To offer expected time savings of 40 per
cent with a 30 per cent reduction in the cost of trade, the first pilot transports
under TIR (Transports Internationaux Routiers or
International Road Transport) between India and Iran along International North
South Transport Corridor (INSTC) have been set for early 2018 at strategic
talks recently held in Mumbai. The two-day meeting gathered 20 high level
representatives from India and Iran’s transport industry as well as
representatives from Customs. The goal of the meeting was to discuss the
implementation of TIR and to establish cooperation between
representatives of the public and private sectors in order to activate the use
of TIR along the INSTC.
Also, during a visit to the port
of Mumbai, the Indian Ambassador to Iran, Dr. Saurabh Kumar,
highlighted the strategic importance of the INSTC corridor as well
as Chabahar port in Iran. He welcomed the discussions between the
public and private sectors of the two countries on how to facilitate transport
and transit along this corridor, in particular by using TIR.
a multimodal transport corridor conceived in 2000 by India, Iran and
Russia – offering significant trade prospects for all three countries.
Later INSTC was expanded to include 10 new members: Armenia,
Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Oman, Syria, Tajikistan, Turkey