Washington, Nov. 13 -- The US Department of the Treasury has imposed sanctions on an Indian company among 31 global entities and individuals for allegedly supplying materials to Iran's ballistic missile and unmanned aerial vehicle (UAV) programmes.

Iran's procurement networks were specifically targeted for acquiring chemical precursors used in solid rocket propellants, which are essential for ballistic missile production, the US Treasury department said in a statement on Wednesday.

The action announced by the Treasury's Office of Foreign Assets Control (OFAC), is part of a wider sanctions package targeting 32 individuals and entities across Iran, the United Arab Emirates, Turkiye, China, Hong Kong, India, Germany, and Ukraine, the state...