawn up a PKR 3.9-billion plan to establish a vast 'Markaz' or religious centre network that would replicate the modus used by Lashkar-e-Taiba. This includes setting up 313 new camps to make it more difficult for Indian agencies to track terror operations. The money is being raised using digital wallets that are linked to the family members of JeM leader Masood Azar and agencies have identified at least five such wallets with direct links to the proscribed organisation. This approach is being used to avoid scrutiny from international terror watchers like the FATF that has access only to bank records and would not be able to act on contributions made to an elaborate network of family members. Sources said digital wallets like 'EasyPaisa' and 'SadaPay' are being used to collect the funds and these function outside banking networks by allowing wallet-to-wallet and wallet-to-cash transfers. This would make FATF monitoring difficult. Sources added that Azhar's family uses 7 to 8 mobile wallets at any given time and replaces them every four months. After large amounts of money accumulate in the wallets, they are spilt into smaller amounts or are withdrawn as cash. At least 30 new wallets are activated every month. A collection drive for the PKR 3.9 billion plan is currently on, under the garb of creating the Markaz network. Sources however pointed out that by even generous estimates, the total cost of setting up the network would not surpass PKR 1.23 billion. The remaining money is likely to be used for weapon purchases and equipping terrorists aimed at India, with the estimate that this would sustain operations for the next decade.
