Sputnik has spoken about the profitability of the International North-South Transport Corridor for the sides involved with Prof. Anuradha Chenoy, Chairperson of the Forum for Indian Development Cooperation and former dean at the School of International Studies, Jawaharlal Nehru University.
Sputnik: What is your assessment of this project and its profitability for the sides involved? How do they win from this?
I think both India and Russia with Iran have now worked out a very good deal. It will be economically extremely beneficial for all the countries involved. It will be of economic and commercial interest by way of transport, container technologies and I think there's a lot of opening and scope for this.
Sputnik: The Indian Minister of Commerce and Industry earlier voiced India's wish to use the corridor as soon as possible, why is New Delhi interested in quick implementation of the project? We know, that obviously, the situation geopolitically and that affects it economically is somewhat in a malaise at the moment and I would've thought that India with its development growth, its huge economy wants to try and push on with this I would imagine, what's your take on it?
Anuradha Chenoy: Well, look a project like must be executed quickly, otherwise there could be bottlenecks and there could be problems, and if the benefits have to come then there should not be infrastructure delays and hurdles on making this project. Secondly, strategically I think it's very important at a time when Russia and Iran are being sanctioned and there's pressure on India not to trade with them.
Sputnik: We can certainly understand the positives in this particular move, now obviously if that was to happen this is going to have a reaction and what kind of a reaction can we expect from other countries, specifically the United States in this particular matter?
Anuradha Chenoy: Well, look the United States earlier had also threatened India with sanctions about the S-400 platforms and about oil in Iran, but India somehow, kind of maneuvered diplomatically past these. The thing is, the US also has interest in exporting different weapons and other things to India. They have a huge trade with India and now that they are suffering because of the trade wars with China, surely, they wouldn't like to have another set of trade wars with India because that will impact them adversely also.
Of course, India is going to put counterpressure saying that, okay, we will increase trade with you but don't intervene and India has a policy of non-intervention and no conditionality on issues like trade and their own sovereignty. So I think India has the capacity to say, you know, you can go hang or in very nice diplomatic terms give us or we can have a bypass law, you can have some waiver sanction and they'll be forced to do it, because here India has strength and leverage.
The views expressed in this article are solely those of Anuradha Chenoy and do not necessarily reflect the official position of Sputnik.