Transport Corridor Back in Focus
of Indian Prime Minister Narendra Modi's five-Central Asian
republic tour next month, the International North-South Transport
Corridor (INSTC) agreement has come back under focus. The
agreement on the transport corridor was inked more than ten
years ago with the aim of establishing better connections
to the Eurasian region through Iran, the
Business Standard reports.
signatories to INSTC had met earlier in June, where they reviewed
the status of the report on a dry run between India, Iran
and Russia via the Caspian Sea, while a follow-up meeting
has been slated for July.
transport corridor is expected to greatly diminish cargo transport
time between India, the Central Asian region and Russia. It
will transverse Nhava Sheva (Mumbai) through Bandar Abbas
(Iran) to Astrakhan (Russia) and Baku (Azerbaijan).
to Tuesday's deadline for the signing of Iran?s nuclear agreement
with the P5+1 Group of nations, the United States has cautioned
India to avoid doing business with Iran until the nuclear
deal is completed, according to a source close to the matter.