First inter-modal TIR-based India-Iran transport flagged off

12 Sep 2022 CW Team

The first inter-modal digital TIR-based pilot transport between India and Iran through the INSTC corridor was flagged off from Nhava Shewa (Jawaharlal Nehru Port) last week. This facilitates seamless and paperless cross-border transit of goods, under the customs guarantee of the TIR system, industry body FICCI said in a statement.

The International North-South Transport Corridor (INSTC) is India's initiative to reduce the time taken for Exim (Export-Import) shipments to reach Russia and Europe, and enter the Central Asian markets.

Iran’s Chabahar Port, which has been developed with Indian assistance, is the commercial transit centre for the region, especially Central Asia. India is participating in the development of the first phase of the Shahid Beheshti Terminal at Chabahar Port in cooperation with the Iranian government.

The TIR (Transports Internationaux Routiers, or International Road Transports) system plays an important role in facilitating cross-border trade, adding considerable value to improving regional trade mechanisms, as per the statement.

It helps in facilitation of trade and transport, preventing delays in border crossing operations by minimising the formalities, which decreases the transportation costs. This system simplifies the movement of national and international transport, giving access to over 64 TIR operational countries.

Globally, such a system has been a successful model for reducing trade transaction costs and facilitating higher growth of intra-regional and inter-regional trade, according to the Federation of Indian Chambers of Commerce and Industry (FICCI).

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..