on India-Russia-Iran transport corridor via Central Asia
of Prime Minister Narendra Modi's five-nation tour of Central
Asia in July, the focus is back on an agreement for the International
North-South Transport Corridor (INSTC) that India signed more
than a decade ago with Russia and Iran -- even as a June 30
deadline for the Iranian nuclear deal draws near.
INSTC agreement was signed more than a decade ago for better
connectivity to the Eurasian region through Iran. The INSTC
members met earlier this month and reviewed the status of
report on the dry run between India, Iran and Russia via the
Caspian Sea, while a follow-up meeting has been slated for
transport corridor across Nhava Sheva (Mumbai) through Bandar
Abbas (Iran) to Astrakhan (Russia) and Baku (Azerbaijan) is
expected to substantially cut cargo transportation time between
India, the Central Asian region and Russia.
connection with Tuesday's deadline for Iran's nuclear agreement
with the P51 group of nations, an official source here told
IANS that India has been cautioned by the US to avoid doing
business with Iran till the nuclear deal is finalised.
Transport and Shipping Minister Nitin Gadkari travelled to
Tehran last month to sign an MoU on expansion of the Chabahar
port in Iran.
July, Modi is slated to visit Ufa City in Russia for the Shanghai
Cooperation Organisation (SCO) and BRICS summits, where he
will also have an extended meeting with President Vladimir
Putin on plans to further the strategic partnership between
Russia and India.
he will visit the central Asian nations of Turkmenistan, Tajikistan,
Uzbekistan, Kyrgyzstan and Kazakhstan, making for the first
visit by an Indian prime minister after Jawaharlal Nehru to
a region linked by history with India.
Kazakhstan is a major oil producer and Turkmenistan and Uzbekistan
have some of the biggest natural gas reserves, Tajikistan
and Kyrgyzstan are estimated to have considerable untapped
historical ties to Central Asia run deep considering the journey
of the Turkicised Mongols from the region to India to found
the Mughal Empire.
India and the three-member Eurasian Economic Union of Russia,
Kazakhstan and Belarus have set up a joint study group to
explore the feasibility of a free-trade agreement for promoting
bilateral trade and investments, India's commerce ministry
said in a statement here earlier this week.
study group will submit its report within a year.