The multimodal corridor, which connects Mumbai with St Petersburg and beyond, is the shortest via the Iran-Azerbaijan route compared to the other two routes of the INSTC.
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Working relations between India and Azerbaijan could encourage the latter to expedite construction of a missing link of INSTC to boost the connectivity initiative, said an expert on the Eurasian connectivity links.
INSTC, as well as the Chennai-Vladivostok Maritime Corridor along the Northern Sea Route will be high on the agenda when Modi meets Russian President Vladimir Putin on Friday ahead of the BRICS Summit, according to people familiar with the matter. Russia is also exploring a plan to build a rail link to India via Central Asia as a hedge against risks associated with the Strait of Hormuz and the Bosphorus, they said.
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Though slow in implementation due to a number of factors, including sanctions on Iran, INSTC remains one of India’s key connectivity initiatives to Eurasia. Over the past four years, India and Russia have traded using the corridor.