News: A Russian train with 39 containers with India bound cargo entered Iran recently via International North South Transport Corridor (INSTC) and the cargo would be exported to India via Chabahar port. The route sharply cuts down the time of moving goods to 25-28 days from 40 days via the Suez Canal.
Views: Concor had earlier (in FY21 end) signed a service agreement with RZD logistics (Russian railway subsidiary and largest logistics operator in CIS and Baltic region) to transport cargo between both countries using a single invoice. Fresh thrust along the INSTC route, could likely provide newer avenue for Concor revenue diversification.
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