“If today cargo through the Suez Canal takes 40 days to reach Russia, then through the eastern corridor this time will be reduced to 24 days, by 40%; the important aspect here is that [India] considers the eastern corridor as a safer alternative to the existing routes,” the minister explained.
What Will be Transported via Chennai-Vladivostok Route?
“These four blocks are areas of interest for Indian business and India as a whole for supplies along this route,” Bobrakov underlined.
When Will Eastern Maritime Corridor Become Operational?
“Together with the Indian authorities, we have launched an effective platform for business interaction in export areas. The Russian side will monitor the dynamics of negotiations between the companies of our countries regarding the extent to which the major interests of Indian entrepreneurs who import Russian goods are being met; after that, we will make appropriate decisions,” Bobrakov said, adding that several Indian representatives have already asked whether a similar seminar would be held in Russia. “We will consider [this idea],” he commented.