International North-South Transport Corridor
The International North-South Transport Corridor (INSTC) is a multi-modal transportation network that connects countries in South Asia, the Middle East, and Europe. It aims to facilitate trade and reduce transportation costs by providing a shorter route for goods moving between these regions. The corridor includes road, rail, and maritime routes, linking major cities and ports.
The INSTC was established in 2000 and involves several countries, including India, Iran, and Russia. By enhancing connectivity, the corridor is expected to boost economic cooperation and trade among member nations, making it a significant project in global logistics and transportation.