The International North-South Transport Corridor (INSTC) and India: potential and impediments

O Corredor Internacional de Transporte Norte-Sul (INSTC) e a Índia: potencial e impedimentos

ABSTRACT

The model corridor stretching from Mumbai (India) to St. Petersburg (Russia) through Iran and Azerbaijan is known as the International North-South Transport Corridor (INSTC). This multi-modal corridor is around 7,200 km long and consists of rail, roads, and waterways. The main objective of the construction of the corridor is to improve connectivity and trade relations between the North and the South. It will play a crucial role in promoting regional cooperation and economic integration. Bilateral relations between the member countries will be developed through the project. India will have easy access to the resource-rich Central Asian nations via this corridor, bypassing Pakistan. It will help India by exporting its products to the North and Central Asian countries, including Russia, and importing hydrocarbons at a lower cost by avoiding the traditional long-time route. In the present geopolitical situation, this venture will also improve India’s strategic relations with the member countries. Although the project at present is suffering from some glitches, it will be a game changer for India’s Eurasia policy in the near future.

KEYWORDS:
INSTC; multi-modal corridor; Central Asian countries; bilateral trade; infrastructure