HomeNewsBusinessMC Exclusive | Vladivostok-Chennai route talks gather pace ahead of Modi's Russia visit, India pushing to operationalise it by year-end

MC Exclusive | Vladivostok-Chennai route talks gather pace ahead of Modi's Russia visit, India pushing to operationalise it by year-end

Union Shipping Minister Sarbananda Sonowal is scheduled to visit Russia in September to participate in the Eastern Economic Forum.

July 06, 2024 / 21:18 IST
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The melting of the Arctic ice has revealed new shipping avenues along Russia's northern coast
The melting of the Arctic ice has revealed new shipping avenues along Russia's northern coast

Discussions between the Indian and Russian governments to operationalise and develop the Chennai-Vladivostok maritime route gathered pace last week, ahead of Prime Minister Narendra Modi's visit to Russia on July 8 and 9,  senior government officials have told Moneycontrol.

"Dialogue between Russia and India has picked up pace after the Lok Sabha elections, and both governments are trying to fast track the development of the Chennai-Vladivostok route. We have spoken to multiple trading associations and shipping lines to start transportation through the Eastern Maritime Corridor (EMC)," a senior government official said.

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He added that Union Shipping Minister Sarbananda Sonowal is scheduled to visit Russia in September  to participate in the Eastern Economic Forum, before which a delegation of businessmen and government officials from Russia is expected to visit Mumbai in August.

It is not clear whether the Chennai-Vladivostok Maritime route will be on Modi’s agenda when he visits Russia to hold talks with Russian President Vladimir Putin.