FFFAI alongwith Ministry of Commerce & Industry to organise INSTC Conference on 22nd December 2015 at Mumbai ,


FFFAI had submitted the Dry Run study report to the Ministry of Commerce & Industry, Recognising the potential and opportunity for EXIM trade, Government had organised the INSTC Conference in Mumbai, India on 12th June 2015.
Dr. Guruprasad Mohapatra, Jt. Secretary ,Department of Commerce , Ministry of Commerce & Industry mentioned that it is very important to hold the conference as there is a lot of potential and opportunities for EXIM Trade , In the view of awakening trade awareness it would be of high significance to hold the INSTC conference, We had visited IRAN alongwith, Mr. Shankar Shinde , Vice Chairman (Federation of Freight Forwarders Association In India , FFFAI) ,Mr. Sohel F Kazani, Executive Committee Member, FFFAI) and Mr. C. Ramkumar, Under Secretary, Ministry of External Affairs, travelled in IRAN to assess the existing Logistics infrastructure for connectivity.
FFFAI had conducted successful dry run study with 2 x20ft containers on two routes in August 2014
1. Nhava Sheva – Bandar Abbas(Iran) – Baku ( Azerbaijan)
2. Nhava Sheva – Bandar Abbas( Iran) – Amirabad( Iran) – Astrakhan( Russia) via Caspian Sea
During the IRAN visit, the delegation held meetings in Tehran for meeting with (Road Maintenance and Transport Organization, RMTO), Railways , Road Transport, Customs, Port Maritime Organisation, to assess the developments for connectivity to CIS and Russia via IRAN, The delegation also visited Sarakhs/Mashad & Incheh Borun/Gorgan ( Iran –Turkmenistan ) border and was happy to see the developments after the dry run conducted in August 2014, Most of the shipping lines are now looking for introducing direct service to Bandar Abbas whereas some of the shipping lines anticipating the volumes have started direct vessel sailing service with 4 days transit.
The turnaround time for vessels has improved to 24/48 hours at Shahid Rajaee Terminal. Iran Railway Authority has started scheduled train services from Bandar Abbas to Sarakhs (Iran/Turkmenistan Border). Also the missing link from Bandar Abbas to Incheh Borun/Gorgan has commenced operations connecting the port now to Turkmenistan, Kazakhstan and further to Russia. This would reduce the transit time, cost and has opened the doors for seamless movement to CIS and Russia at less than 30% of cost and 40% of Transit currently as compared to traditional route via St.Petersburg.
FFFAI will organise a conference with participation of stakeholders, inviting Chamber of Commerce, Forwarders, Shipping lines, Port, and Government officials from 13 countries member of the INSTC. This will help in the dissemination of information to the member countries of the developments on INSTC and also provide a B2B platform for the participants to connect.
The successful activation of the corridor will help connect India to Russia within 16 to 21 days at competitive freight rates hence leading to development of EXIM trade on INSTC Corridor. This may also eliminate the usage of reefer containers for commodities like onions, potatoes, various agro commodities and support the supplies to Russia.
“The INSTC Transport Corridor is 30% cheaper and 40% shorter than the current traditional route”


About Author

Maintain by Designwell Infotech