North-South Transport Corridor, also known as International North–South Transport Corridor (INSTC) and Russia-India Corridor is a 7,200 km long multi-mode network of the ship, rail, and road route for moving freight between India, Russia, Iran, Europe and Central Asia.
The objective of the corridor is to increase trade connectivity between member nations. The route primarily involves moving freight from India, Iran, Azerbaijan, and Russia via ship, rail, and road.
The transport costs can be reduced by $2,500 per 15 tons of cargo. Also, the bulk trade between South-East Asia and the Eastern as well as Central Asian Nations can increase. Resource-rich Russia and high-tech products of Europe will have easier access to Indian market. Also, the longer route of Suez canal can be avoided for connecting Asia with Europe. According to Federation of Freight Forwarders’ Associations (India), the route is, “30% cheaper and 40% shorter than the current traditional routes. Hence scope trade dominance is huge on this route.
Mode of Transport
|Mumbai (India)||Bandar Abbas (Iran)||Sea route|
|Bandar Abbas (Iran)||Bandar Anzali (Iran)||Road network|
|Bandar Anzali (Iran)||Astrakhan (Russia)||Sea route|
|Astrakhan (Russia)||St. Petersburg (Russia)||Rail route|
Northern Junction: Saint Petersburg, Moscow, Astrakhan, Baku, Bandar Anzali, Tehran,
Southern Junction: Mumbai.
Other routes under consideration include via Kazakhstan and Turkmenistan.
India, Iran, Russia, Turkey, Azerbaijan, Kazakhstan, Armenia, Belarus, Tajikistan, Kyrgyzstan, Oman, Ukraine, Bulgaria, Estonia.
The corridor will be synchronized with the Ashgabat agreement, a multi-modal 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.