The cargo will be transported to the Bandar Abbas port in southern Iran via a 1,600-kilometer rail route, before finally being sent by sea to the Indian port of Nhava Sheva, according to the Tehran Times. The Russian train was allowed to enter Iran’s border in a ceremony attended by First Vice President Mohammad Mokhber, the Ministers of Transport, Oil, Industry and Agriculture and the Vice President of Science and Technology.
Speaking at the ceremony, Mokhber stressed the Iranian government’s determination to expand trade with neighboring countries, especially in the transit sector, according to the Tehran Times. One million tons of goods can be reached per year.” The North-South Corridor consists of three road sections, namely Eastern, Western and Central.
Iran and Russia are also cooperating in the maritime sector to use the Caspian Sea to shorten the transit route from Russia to India. The North-South International Transport Corridor is a corridor for increasing trade between India and Russia.
The length of this commercial road is 7200 km and
Delivery is carried out using a multi-modal network of roads, ships and railways. This road connects India and Russia through Iran and Azerbaijan. The corridor aims to reduce transport costs between India and Russia by around 30 percent and reduce transit time from 40 days to more than half. Earlier this week, the Islamic Republic of Iran Shipping Companies (IRISL) announced that it had allocated 300 containers to transport goods between Russia and India, the Tehran Times reported. The mentioned containers were intended for the implementation of the first stage of the Russian goods transportation program to India along the North-South corridor using the Caspian Sea.
“According to the plans developed by the shipping lines of the Islamic Republic of Iran, 300 containers were considered for the transportation of goods to Russia in the first stage, and in case of an increase in demand, the number of these containers will increase. continuously,” IRISL said in a statement. He said. Russia, India and Iran are the founding countries of INSTC.
The contract was signed in 2002. The INSTC project has 13 member countries – India, Iran, Russia, Azerbaijan, Armenia, Kazakhstan, Belarus, Tajikistan, Kyrgyzstan, Oman, Turkey, Syria and Ukraine. Bulgaria is an observer country.
Baltic countries such as Latvia and Estonia have also expressed their desire to join INSTC. India is showing interest in expanding INSTC membership to countries like Afghanistan and Uzbekistan. The creation of a land route through Kabul and Tashkent to create the INSTC “Eastern Corridor” would increase the potential of this cooperation. India also wants to include Chabahar Port in the International North-South Transport Corridor (INSTC).
Potential export sectors in India benefiting from INSTC include perishables (fruits and vegetables), high value items such as ATMs, industrial printers, 3D printers, robotic assembly supplies, etc., cross-border e-commerce and industries, which are similar.
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