The creation of the “North-South” International Transport Corridor is a historic event
A meeting with the delegation led by the Ambassador Extraordinary and Plenipotentiary of India to Azerbaijan Bavitlung Vanlalvavna was held at the ”Azerbaijan Railways” CJSC.
The issues of expansion of bilateral ties were discussed at the meeting. It was noted that there are historical ties between India and Azerbaijan, close friendly relations based on developing bilateral cooperation. Business and trade ties between the two countries are growing in many areas. At the same time, there is close cooperation between Azerbaijan and India within the framework of the “North-South” and “South-West” International Transport Corridor projects.
Chairman of the ‘’Azerbaijan Railways’’ CJSC Javid Gurbanov gave detailed information about the transport-logistics opportunities of our country and the work done to strengthen the activities of international and regional projects. Speaking about the importance of the “North-South” International Transport Corridor project, Javid Gurbanov noted that the creation of this corridor is really a historical event. The development of the corridor is an important issue for India, Azerbaijan and all participating countries. As this route connects India with the countries of the Middle East, Caucasus, Central Asia, Russia and Europe. Forecasts show that if the corridor is fully operational, it will create conditions for exiting the Persian Gulf region and India, intensifying trade ties between the Caspian countries and the Black sea ports. This route is optimal and economically feasible. The cargo base of the route consists of trade relations between India and the Persian Gulf countries with Russia, Scandinavia and Northern Europe. The main advantage of the International Transport Corridor” North-South ” in comparison with other routes is two to three times less transit distance and time. The Ambassador Extraordinary and Plenipotentiary of India to Azerbaijan Bavitlung Vanlalvavna highly appreciated the work done by Azerbaijan in the implementation of international transport projects. He noted that the government of India has also taken important steps to improve the railways at the international level, strengthening the activities of the international transport corridor “North-South”.
At the meeting it was decided to further expand bilateral ties. Javid Gurbanov also noted that the delegation of India of the port of Mumbai and the Indian Container Corporation (CONCOR) will visit our country on November 28. The Chairman stressed that there are all opportunities to provide services related to the organization of cargo transportation in the field of railways of Azerbaijan and India. The sides discussed the importance of establishing trade relations between the two countries ‘ ports in this direction. The Ambassador noted that according to the current statistics, the main place in the trade turnover between Azerbaijan and India is occupied by crude oil. Also according to research, the North-South Transport Corridor will save 30-40 per cent in current prices and 50 per cent in terms of time. In this regard, it was stressed that within the framework of the joint interests of both countries it is expedient to increase the activities of the project as soon as possible.