International North–South Transport Corridor (INSTC)

2022 JUN 13

Preliminary   > International Relations   >   Agreements   >   Multi lateral Agreement

Why in news?

  • India, Iran and Russia have given momentum to operationalise the International North South Transport Corridor (INSTC) - the shortest connectivity route for Indo-Russian trade –– days after the Iranian Foreign Minister visited Delhi.

About INSTC:

  • The International North–South Transport Corridor (INSTC) is a 7,200-km-long multi-mode network of ship, rail, and road route for moving freight between India, Iran, Afghanistan, Azerbaijan, Russia, Central Asia and Europe.
  • The route primarily involves moving freight from India, Iran, Azerbaijan and Russia via ship, rail and road.
  • The objective of the corridor is to increase trade connectivity between major cities such as Mumbai, Moscow, Tehran, Baku, Bandar Abbas, Astrakhan, Bandar Anzali, etc.
  • Dry runs of two routes were conducted in 2014, the first was Mumbai to Baku via Bandar Abbas and the second was Mumbai to Astrakhan via Bandar Abbas, Tehran and Bandar Anzali.
  • This will also synchronize with the ‘Ashgabat agreement’
    • It is a Multimodal transport agreement signed by India, Oman, Iran, Turkmenistan, Uzbekistan and Kazakhstan, for creating an international transport and transit corridor facilitating transportation of goods between Central Asia and the Persian Gulf.

PRELIMS QUESTION

Consider the following statements regarding INSTC project:

1. It will try to improve the connectivity in central Asian region.

2. India is a member of the project.

Which of the statements given above is/are correct?

(a)1 only

(b)2 only

(c)Both 1 and 2

(d)Neither 1 nor 2

                   C

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