INSTC

Facts for Prelims

INSTC

News: Recently, Containers from Russia’s Astrakhan port crossed the Caspian Sea and eventually reach Nhava Shiva port in Mumbai, signaling the launch of the International North-South Transport Corridor (INSTC).

What is INSTC?
• INSTC is a 7,200-km multi-modal transport corridor that combines road, rail and maritime routes connecting Russia and India via Central Asia and Iran.
• The corridor is expected to consolidate the emerging  Eurasian Free Trade Area.
• 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.

Importance of INSTC
• It can bypass Pakistan thereby giving access to Afghanistan, Central Asia and beyond.
• It reduces freight costs by 30% and the journey time by 40% in comparison with the conventional deep-sea route via the Suez Canal.
• INSTC can shape a north-south transport corridor that can complement the east-west axis of the China-led Belt and Road Initiative (BRI).
• It signals significant shift in approach of Indian Foreign policy from that of Non-alignment to multi- alignment. India is working on QUAD, SCO, INSTC, I2U2 (West Asian Quad)

DICS Branches

Our Branches

DICS Ahmedabad

Ahmedabad

(Head Office)

Address : 506, 3rd EYE THREE (III), Opp. Induben Khakhrawala, Girish Cold Drink Cross Road, CG Road, Navrangpura, Ahmedabad, 380009.


Mobile : 8469231587 / 9586028957

Telephone : 079-40098991

E-mail: dics.upsc@gmail.com

Gandhinagar

Address: A-306, The Landmark, Urjanagar-1, Opp. Spicy Street, Kudasan – Por Road, Kudasan, Gandhinagar – 382421


Mobile : 9723832444 / 9723932444

E-mail: dics.gnagar@gmail.com

DICS Vadodara

Vadodara

Address: 2nd Floor, 9 Shivali Society, L&T Circle, opp. Ratri Bazar, Karelibaugh, Vadodara, 390018


Mobile : 9725692037 / 9725692054

E-mail: dics.vadodara@gmail.com

DICS Surat

Surat

Address: 403, Raj Victoria, Opp. Pal Walkway, Near Galaxy Circle, Pal, Surat-394510


Mobile : 8401031583 / 8401031587

E-mail: dics.surat@gmail.com

DICS New Delhi

New Delhi

Address: 53/1, Upper Ground floor, Near Popular juice, Old Rajinder nagar, New Delhi -60


Mobile : 9104830862 / 9104830865

E-mail: dics.newdelhi@gmail.com