link : An India-Russia corridor could be New Delhi’s answer to China’s OBOR
An India-Russia corridor could be New Delhi’s answer to China’s OBOR
Modi travelled to Fiji and met 12 leaders of the Pacific island nation. This was the first visit by an Indian PM to Fiji in 33 years. This was followed by a visit to India by leaders of 14 Pacific island countries. These contacts will be hugely beneficial in providing India with critical support on issues like reform and expansion of the UN Security Council, conclusion of a comprehensive convention on international terrorism etc.
Modi went to Mongolia, the first Indian PM ever to visit this friendly country. Presence of vast reserves of uranium and inking of a civilian nuclear deal added further substance to this partnership.
Modi travelled to South Korea to further deepen bilateral commercial and economic partnership. Discussions on upgrading the bilateral FTA to a balanced and equitable comprehensive economic partnership agreement have been initiated.
During President Obama’s visit as chief guest at India’s Republic Day celebrations in 2015, Modi stated: ‘’For too long, India and the US have looked at each other across Europe and the Atlantic . When I look towards the East, I see the western shores of the United States.’’ The Joint Statement ‘’Shared Effort: Progress for All’’ issued during the US President’s visit recalled ‘’Noting that India’s Act East Policy and US’ rebalance to Asia provide opportunities for India and the US and other Asia-Pacific countries to work closely to strengthen ties, the leaders announced a Joint Strategic Vision to guide their engagement in the region.’’
India’s Act East Policy has imparted greater dynamism, vigour and focus to relations with countries to its east. This has acquired greater relevance in the global geostrategic space. India’s political, strategic, security, economic, commercial, cultural and people-to-people relations with ASEAN countries as well as USA, Japan, South Korea, Australia, New Zealand, Bangladesh and China are poised to expand, providing India with an opportunity to play its rightful role in the region and the world.
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Ashok Sajjanhar
The author is a former Ambassador of India to Kazakhstan, Sweden and Latvia. He is currently President, Institute of Global Studies.”
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Does India have an answer to China’s ‘One Belt, One Road’ (OBOR) project and its contentious component, the China-Pakistan Economic Corridor (CPEC)? Only time will tell. However, India is a founding member of the International North-South Transport Corridor (INSTC), a multi-nation project to create transport and logistics infrastructure akin to OBOR.
INSTC’s significance might have just gone up as India expressed its reservations against OBOR, refusing to attend China’s Belt and Road Forum summit on Sunday following concerns regarding sovereignty over the CPEC. With China moving ahead and securing the endorsement of even the US, the European Union and Asian rival Japan for its initiative, India should lay emphasis on its own transport and trade corridor project.
What is the INSTC ::
A geostrategic initiative being pushed by India to connect with Central Asia and Russia, INSTC’s second dry run was reportedly conducted in April this year.
The roughly 7,200 kilometre-long INSTC is a proposed multi-modal (ship, rail and road) transportation system connecting the Indian Ocean and Persian Gulf to the Caspian Sea via the Islamic Republic of Iran, from where it connects St Petersburg, Russia, and North Europe. (Read more)
According to the Russia & India Report, “The main route begins in Mumbai, passes along the sea to the Iranian ports of Chabahar and Bandar Abbas, and from there by land to Iran’s Caspian Sea coast and beyond – or across the Caspian Sea to Astrakhan, or overland to Central Asia or the Caucasus to Russia and northern Europe.”
INSTC is expected to slash time for transportation of cargo to Russia from India by half to about 30 days.
According to a Livemint report on the dry run of the corridor, Indian government officials have said that the INSTC could reduce the time and cost of deliveries by 30-40 per cent. Also, the INSTC is much shorter than the current route, which runs through the Suez Canal and the Mediterranean Sea. Citing the officials, the report added that goods transported through the Suez take 45-60 days to reach Europe, while those transported through INSTC would take 25-30 days.
INSTC’s viability also depends upon the Chabahar port in Iran. Situated on the Makran Coast of the Sistan and Baluchestan province of Iran, Chabahar will also serve as a trans-shipment and logistics hub for the INSTC.
India and Iran had in 2003 agreed to develop Chabahar on the Gulf of Oman outside the Strait of Hormuz, near Iran’s border with Pakistan.
Source:-Business Standard
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