Latest news with #Trans-CaspianInternationalTransportRoute
India.com
6 days ago
- Business
- India.com
Big move by Modi govt as India decides to work with this Muslim country to give tough competition to China, not Iran, Afghanistan, the masterplan is…
Big move by Modi govt as India decides to work with this Muslim country to give tough competition to China, not Iran, Afghanistan, the masterplan is… Trans-Caspian International Transport Route: China's Belt and Road Initiative (BRI) is dominating the global trade infrastructure. India is now looking for another route to reduce its dependency on it. The route that can be a substitute for the BRI is Trans-Caspian International Transport Route (TITR), also known as the Middle Corridor. Work on the TITR is progressing rapidly under Kazakhstan. What is Belt and Road Initiative? In 2013, Beijing had announced the Belt and Road Initiative with an aim to connect several continents through land and sea routes. This initiative aims to facilitate the exchange of goods, capital, technology, and people among participating countries. Why India Dislikes BRI? There are some things that India don't like about the BRI such as China-Pakistan Economic Corridor (CPEC) which passes through Pakistan-occupied Kashmir (PoK). New Delhi, irrespective of any government in power, always opposed it, stating that it violates the country's territorial sovereignty. Foreign Ministry spokesperson Randhir Jaiswal stated that India is not in the favour of CPEC. The route is against India's territorial integrity and sovereignty. However, the route on which work is going on now does not start from Beijing, but from Kazakhstan.
Time of India
23-06-2025
- Business
- Time of India
Kazakhstan, logistics hub of the Eurasia, rises on the world stage
Live Events Kazakhstan is rapidly emerging as a key logistics hub of Eurasia, strategically positioning itself at the heart of the Middle Corridor With growing cargo transit volumes and accelerated development in roads, ports, railways, and aviation, Kazakhstan is reshaping the geography of global trade. By 2030, it is projected that transit volumes through the country could reach 100 million tons per economy grew by 6% in early 2025, the highest rate in the past 12 years. This growth has been driven by sectors like industry, construction, trade, and particularly, transport and logistics services. The government views international trade and logistics as pillars for long-term and sustainable 2024, transit cargo volume increased by 7.1%, reaching 34.6 million tons—27.5 million tons by rail and 6.7 million tons by road. By 2030, this figure is expected to triple. A key driver of this growth is a strategic agreement with China that plans to raise the number of container block trains from 600 to 3,000 per year by sits at the intersection of 13 international transport corridors , linking China, Europe, Russia, the Caspian region, the Persian Gulf, and South Asia. Key corridors include TRACECA, the International North-South Transport Corridor, and the rapidly expanding Middle Corridor (Trans-Caspian International TransportRoute)—a reliable alternative to traditional trade routes between Asia and 2025 alone, Kazakhstan is working to modernise 13,000 km of roads and 6,100 km of railways. Six airports are currently under construction or renovation, alongside two major maritime large-scale railway projects worth 2.3 trillion tenge are underway to boost connectivity with China and Uzbekistan. By 2029, 11,000 km of rail tracks will be modernised. These efforts aim to reduce transit times from key hubs like Khorgos, Almaty, and Astana to the port of Aktau, while also creating new corridors such as 'North' and 'Sedmiddle' in addition to the existing Western Europe–Western China road transport, 9,000 km of roads are being upgraded, with 1,083 km under reconstruction and 847 km set to be completed by the end of 2025. One of the flagship projects is the 'Center-West' highway, whichwill reduce the distance between Astana and Aktau by 889 km, enhancing westward trade is also expanding its civil aviation infrastructure. Three new airports are being built, and several existing ones are being upgraded. As of 2024, six domestic airlines operate 669 weekly flights on 57 domestic routes. International flights connect Kazakhstan to 31 countries via 119 routes, with new connections to Rome, Munich, Budapest, Shanghai, Guangzhou, and Busan expected in 2025. Direct flights to the U.S. are planned for 2029, Kazakhstan aims to serve 65 million passengers and handle 500,000 tons of air cargo annually. A new private cargo airline with three aircraft has also been maritime logistics , dredging work at the Port of Aktau is set to begin. Kazakhstan will also expand its merchant fleet by purchasing 17 new vessels, including four ferries. Key achievements include thecompletion of a 1 million-ton grain terminal at the Port of Kuryk and the launch of the Zarzha multifunctional terminal, which will have a capacity of up to 11 million tons per June 2025, a new container hub was launched in Aktau, raising the port's container transshipment capacity to 240,000 TEUs. Kazakhstan also opened a new terminal at Poti Port in Georgia, and is developinglogistics hubs in Xi'an and Lianyungang (China), Seletino (Russia), Tashkent (Uzbekistan), Alyat (Azerbaijan), and Hungary, strengthening its presence along the East–West trade is promoting regional cooperation through platforms like the Astana International Financial Center (AIFC). As global supply chains continue to evolve, Kazakhstan's integrated network of land, sea, and air corridors will solidify its role in shaping the logistics architecture of the future.
Nikkei Asia
14-06-2025
- Business
- Nikkei Asia
Central Asian trade route stirs to life, drawing European investment
ASTANA, Kazakhstan -- A Eurasian trade route that traverses Central Asia is gaining commercial importance, with the potential to reshape international relations from East to West. The Middle Corridor, or the Trans-Caspian International Transport Route, starts in China, enters Kazakhstan by rail and road, and crosses the Caspian Sea and the Caucasus, before reaching either Turkey or Europe.
Time of India
07-06-2025
- Business
- Time of India
India is a key strategic partner for Kazakhstan; DPM calls for increasing Indian FDI
Kazakhstan's Deputy Prime Minister and Foreign Minister Murat Nurtleu affirmed India's role as a key strategic partner and outlined a vision to triple bilateral trade, expand energy and digital cooperation, and invite Indian investment in infrastructure and innovation during the Central Asia–India Business Council meeting on June 5 in New Delhi. Nurtleu pointed to the potential to increase bilateral trade from $1 billion in 2024 to $3 billion in the near future and noted a 41% rise in Indian investments in Kazakhstan, which have exceeded $525 million, reported Kazakh Foreign Ministry 's press service. 'We consider this only as the beginning. Kazakhstan, as the largest economy in Central Asia and a transit hub between East and West, is ready to strengthen cooperation with India in areas such as trade, digital transformation, critical minerals, energy security, and humanitarian ties,' he said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Make Smarter Health Insurance Choices Search7 Learn More Undo Nurtleu identified transport and logistical connectivity as a key area for cooperation, emphasizing the importance of developing international corridors, notably the North – South route and the Trans-Caspian International Transport Route, or the Middle Corridor. He invited the Indian side to participate in joint infrastructure projects, including multimodal routes, fiber-optic lines, and regional energy grids. Kazakhstan also expressed its readiness to become a reliable supplier of strategic resources, including energy resources, rare earth metals, and agricultural products within the framework of India's Viksit Bharat (Developed India) initiative. Live Events Tourism was noted as another promising area, with 150,000 Indian tourists visiting Kazakhstan in 2024. Growth was driven by a 14-day visa-free regime and direct flights between Almaty and New Delhi. Kazakhstan also expressed readiness to support the opening of hotels and restaurants serving Indian cuisine in key cities. Nurtleu highlighted Kazakhstan's favorable investment climate, including a new 10-year 'golden visa' for investments over $300,000 and the role of the Astana International Financial Centre as a regional hub. He proposed hosting the next business council session in Kazakhstan, expressing confidence in concrete business outcomes.
Economic Times
07-06-2025
- Business
- Economic Times
India is a key strategic partner for Kazakhstan; DPM calls for increasing Indian FDI
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Kazakhstan's Deputy Prime Minister and Foreign Minister Murat Nurtleu affirmed India's role as a key strategic partner and outlined a vision to triple bilateral trade, expand energy and digital cooperation, and invite Indian investment in infrastructure and innovation during the Central Asia–India Business Council meeting on June 5 in New pointed to the potential to increase bilateral trade from $1 billion in 2024 to $3 billion in the near future and noted a 41% rise in Indian investments in Kazakhstan, which have exceeded $525 million, reported Kazakh Foreign Ministry 's press service.'We consider this only as the beginning. Kazakhstan, as the largest economy in Central Asia and a transit hub between East and West, is ready to strengthen cooperation with India in areas such as trade, digital transformation, critical minerals, energy security, and humanitarian ties,' he identified transport and logistical connectivity as a key area for cooperation, emphasizing the importance of developing international corridors, notably the North – South route and the Trans-Caspian International Transport Route, or the Middle Corridor. He invited the Indian side to participate in joint infrastructure projects, including multimodal routes, fiber-optic lines, and regional energy also expressed its readiness to become a reliable supplier of strategic resources, including energy resources, rare earth metals, and agricultural products within the framework of India's Viksit Bharat (Developed India) was noted as another promising area, with 150,000 Indian tourists visiting Kazakhstan in 2024. Growth was driven by a 14-day visa-free regime and direct flights between Almaty and New Delhi. Kazakhstan also expressed readiness to support the opening of hotels and restaurants serving Indian cuisine in key highlighted Kazakhstan's favorable investment climate, including a new 10-year 'golden visa' for investments over $300,000 and the role of the Astana International Financial Centre as a regional proposed hosting the next business council session in Kazakhstan, expressing confidence in concrete business outcomes.
