https://sputniknews.in/20240124/indian-shipping-minister-opens-indo-russia-workshop-on-eastern-maritime-corridor-6318526.html
Indian Shipping Minister Opens Indo-Russia Workshop on Eastern Maritime Corridor
Indian Shipping Minister Opens Indo-Russia Workshop on Eastern Maritime Corridor
Sputnik India
India's Federal Shipping Minister Sarbananda Sonowal on Wednesday opened an India-Russia workshop organized to discuss the operationalization of the maritime trade route between the South Asian country's Chennai and Vladivostok in Tamil Nadu.
2024-01-24T15:17+0530
2024-01-24T15:17+0530
2024-01-24T16:28+0530
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India's Federal Shipping Minister Sarbananda Sonowal on Wednesday opened an India-Russia workshop organized to discuss the operationalization of the maritime trade route between Tamil Nadu's Chennai and the Russian Far Eastern port of Vladivostok in the Pacific Ocean.The event is taking place in Chennai, the capital of India's southern state of Tamil Nadu, amid the backdrop of New Delhi's heightened cooperation with Moscow in the field of maritime trade.Anatoly Bobrakov, the Russian Minister for Development of the Far East and Arctic, was also present during the inauguration program of the India-Russia workshop on the EMC in Chennai.The EMC is being touted as a game-changer by both countries, considering it would significantly reduce costs for transporting cargo from India and Russia: freight costs will come down by 30 percent while travel time will decrease by at least 16 days once the EMC becomes operational, as per estimates.At present, a large container ship from India takes around 40 days to reach Russia's Far East region through Europe.
https://sputniknews.in/20231108/with-imec-in-limbo-chennai-vladivostok-sea-route-offers-indias-energy-trade-stability-5308616.html
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Indian Shipping Minister Opens Indo-Russia Workshop on Eastern Maritime Corridor
15:17 24.01.2024 (Updated: 16:28 24.01.2024) Amid disruption in global supply chains, India and Russia have increased their cooperation to open a new trade route between Chennai and Vladivostok, with the initiative witnessing another step forward this week.
India's Federal Shipping Minister Sarbananda Sonowal on Wednesday opened an India-Russia workshop organized to discuss the operationalization of the maritime trade route between Tamil Nadu's Chennai and the Russian Far Eastern port of Vladivostok in the Pacific Ocean.
The event is taking place in Chennai, the capital of India's southern state of Tamil Nadu, amid the backdrop of New Delhi's heightened cooperation with Moscow in the field of maritime trade.
"Exciting times at Port of Chennai as Sarbananda Sonowal, Union Minister, MoPSW, began the Indo-Russia Joint Workshop. Focused on the 'Eastern Maritime Corridor,' a game-changer & aims to reduce freight charges, expedite transit times & open up new trade avenues in the Pacific," India's Ministry of Ports, Shipping and Waterways wrote on Twitter.
Anatoly Bobrakov, the Russian Minister for Development of the Far East and Arctic, was also present during the inauguration program of the India-Russia workshop on the EMC in Chennai.
The Chennai-Vladivostok sea route, also known as the 'Eastern Maritime Corridor (EMC)' will link Russia's east coast with South India.
The EMC is being touted as a game-changer by both countries, considering it would significantly
reduce costs for transporting cargo from India and Russia: freight costs will come down by 30 percent while travel time will decrease by at least 16 days once the EMC becomes operational, as per estimates.
At present, a large container ship from India takes around 40 days to reach Russia's Far East region through Europe.
