INDIA TRANSPORT CORRIDOR
India, Russia prepare to sign military logistics pact soon
The pact will streamline procedures for Russian and Indian military units participating in joint exercises, ensuring seamless operations, sources said. It may also enhance a collective Eurasian security framework amid rising geopolitical tensions and expanding the International North South Transport Corridor.
IMEE-EC's India-UAE segment on track: Ports' digital integration moves forward, set to be ready in 100 days
The strategic India-Middle East Europe Economic Corridor (IMEE-EC) is set to commence its India-UAE leg, with a digital platform for port information exchange expected to be operational within the first 100 days of the Modi government. The initiative, aimed at enhancing trade connectivity, faces challenges due to tensions in West Asia, but recent support from the G7 has bolstered its prospects. The corridor, divided into phases, will facilitate the movement of cargo from locations in India to Israel.
Meerut to Ghaziabad in 30 minutes: Namo Bharat Rapid rail services to Meerut South station may start next week
The Namo Bharat rapid rail corridor is likely to be extended from Sahibabad to Meerut South by the end of this month, enhancing connectivity between Ghaziabad and Meerut. Approved by the Commissioner of Metro Rail Safety, this 8km extension will cut travel time to 30 minutes. The project includes 13 Meerut stations, with substantial benefits for students and commuters, promising a significant upgrade in travel efficiency.
G7 Summit: PM Modi, Zelenskyy discuss Black Sea transport corridor, increase exports of sunflower oil to India
On the sidelines of the G7 Summit, Ukrainian President Volodymyr Zelenskyy met with Prime Minister Narendra Modi in Italy. "The President spoke about the functioning of the Black Sea transport corridor, which makes it possible to increase exports of sunflower oil to India and turnover of other categories of goods," the Ukrainian president's website read.
Strong hybrids need to replace ICE models and not EVs: Maruti Suzuki executive
Maruti Suzuki India executive emphasizes strong hybrids over fossil fuel-powered models and pure electric vehicles (EVs) for auto industry sustainability.
Singapore may eye Chabahar Port to create trade & transit corridor between SE Asia & C Asia
Singapore aims to access resource-rich Eurasia through India's Chabahar port in Iran, managed by New Delhi. The port plays a vital role in establishing a trade corridor with Kazakhstan, connecting Southeast Asia and Central Asia.
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Soon, highways and city roads may have dedicated lanes for two-wheelers
The Ministry of Road Transport plans to introduce dedicated lanes for two-wheelers on state highways and urban roads, aiming to reduce accidents. With 44% of Indian road crashes involving two-wheelers and 17% involving pedestrians, the initiative targets Vulnerable Road Users (VRUs). It draws inspiration from Malaysia's approach and proposes integrating road safety into school curriculums.
In-house solar power generation saving 2,300 tons of CO2 across RRTS corridor: NCR transport body
The solar power plants are now operational at the Guldhar and Sahibabad RRTS stations, each having a peak power capacity of 729 kilowatts (kWp), as well as at the Duhai Depot and Duhai Depot station with capacities of 585 kWp and 108 kWp respectively, it said.
Singapore and Kazakhstan plan Eurasia to ASEAN trade & transit corridor
Singapore and Kazakhstan strengthen economic ties, enhancing India's role as a link between Southeast Asia and Eurasia. Kazakhstan's transport initiatives and Singapore's expertise create new business opportunities. The countries sign agreements to boost trade and investment, with Singapore investing in Kazakhstan's economy. Cooperation focuses on innovation and digitalization for mutual benefit.
Chabahar pact important milestone; to provide connectivity to Afghanistan, Central Asia: PM
PM Narendra Modi highlighted India's milestone Chabahar port contract for Afghan connectivity, promoting regional trade via the International North-South Transport Corridor and India-Middle East-Europe Economic Corridor. The agreement involved IPGL's investments and debt, and the INSTC offers an alternative trade route to Russia, bypassing the Suez Canal.
Iran looking at some investments from India in Chabahar region after pact on port operation, says envoy
Iran is looking at some investments from India in Chabahar region post a long-term deal on the Chabahar Port operations, a top Iranian diplomat has said. Talking to PTI, Davoud Rezaei Eskandari, Acting Consul General of Iran in Mumbai, also said that the Chabahar Port deal could be a turning point for its "most relations" with India.
IMEC: Indian team in UAE discusses start of work on trade route
An Indian delegation visited ports in the United Arab Emirates, including the Port of Fujairah, to discuss kickstarting the India-UAE leg of the proposed India-Middle East-Europe Economic Corridor (IMEC) with customs authorities. The visit aimed at preparing the India-UAE leg of the IMEC while awaiting peace in the region for the Israel part.
Reach Europe 20 days earlier and for 30% cheaper: How Chabahar port helps India expand its trade footprints globally
India’s pact with Iran to develop the Chabahar port will give a boost to the multimodal transportation network called the International North-South Transport Corridor, enabling exports from South Asia to reach Europe and Russia.
Arbitration matters related to Chabahar port to be referred to tribunal in Muscat: Official
"Major concerns, including lack of consensus on an arbitral framework, have been addressed. As per the agreement signed on Monday, matters requiring arbitration with regard to operation of the Chabahar port, will be referred to a three-member arbitration tribunal based in Muscat in accordance with the Singapore International Arbitration Centre (SIAC)," the official said on condition of anonymity.
Chabahar, opening routes for India-plus
With Monday's agreement, India takes over management of Iran's Chabahar Port for an initial 10-year period. This will change the face of regional connectivity, trade with landlocked countries of Central Asia and Afghanistan, and provide an alternative route that connects the region with Europe. For India and the region, economic benefits come with a strategic sweetener - an alternative that can bypass China and Pakistan's Gwadar Port.
India to ink 10-year Chabahar Port pact with Tehran today
This is the first time India will take over management of a port overseas. The port, which is seen as India's key connectivity link to Afghanistan, Central Asia and the larger Eurasian space, will help counterbalance Pakistan's Gwadar port as well as China's Belt and Road Initiative. There are plans to link Chabahar with the International North South Transport Corridor (INSTC) that connects India with Russia via Iran. The port will enable India to bypass Pakistan to access Afghanistan, and ultimately Central Asia.
India’s counter to Pakistan’s Gwadar port: New Delhi signs 10-year Chabahar Port pact with Iran
India signed a 10-year agreement with Iran on Monday to manage Chabahar Port, marking its first overseas port management venture. The move, amidst a bustling election season, is viewed as a significant geopolitical gesture towards Iran, with potential regional ramifications. This agreement underscores India's strategic interest in Chabahar, which serves as a vital link to Afghanistan, Central Asia, and the larger Eurasian region, offering an alternative to Pakistan's Gwadar port and China's Belt and Road Initiative.
India signs deal with Iran to run Chabahar port
At the end of the 10-year period, both sides will extend their cooperation in Chabahar. IPGL will invest about $120 million in equipping the port, officials said. India has also offered a rupee credit window equivalent to $250 million for mutually identified projects aimed at improving Chabahar-related infrastructure, they said.
The high price of slow lanes: How transport networks can make or mar the success of manufacturing hotspots
With India increasing the focus on exports, manufacturing hubs in the hinterlands have started playing a bigger role in powering the growth engine. However, these regions continue to face connectivity problems that make it difficult for traders to competitively price the goods in export markets.
Why warehousing is a booming asset class for discerning investors in India
The demand for modern warehousing facilities is touching a new high as e-commerce and retail sales are seeing a surge with each passing day in India.
Kazakhstan-Turkmenistan-Afghanistan discuss possible transport corridor to India & West Asia
Kazakhstan, Turkmenistan, and Afghanistan aim to bolster transit infrastructure, connecting with India via Iran's Chabahar Port. Key officials met in Kabul, stressing the need for traffic flow reorientation and infrastructure development. They highlighted the importance of the Kazakhstan-Turkmenistan route within the International North-South Transport Corridor, agreeing to form a working group for implementation.
Russia nudges Azerbaijan to play active role in INSTC that would boost trade with India
Azerbaijan has been slow in full implementation of INSTC, which has otherwise contributed to increase in India-Russia trade since 2022. Armenia is also interested in developing a branch of INSTC. While the Kazakhstan-Turkmenistan route is another branch of INSTC, another branch is the Iran-Caspian Sea route.
Effective sub-regional connectivity in Bay of Bengal key to India’s 'Act East Policy': Think tank
India's regional connectivity strategy under 'Neighbourhood First' and 'Act East' policies focuses on maritime domains, hindering inland connectivity progress. Delays and obstacles in transportation infrastructure projects, like the Bangladesh-China-India-Myanmar corridor or India-Myanmar-Thailand Trilateral Highway, persist.
India's first underwater metro train services begin in Kolkata, commuters ecstatic
Kolkata's underwater metro service inaugurated with jubilant passengers. Excitement among commuters from Howrah Maidan and Esplanade stations. Suburban areas also partake in the historic event, hoping for a seamless commute experience.
Kazakhstan pushes to increase trade with India via INSTC
Kazakhstan aims to increase trade with India through the International North South Transport Corridor (INSTC), which connects Russia, Kazakhstan, Turkmenistan, and Iran. Plans for a joint venture and modernization of checkpoints are underway to improve transportation along the corridor.
'Zero fatality corridor': Crash deaths down by 58.3% on Mumbai-Pune E-way since 2016, says report
Since the launch of the "zero fatality corridor" initiative for the Mumbai-Pune Expressway (MPEW) in 2016, there has been a marked decline in road crash deaths, stated the report on the project, a joint effort of the Maharashtra State Road Development Corporation (MSRDC), the Maharashtra Highway Police (HSP), the Maharashtra Motor Vehicle Department and the SaveLIFE Foundation.
Any instability in Afghanistan threat to whole region: Deputy NSA Vikram Misri
India's Deputy National Security Advisor, Vikram Misri, has emphasized that the Afghan territory should not be utilized by terrorist organizations like Lashkar-e-Taiba (LeT) and Jaish-e-Mohammed (JeM) for training and shelter. Speaking at a conclave in Bishkek, Kyrgyzstan, Misri highlighted India's concerns about the potential threat posed by these Pakistan-based groups using Afghanistan as a base for attacking India.
Development of Chabahar port as 'golden gateway' significant example of Iran-India engagement, says envoy
Iran has been a victim of terrorism and has actively fought against it, preventing ISIS from dominating the West Asian region. Iran stood by the oppressed people of Palestine and plays a significant role in strengthening peace and stability in the region.
View: How Modi govt can use Budget 2024 measures to connect India's logistical dots
India's growing economy requires strategic allocations for its logistics sector, including the development of multimodal terminals and increasing the rail share. Adoption of bi-modal technologies and zero emission trucks can help reduce emissions and lower operating costs. The focus should also be on improving logistics technology, such as digitizing customs clearance processes
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