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competition refresher magazine subscription Recently INSTC began operation with the first shipment from Russia to India via Iran. INSTC Significance for India o Reduce carriage cost between India and Russia by 30% and bring down transit time (almost half compared to suez canal). o Will help India to gain smooth access into Central Asia and beyond to Arctic Nordic and Baltic region and will help to expand trade and investment links. competition refresher magazine Reduce dependence on current trading partners especially energy connectivity through realignment of supply chains. o It is also being seen as Indias alternative to Chinas Belt and Road Initiative (BRI). Other Planned Corridors Connecting India with Russia and Europe ChennaiVladivostok Maritime Corridor connecting IndiaRussia. o Indias ArabianMediterranean (ArabMed) Corridor connecting India with mainland Europe via Piraeus port of Greece and Middle East competition refresher magazine pdf.
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