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3:16 pm - Tuesday January 20, 8320

Indo-Russia Corridor

India’s road, rail and sea economic corridor that will go upto Europe will be inaugurated in mid January. India-Russia-Iran signed agreement for it in the year 2000 and since last 17 years the work is going on it.

It will connect Indian ocean and Persian Gulf of Iran through Saint Petersburg of Russia with Caspian Sea. Recently on December 3 this year India-Iran-Afghanistan three nation economic corridor through Chabahar Sea Port of Iran was inaugurated and became functional.

India so far carrying out its trade with Afghanistan through the land territory of Pakistan. But now Indo-Afghan is going through Chabahar in less cost and time factor. Now India-Iran-Russia corridor is another milestone in economic and trade fields of these nations.

Now heavy consignments of these countries will pass the corridor named as International North South Transport Corridor (INSTC). These two corridors have opened immense opportunities for these countries. Now for Indo-Arab and European trade sea, road rail and air routes are available.

This corridor is connecting Mumbai with Saint Petersburg and it is estimated that this corridor will handle cargo movement of 3 crores tonnes. Chabahar and INSTC corridor are inter-connected economic links.

It will reduce the transport cost to Europe and Russia drastically. India is working on one such project with South Eastern countries to have land road corridor between India-Bangla Desh-Myanmar-Thailand-Cambodia-Laos upto Vietnam.

In due course it will be possible to have long rail route along with this trans-national road corridor. Air traffic is mostly and mainly for passenger service. Trade through the air route is very costly and heavy consignments for always ship loaded.

But the land corridor will give boosts the heavy trade through the land route is safe and cheap transportation. India is marching ahead on having trans-national economic corridor on universal basis.

Posted in: Editorial

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