Federation of Freight Forwarders’ Associations in India (FFFAI) convened conference and a meeting at FFFAI – Mumbai office of its members with Mr. Ravi Capoor, Joint Secretary, Ministry of Commerce to brief members on International North South Transport Corridor (INSTC). FFFAI is doing a dry run study of the bottlenecks on the INSTC route. Mr. Ravi Capoor in his briefing said that there are 4 emerging markets in the world, namely ASEAN, LATIN, AFRICAN and CIS countries. Indian companies are trading with ASEAN, LATIN, AFRICAN, countries but till date their presence in CIS countries is not substantial. He said that after 1991 when integrated USSR collapsed, there was huge economic mayhem and during the same period simultaneously in India there was economic liberalization.