Afghanistan is now largely under the control of the Taliban, since then India’s concerns have increased on many fronts, but the new information that is coming now is that according to information received from sources by MoneyControl, Afghanistan India , will not be part of the proposed quadrilateral nation grouping to discuss the use of Chabahar port (Iran) with Uzbekistan and Iran. The meeting of these countries was fixed later this year to discuss the issues raised regarding the International North South Transport Corridor (INSTC).
The 7200 km long INSTC is India’s big plan to cut down the time taken for trade shipments to reach Europe and enter Central Asian markets. It includes thousands of kilometers of all-weather highways from Chabahar city in the south to Azerbaijan in the north and then to Russia and Europe.
According to the report, sources in the Ministry of External Affairs (MEA) made it clear that INSTC remains a key priority for India, but Afghanistan will not be a key component of the group in discussions on Chabahar Port. Last month, New Delhi proposed the India-Uzbekistan-Iran-Afghanistan Quadrilateral Working Group on joint use of Chabahar Port.
Afghanistan: Taliban sent fighters to capture Panjshir, so far the Taliban have not been able to enter this area.
The Afghan government was a key stakeholder in the talks, as India developed a multi-national trade route with Iran to give Afghanistan a trade route bypassing Pakistan.
The continuing diplomatic standoff has put Islamabad on one side and Kabul and New Delhi on the other. Due to this, Pakistan had stopped India and Afghanistan from reaching each other through their land area in the last few years.
A senior foreign ministry official said, “INSTC was planned to provide a channel for Afghan businesses to export their products to the outside world and to ensure that Indian goods on a large scale reach Afghanistan without stopping. could.”
A senior commerce department official said the move could slow down India’s strong efforts to establish more connectivity and trade with high potential markets of Commonwealth of Independent States (CIS) countries.
“This group of former Soviet nations spread across Eastern Europe and Central Asia often has weak ties with the West and has seen a rapid increase in imports from China,” he said. Eight of the nine CIS countries are now part of INSTC along with Oman, Syria and Bulgaria.
The major exports in the region are pharmaceuticals, machinery, coffee, tea and spices. Countries in this region are considered as underserved markets and are suppliers of energy and minerals to India.
The INSTC is also an important peg in India’s geopolitical plan to increase influence in the Central Asian region, where the country has historically been friendly to New Delhi. Through this transport route, Indian exports get a significant competitive advantage due to low cost and short delivery time. However, more than four years after its launch, it has had a slow start.
According to the Federation of Freight Forwarders Association in India (FFFAI), the average shipment time for cargo containers traveling between Mumbai and St Petersburg, Russia via INSTC has dropped from 35 to 40 days to 20 to 22 days. Negotiations on this new route began in 2000 and the initial agreement was signed in 2003. A successful dry run was done in 2014 through Iran, Azerbaijan and Russia.
Facebook us for social media updates (https://www.facebook.com/moneycontrolhindi/) and Twitter (.) to follow.