To expand its operations in the International North-South Transportation Corridor, Islamic Republic of Iran Shipping Lines has created offices across India.
IRISL will convey exports from eastern India to its western ports by rail. It is stepping up its efforts in Russia, INSTC, and India.
According to Otaghiranonline.ir, Indian manufacturers and traders are seeking to use the IRISL fleet to transport their commodities from Kolkata in eastern India through the corridor to Russia and the Commonwealth of Independent States. This is the result of negotiations with the Indian Railway.
IRISL has been providing regular transportation services for months since the Indian government and business community are eager to strengthen their links with Russia, the CIS nations, and Iran along the north-south corridor; it has launched container shipping from the western ports of India to the southern ports of Iran.
In order to improve and expand the company’s cooperation with Indians for the transportation of its exports and imports to Russia and the CIS, executive and marketing actions have been implemented.
The INSTC is the most efficient route for shipping commodities between India and Russia; the transit period is 20 to 25 days, as opposed to the 40 to 50 days required for shipping via the Suez Canal to Russia and Central Asian nations.
In fact, no other route can compete with INSTC for access to the Russian and CIS markets in terms of transit time and transportation costs. IRISL also intends to cut the transit time between Russia and India to 15 days.
The Iranian shipping line has also taken effective measures in recent months to strengthen its activities in the north-south corridor by investing in the Russian port of Solyanka on the coast of the Caspian Sea.