India-Azerbaijan ties could accelerate key INSTC missing link: Expert

Prime Minister Modi's meeting with Azerbaijan's President Aliyev raises INSTC corridor hopes. This multimodal corridor connects Mumbai with St Petersburg via Iran and Azerbaijan. India and Russia have traded using this key connectivity initiativ...

PTI
Prime Minister Modi's meeting with Azerbaijan's President Aliyev raises INSTC corridor hopes
New Delhi: The recent meeting between Prime Minister Narendra Modi and Azerbaijani President Ilham Aliyev in Bishkek, the first ever between the leaders of India and Azerbaijan, has raised hopes for the effective implementation of the International North-South Transport Corridor (INSTC).

The multimodal corridor, which connects Mumbai with St Petersburg and beyond, is the shortest via the Iran-Azerbaijan route compared to the other two routes of the INSTC.

Also Read: India's economic ties with Azerbaijan improve despite political drift


Working relations between India and Azerbaijan could encourage the latter to expedite construction of a missing link of INSTC to boost the connectivity initiative, said an expert on the Eurasian connectivity links.

INSTC, as well as the Chennai-Vladivostok Maritime Corridor along the Northern Sea Route will be high on the agenda when Modi meets Russian President Vladimir Putin on Friday ahead of the BRICS Summit, according to people familiar with the matter. Russia is also exploring a plan to build a rail link to India via Central Asia as a hedge against risks associated with the Strait of Hormuz and the Bosphorus, they said.

Also Read: Modi, Aliyev meet for first time as India, Azerbaijan seek to reset ties
ADVERTISEMENT

Though slow in implementation due to a number of factors, including sanctions on Iran, INSTC remains one of India's key connectivity initiatives to Eurasia. Over the past four years, India and Russia have traded using the corridor.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › Economy › Foreign Trade › India-Azerbaijan ties could accelerate key INSTC missing link: Expert
Text Size:AAA
Success
This article has been saved

*

+