International North-South Transport Corridor (INSTC)

Date: July 17, 2015

India Iran russia Turkey

INSTC:India’s strategic gateway to Central Asia and Eurasia 

The International North-South Transport Corridor (INSTC) is a multi-modal trade transport network that includes strategic rail, road, and water transport connecting India with Central Asian and Eurasia Countries. With the recent tour of Prime Minister to 5 Central Asian Countries viz Uzbekistan, Kazakhstan, Turkmenistan, Kyrgyzstan and Tajikistan it got in focus again.

The proposed INSTC route via Bandar Abbas in Iran to Russia and other CIS Countries in transit through IRAN, could be the best route with optimal transit/cost for the Indian Exporters.

The Member Countries signatory to the INSTC convention :-
INDIA , The Islamic Republic of Iran, The Russian Federation, The Belarus Republic , The Kazakhstan Republic, The Kyrgyzstan Republic,The Republic of Armenia,The Republic of Azerbaijan, The Republic of Bulgaria, The Sultanate of Oman,The Tajikistan Republic, The Turkey Republic Ukraine.

prepare ias

                                                                                           Previous Route (Transit Time 40 to 60 days)
                                                                                          -INSTC Route (Transit Time 25 – 30 days; 40% shorter, 30% cheaper)
The following Two routes were decided with physical cargo container shipment
Route 1 :Nhava Sheva, India to Baku , Azerbaijan

Route 2: Nhava Sheva , India to Astrakhan , Russia

Implications For India:-  The INSTC will be strategically important trade corridor of tremendous promise that could help to develop its economic and strategic importance in Eurasia and Central Asia. It could also give India economic and strategic relevance to tackle regional ambitions of China through its One Belt, One Road Initiative.

Source:- http://www.instcindia.in/about.php