Modi is quietly pushing for a counter to China's OBOR with Russia, Iran's help Read more at: http:

[neem456]

NEW DELHI: Inching closer to making the International North South Transportation Corridor (INSTC) a reality — connecting India with Russia and Europe via Iran — a dry run of container movement via the green corridor (smooth customs facilitation) will be conducted during the next fortnight, marking the 70th anniversary of Indo-Russian diplomatic ties.

INSTC will substantially reduce time taken and cost for transport of goods between India and Eurasia once fully functional and increase economic activities between India and the resource-rich Russia as well as markets of Europe.

The INSTC has moved closer to implementation after India decided to join international customs convention TIR following cabinet approval. The modalities of making INSTC functional was a discussed at a multi-stakeholder meeting on Monday, people familiar with the developments told ET. INSTC is one of corridors that Delhi is working on as part of connectivity initiatives parallel to China's One Belt One Road strategy.


PM Narendra Modi might visit Astrakhan entry point of INSTC in Russia during his June trip to St Petersburg for International Economic Forum. India and Russia celebrates 70 years of diplomatic ties on April 13 and a series of events and visits are planned through the year.

INSTC is a land-and sea-based 7,200-km long network comprising rail, road and water routes that are aimed at reducing costs and travel time for freight transport in a bid to boost trade between Russia, Iran, Central Asia, India and Europe.

A study, conducted by the Federation of Freight Forwarders' Associations in India, showed that INSTC will be 30% cheaper and 40% shorter than the existing trade routes.


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[Banglar Bir]

Wow really a welcoming initiative, hope you have trillions of surplus $$$$$ to implement the project.

 

[武成王]

Any infrastructure project financed by India to promote interconnection of business is welcomed,
China could spend less and take less risk, thank you India.

 

[Hassan Guy]

 

[Clutch]

Never gonna happen.

People with such small hearts don't take up such large initiatives.

 

[Raphael]

So what does this have to do with us again? I just can't see the relevance

 

[Skywalker]

So how are they planning to connect Iran via land route.

 

[Naara-e-Mastana]

Lolz BS..

 

[Max]

to counter China? how? did China ever opposed your this initiative? typical bollywood media.

 

[hit&run&hitagain]

Any infrastructure project financed by India to promote interconnection of business is welcomed,
China could spend less and take less risk, thank you India.

This post actually makes great sense. Same we will do with OBOR, once the hype goes down and signaling China is trying to tag along to please Pakistan is compromised.

So how are they planning to connect Iran via land route.

Sea route. Upgrading ports and increasing saturation is going on already. One port is being developed by Russian company as we speak.

 

[ito]

Never gonna happen.

People with such small hearts don't take up such large initiatives.

Nobody does anything for charity. India will spend money for its own interests and if it benefits other that is great.

 

[Super Falcon]

Russia will never be part of anything against China Indian belt consist of sea land air costs more and have less faith internationaly becoz india blackmail states rather than they do business fairly

Modi is wasting lot of money against isolating Pak India don't have money to do it

 

[ito]

to counter China? how? did China ever opposed your this initiative? typical bollywood media.

India thinks itself as a challenger eventually to Chinese power hence this initiative. Once India's GDP crosses $5 trillion, India will have surplus money to spend to counter China. The rivalry is going to grow more in future. The beneficiaries will be smaller states where both countries will vie for influence.

 

[Jlaw]

Indian posters are great for entertainment, deep inside they are in pain. I feel for these losers.

calling out banned Hindus with multiple accounts ie @attack

 

[Zer0reZ]

You forgot Japan