India signs MoU with Russia to fast-track North-South corridor
By Trend
India, eyeing a bigger role in Eurasia and Afghanistan amid prevailing geopolitics, has signed a memorandum of understanding with Russia for fast-tracking International North South Transport Corridor (INSTC) that will enable a smoother connectivity to the region via Iran, Trend reports citing The Economic Times.
Russian Railways Logistics Joint Stock Company (RZD) and Container Corporation of India (CONCOR), the largest rail container transport operator in India, last week signed the MoU for providing logistics services on INTSC, the implementation of which has been delayed for years despite a dry run on the corridor in recent years. The MoU involves study of possibilities for developing joint logistics projects in Russia and India using international transport corridors, including INSTC, EThas learnt. India and Russia have been in dialogue to jointly implement connectivity projects or corridors within the Eurasian region as well initiatives that connect Eurasia with the Indian Ocean Region.