Russia and India will soon hold a meeting to develop marine traffic between the ports of Vladivostok and Chennai, Russia’s Deputy Head of the Ministry for Development of the Far East and Arctic said.
The minister recalled that at the Eastern Economic Forum (EEF) in September 2023, Russian Minister for the Development of the Far East and Arctic and Indian Minister of Ports, Shipping and Waterways agreed that such a meeting would be held in January 2024.
The final date of the meeting to be agreed via diplomatic channels.
As part of that meeting [at the EEF in September], we agreed that in January, that is this month, we will hold a meeting with business representatives and interested shippers and consignees in Chennai, as well as form a cargo base, a list of contracts, persons and companies interested in increasing marine traffic along this sea route, the Minister said on the sidelines of Vibrant Gujarat Global Summit in Gandhinagar, India.
The maritime transport corridor from the port of Chennai to the port of Vladivostok functioned successfully in the Soviet era. In 2019, the Russian Ministry of Transport and the Indian Ministry of Ports, Shipping and Waterways signed an agreement for developing marine traffic between the ports of Vladivostok and Chennai on the sidelines of the Eastern Economic Forum.
An important feature of the project implementation is the possibility of using the Chennai–Vladivostok Maritime Corridor as a natural continuation of the Northern Sea Route.