Connect with us

Featured

Why is Iran So Vital For India That Delhi Even Defied the United States?

Published

on

Iran-India relations have never been better before. India lays utmost importance to its relations with Iran and oil is not the only reason. India, Iran and Russia will meet next month to discuss the operation of a 7,200 km trade and transport corridor that offers an economical and faster alternative to the traditional route through the Suez Canal. EurAsian Times analyses the article of PressTV.

The International North-South Transport Corridor (INSTC), a chain of sea and rail routes, will link the Indian Ocean and the Persian Gulf via Iran to Russia and North Europe. The project initiated due to Chinese ambitious One Belt One Road initiative. Within Iran, the two routes overlap in a potential boon to future businesses.

Iran-India

 

India has been actively wooing Iran, given the highest value it attaches to the route and Tehran has been receptive. Once operational, the corridor will allow India to send its goods to Bandar Abbas in Iran by sea, from where they will be shipped to Iran’s Bandar Anzali on the Caspian Sea by road. Next, they will be shipped to Astrakhan in Russia and transported into Europe by rail.

The route will cut the time and cost of delivering goods by about 30% to more than 40%. Compared with the Suez Canal, the corridor will diminish the transit time between Mumbai and Moscow to about 20 days. The expected capacity of the corridor is 20 to 30 million tonnes of goods per year.

An Indian official statement stated: Russia and Iran will hold a trilateral meeting on November 23 to make the route operational soon, Indian media reported Tuesday. “The INSTC is the shortest multimodal transportation route linking the Indian Ocean and the Persian Gulf via Iran to Russia and North-Europe,” India’s Ministry of Commerce and Industry said in the statement.

To access resource-rich Central Asia, India has to route its goods either through China, Europe or Iran. The routes through China and Europe are long, expensive and time consuming, while Iran presents the most viable one.

The first dry run of the INSTC was conducted in August 2014 and the second in April 2017. India is attempting to leverage the strategic Chabahar port in southeast Iran to link with the INSTC. The country has committed $500 million to Chabahar that it is constructing mainly to crack open a trade and transport route to landlocked Afghanistan.

For landlocked Afghanistan, the corridor means opening the way to billions of dollars in trade and cutting the country’s dependence on foreigners for aid as well as stemming the illicit opium trade.

More News at EurAsian Times

Advertisement
Advertisement

Facebook

FEATURED

S400-VS-F35 S400-VS-F35
Americas9 hours ago

Is The UAE Threatening To Opt For Russian Su-57 Jets Over US’ Stealth F-35 Warplanes??

The United Arab Emirates (UAE) has warned that if the US refuses to supply it with F-35 and MQ-9 Reaper...

india-russia india-russia
Featured10 hours ago

Indian, Russian Navy Hold PASSEX Exercise In The Eastern Indian Ocean Region

On the occasion of Navy Day, the Indian Navy is conducting a passage exercise (PASSEX) with the Russian Navy in...

Pakistan-Turkey-Relations Pakistan-Turkey-Relations
Featured12 hours ago

After Backing Pakistan on Kashmir, Is Turkey’s Erdogan Hiring Syrian Mercenaries To Fight In The Valley?

For some time now, Turkey has been making attempts to grow its influence among the Muslims in South Asia in...

iran-israel iran-israel
Featured13 hours ago

Assassination Of Top Iranian Scientist Will Complicate Relations Between The US & Iran: Joe Biden

Joe Biden, the next President of the United States said the assassination of Iranian nuclear scientist Mohsen Fakhrizadeh is likely...

BRAHMOS BRAHMOS
Asia Pacific15 hours ago

From Rafales, Su-30 MKIs & Tejas, Why Next-Gen BrahMos Missile Can Be A Game-Changer For The Indian Air Force?

Amid the border row with China, the Indian armed forces successfully test-fired the BrahMos supersonic cruise missiles in the past...

India-Pak-War-1971 India-Pak-War-1971
Asia Pacific17 hours ago

What Did Indira Gandhi Tell Naval Chief Before Indian Navy Bombed Karachi Port In 1971 War?

India marks 4 December as Navy Day to commemorate the Indian Navy’s attack on the Karachi port during the 1971...

Asia Pacific18 hours ago

Indian Navy To Counter Chinese Swarm Drones With New Guns That Can ‘Smash’ UAVs

Countries across the globe are looking for innovative ideas to check the menace of small drones or small unmanned aerial...

TYPHOONS TYPHOONS
Featured19 hours ago

Eurofighter Typhoons ‘Soar & Roar’ In Qatar As Royal Air Force Conducts Drills With Emiri Air Force

The British Royal Air Force and Qatar Emiri Air Force, for the first time in history, have come together for...

imran-khan imran-khan
Asia Pacific19 hours ago

Not India, Former ISI Chief Hints At UAE, Saudi Arabia Being The Biggest Threat To Pakistan

Durrani said that Pakistan is not threatened by India but is mired with its internal problems, including political instability and...

ERDOGAN-TURKEY ERDOGAN-TURKEY
EurAsian Region21 hours ago

Russia, Pakistan To Be First Buyers Of Turkey’s Mobile Anti-Drone System That Can Smell UAVs From 5000 Meters

As Turkey is gradually emerging as a drone superpower, its key allies Russia and Pakistan have shown tremendous interest in...

Advertisement
Advertisement