International North-South Transport Corridor (INSTC) is a multi-modal transport corridor established in the year 2000 for the purpose of promoting transportation cooperation among the Member States. This corridor connects India-Ocean and Persian-Gulf to the Caspian Sea via Iran and is then connected to Saint Petersburg and North European via Russia.
The agreement has been ratified by 13 countries namely, Azerbaijan, Belarus, Bulgaria, Armenia, India, Iran, Kazakhstan, Kyrgyzstan, Oman, Russia, Tajikistan, Turkey, and Ukraine. The legal framework for the INSTC is provided by a trilateral agreement signed by India, Iran and Russia at the Euro-Asian Conference on Transport in 2000. Since then Kazakhstan, Belarus, Oman, Tajikistan, Azerbaijan, Armenia and Syria have signed instruments of accession to become members of the INSTC.
1. Reduce freight costs by 30% and journey time by 40% in comparison with the conventional deep sea route via the Suez Canal.
2. Once chabahar port is constructed, india’s access to afghanistan and central asia will be easy as INSTC has Chabahar in its route.
3. Provides an opportunity for the internationalisation of India’s infrastructural state.
4. Offers a platform for India to closely collaborate with Russia, Iran and Central Asian republics.
Containers of wood crossed Caspian sea from Russia and entered Iran, then to Arabian sea. This is the start of International North south corridor.