Office Address
123/A, Miranda City Likaoli Prikano, Dope
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+0989 7876 9865 9
+(090) 8765 86543 85
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info@example.com
example.mail@hum.com
123/A, Miranda City Likaoli Prikano, Dope
+0989 7876 9865 9
+(090) 8765 86543 85
info@example.com
example.mail@hum.com
According to Russian Far East Minister
Alexey Chekunkov, currently the Far Eastern Shipping Company
(FESCO) is actively working on this arrangement and the Indian
entities are also involved in this initiative.This week’s Eastern Economic Forum in Vladivostok will also enable
Russia and India to explore joint shipbuilding projects at Indian shipyards.
At the July annual summit the two countries
signed the India-Russia Cooperation Programme in Trade, Economic
and Investment Spheres in the Russian Far East for 2024-2029, as well as the
Principles for Cooperation in the Russian Arctic Region.
“The trade turnover between the ports of the Far East and India exceeds
one billion dollars, excluding oil and special-purpose goods. Therefore, the
logistical aspect of this agreement is very important; it allows for the
development of trade between the Far East and India, as well as the countries
of Southeast Asia as a whole,” Alexey Chekunkov, Minister of Development of the
Russian Far East and the Arctic recently stated.
He said that work is being done to include
Vietnam, Thailand and Indonesia in the routes between Russia-India as part of
intermediate stops of the Eastern Maritime Corridor.
Following the annual summit in Moscow in July,
the two sides are expediting complete implementation of Vladivostok-Chennai
Eastern Maritime Corridor and linking it with the resource rich Arctic region.
India-Russia also plans a joint shipbuilding project for maritime trade, it has
been learnt.India has plans for a
Trans-shipment hub in the Bay of Bengal. While Vladivostok-Chennai Eastern
Maritime Corridor has started functioning additional infrastructure needs to be
put in place in Chennai for handling additional trade volume.
