...
strategy becomes ever more apparent, positioning the region as a key player in India’s broader geopolitical and economic ambitions.
How is Central Asia Important?
Ivan Shchedrov:
India’s Growing Visibility in Central Asia
The region is crucial for India-Russia connectivity via the INSTC. The assertion in this year’s Modi-Putin summit joint statement to
“deepen cooperation
in building stable and efficient transport corridors,” with a focus on expanding logistics links in INSTC, highlights the crucial role Central Asia would ...
... implementation.
Developing the International North–South Transport Corridor (INSTC) with the inclusion of Iran’s Chabahar Port.
New Delhi views the closer discussion of projects in the transport and logistics sphere as strategic. Implementation of the INSTC would help eliminate the imbalance in interregional trade, which does not
exceed
$2 billion. A substantial share of India’s merchandise exports consists of capital-intensive goods, which are transported by air.
Implementing projects related to resource development.
Of particular note is the India–Central Asia Rare Earth Forum,
established
in September 2024. The ...
... for further investment is also to remain. The estimates are that USD 17.7 billion more are required to deal with the most important bottlenecks. Here is where India is expected to become a natural partner in completing the INSTC infrastructure.
For India, the INSTC project is important at the political level, as was mentioned above, but its direct involvement in the development of corridor sections has so far been limited. Despite being the final destination of the route, New Delhi has not been actively involved ...
... necessary conditions for improving trade between two nations. The Joint Feasibility Study Group (JFSG) instituted by India and EAEU authorities painted a similar picture. Both reports emphasized the
success
of the International North-South Trade Corridor (INSTC) and the
creation
of “Green Corridor” between India and Russia to achieve the USD
30 billion
trade goal by 2025. Both countries must
explore
the opportunities to collaborate and lead joint ventures in the Indo-Pacific wherever feasible. The collaboration has to include areas other than defense ...
... engineering export. These together account for more than 92 percent of India’s total export of engineering products across the INSTC corridors (Figure 1).
Figure 1:
Share of INSTC's member countries in India's engineering
X. Major items of export from India to INSTC member countries
Table 3:
India’s major engineering exported to members of INSTC countries
Countries
Engineering products exported by India (2016)
Iran
Machinery, Iron Steel, Electrical Machinery, Vehicles, Articles of Iron Steel, Copper articles,...
