Study finds significant opportunity for transit cost reduction using INSTC- International Conference Announced

A study conducted by the Federation of Freight Forwarders’ Associations in India (FFFAI) reported that moving cargo through the International North-South Transport Corridor (INSTC) would be 35% cheaper and 40% shorter as compared to the existing routes. The first test shipment for freight transportation of the goods took place in October 2016 and clocked a transit time of 23 days which was about 17 days faster than the current transit time between India and Russia.
FFFAI, supported by Ministry of Commerce & Industry, is conducting the International North-South Transport Corridor (INSTC) International Conference on 16 September at Maritime Nation India 2017.
The previous edition – Maritime Nation India 2016 had an International Conference on INSTC that had participants from the government and logistic industry of Iran, Russia, Azerbaijan, and various other countries. The 2016 edition of the tradeshow brought together 2000 industry professionals, 60 eminent speakers, and 40 exhibitors from 10 countries.
The 2017 INSTC conference will discuss developments and stakeholder feedback in moving cargo through the International North-South Transport Corridor (INSTC), with speakers and delegates representing the maritime, logistics and officials from Iran, India, Russia, Azerbaijan and other CIS countries. For partnership, exhibition and sponsorship opportunities, Register now!