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Suez Canal disruption opens door for India-backed North South Corridor as alternative
Mon, Apr 05 2021 02:50:38 PM
By Atul Aneja
New Delhi, Apr 5: The serious disruption caused to traffic flows through the Suez Canal after a container ship went aground, has once again drawn attention to an expanded International North South Corridor (INSTC) as a superior transit option in the years to come.
Russia, Iran, and India have been quietly working on establishing a 7,200 km-long, multimodal trade corridor called INSTC.
As it evolves, the INSTC is adding vital new spurs, fast emerging as a gigantic enterprise, which would link South Asia and West Asia with the beating heart of the Eurasian mainland.