India – March 9 2023
Dipanjan Roy Chaudhury
Synopsis
New Delhi: Armenia has proposed a Persian Gulf-Black Sea corridor to connect
Indian traders with Russia and Europe.
Indian traders with Russia and Europe.
The offer was made last week by a visiting Armenian team comprising senior
officials and experts. It came at a time when Armenia's foreign minister Ararat
Mirzoyan was also visiting India.
officials and experts. It came at a time when Armenia's foreign minister Ararat
Mirzoyan was also visiting India.
The proposed corridor-which will run parallel to the International North-South
Transport Corridor (INSTC)-will aim to connect Mumbai with Bandar Abbas in
Iran and then Armenia and onward to Europe or Russia, bypassing Azerbaijan
with whom India has lukewarm ties amid its close association with Turkey and
Pakistan.
Transport Corridor (INSTC)-will aim to connect Mumbai with Bandar Abbas in
Iran and then Armenia and onward to Europe or Russia, bypassing Azerbaijan
with whom India has lukewarm ties amid its close association with Turkey and
Pakistan.
Armenia, whose ties with India have witnessed an upswing in recent years buoyed by defence exports from here, has
sought Indian investments for the corridor in the Armenian territory, sources in the Armenian government indicated to
ET.
sought Indian investments for the corridor in the Armenian territory, sources in the Armenian government indicated to
ET.
Since the beginning of the Russia-Ukraine war, India's trade with Russia has increased manifold via the INSTC that
connects Mumbai with Russia via Iran and the Caspian Sea. Azerbaijan is a key element under INSTC but has been slow
in completing an infrastructure link under INSTC. Historically, Armenia shares strong political and business ties with
Iran.
connects Mumbai with Russia via Iran and the Caspian Sea. Azerbaijan is a key element under INSTC but has been slow
in completing an infrastructure link under INSTC. Historically, Armenia shares strong political and business ties with
Iran.
"As the new cold war disrupts Russia-West economic and political relations, any large-scale transit of cargo passing the
Russia-Europe border looks too risky for the international logistic and insurance companies," Benyamin Poghosyan,
founder and chairman of Yerevan, Armenia-based Center for Political and Economic Strategic Studies and senior
research fellow at APRI-Armenia, told ET.
Russia-Europe border looks too risky for the international logistic and insurance companies," Benyamin Poghosyan,
founder and chairman of Yerevan, Armenia-based Center for Political and Economic Strategic Studies and senior
research fellow at APRI-Armenia, told ET.
"At the same time, India's need for additional trade routes to reach Europe circumventing the Suez Canal remain valid. In
parallel to the discussions around INSTC, Iran in 2016 put forward a new international transport corridor project,
Persian Gulf-Black Sea, which should connect Iran with Europe via the South Caucasus. The negotiations were paused
during the Covid pandemic, but all potential participants of the project-Iran, Armenia, Georgia, Azerbaijan, Bulgaria and
Greece-expressed their interest in participating."
The Persian Gulf-Black Sea corridor fits well into India's plans as it looks for additional routes to reach Europe,
circumventing the Suez Canal and avoiding the negative impact of Russia-West confrontation. The corridor itself may
connect Iran with Georgia via either Armenia or Azerbaijan. Armenia and Azerbaijan have railway and highway
connections with Georgia, and Azerbaijan has a railroad up to the Azerbaijan-Iran border.
circumventing the Suez Canal and avoiding the negative impact of Russia-West confrontation. The corridor itself may
connect Iran with Georgia via either Armenia or Azerbaijan. Armenia and Azerbaijan have railway and highway
connections with Georgia, and Azerbaijan has a railroad up to the Azerbaijan-Iran border.
There is a missing link of some 165 km inside Iran (the Rasht-Astara line) to connect Azerbaijani and Iranian railways. In
January 2023, Russia and Iran agreed to launch the construction with Russian funding. Azerbaijan also has a highway
connection with Iran, Poghosyan explained .
January 2023, Russia and Iran agreed to launch the construction with Russian funding. Azerbaijan also has a highway
connection with Iran, Poghosyan explained .
https://economictimes.indiatimes.com/news/international/world-news/armenia-proposes-iran-black-sea-corridor-for-indian-traders/articleshow/98526297.cms?from=mdr