NEW DELHI: Inching closer to making the International North South Transportation Corridor (INSTC) a reality — connecting India with Russia and Europe via Iran — a dry run of container movement via the green corridor (smooth customs facilitation) will be conducted during the next fortnight, marking the 70th anniversary of Indo-Russian diplomatic ties.
INSTC will substantially reduce time taken and cost for transport of goods between India and Eurasia once fully functional and increas ..
A study, conducted by the Federation of Freight Forwarders' Associations in India, showed that INSTC will be 30% cheaper and 40% shorter than the existing trade routes.
( Milissa )26 Apr,2017
BRIEF
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