Jhansi Castle, 4th Floor, 7, Cooperage Road, Mumbai - 400 001. India
Dear Members,
International North-South Transport Corridor (INSTC) is a multi-modal transport network that includes rail, road, and water transport from Mumbai in India via Bandar Abbas in Iran to Moscow in Russia. Last year, council had also sent mailers providing information on the INSTC corridor.
To take stock of the actual cargo movement on INSTC route and to have wider and comprehensive discussion in the matter, on 01/03/2018, Ms. Anita Praveen, IAS, Joint Secretary, FT (CIS), Department of Commerce had chaired a meeting organised by Federation of Indian Export Organisations (FIEO), Mumbai.
This meeting was also attended by Mr. Shankar Shinde, Vice Chairman, Federation of Freight Forwarders Associations of India (FFFAI) who made a presentation covering various aspects of the INSTC corridor. FFFAI is a private logistics body which is co-ordinating with various stakeholders for facilitating the promotion of INSTC corridor.
During the meeting, the Federation of Freight Forwarders Associations of India (FFFAI) informed the participants that the traditional route takes about 40-60 days time to transport cargo to St. Petersburg whereas the INSTC route would reduce the time taken to 25-30 days and also it would be 30% cheaper.
For further information on International North-South Transport Corridor (INSTC), a brief presentation by “Federation of Freight Forwarders’ Association in India” is attached herewith for reference.
Member-Exporters who are exporting to Russia/ CIS are requested to take note of the same. In case of any query on the INSTC corridor, members may write to the council on e-mail id’s: deepak.gupta@chemexcil.gov.in & balani.lic@chemexcil.gov.in . We shall accordingly, take up with the stakeholders group and revert to you. Alternatively, for freight/ transit time etc related inquiries, you can directly contact Mr. Shankar Shinde, Vice Chairman-FFFAI, e-mail: shankar.shinde@globalbm.com under copy to us for information.
Finally, an interactive meeting on INSTC route with stakeholders is Scheduled on 26.04.2018 at 11:00 am at Inland Container Depot, CONCOR, Nagpur. In the meeting CONCOR will invite Exporters, Importers, CHA , Shipping Lines, Freight Forwarders etc. From Department of Commerce & Industries, Govt. Of India Shri Vijay Shanker Pandey, Under Secretary, FT-CIS Division will attend the meeting. Mr. Shankar Shinde (FFFAI) will make detailed presentation on INSTC route followed by discussion. The address details are as follows:
Container Corporation of India Ltd
Inland Container Depot
Narendra Nagar
Nagpur-440027
Phone 0712-2783301/02/03
Relevant/local members may attend the same and make themselves aware of the INSTC corridor. A line of confirmation will be appreciated.
Thanking you,
Yours faithfully,
(S.G. BHARADI)
EXECUTIVE DIRECTOR
CHEMEXCIL
