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Chennai–Vladivostok Maritime Corridor is a proposed sea route covering approximately 5,600 nautical miles, or about 10,300 km, aimed at increasing bilateral trade between India and Russia. In September 2019 in Vladivostok , Prime Minister Narendra Modi signed a Memorandum of Intent for the route.
The primary objective of the NSTC project is to reduce costs in terms of time and money over the traditional route currently being used. [ 2 ] [ 8 ] [ 9 ] [ 10 ] Analysts predict by having improved transport connectivity between Russia , Central Asia , Iran and India their respective bilateral trade volumes will increase.
The administrative entity was sequentially updated, upgraded and renamed. Thus, in 2013, the Federal State Budgetary Institution “Administration of the Northern Sea Route” was created by Russia. In 2022 organizational authority was transferred to the Main Directorate of the Northern Sea Route of Rosatom by Russia. [15]
Following the 2019 Eastern Economic Forum, Chennai–Vladivostok Maritime Corridor, a sea route covering nearly 5,600 nautical miles (10,300 km) to connect Russia's Far East, was proposed at the 20th India–Russia Summit to increase bilateral trade between India and Russia.
ECEC’s long coastline and strategic location provide an opportunity to develop multiple international gateways to connect India with global value chains. ECEC will buttress the government’s Sagarmala initiative, which seeks to develop India’s economic strength along its coastline by transforming ports, industrial clusters near the coast ...
Arctic shipping routes are the maritime paths used by vessels to navigate through parts or the entirety of the Arctic. There are three main routes that connect the Atlantic and the Pacific oceans: the Northeast Passage, the Northwest Passage, and the mostly unused Transpolar Sea Route. [2]
A ship carrying 200 tons of aid approached the coast of Gaza on Friday in a mission to inaugurate a sea route from Cyprus to help alleviate the humanitarian crisis in the enclave five months into ...
The cable will connect Murmansk and Vladivostok along the shortest route between Europe and Asia, which will create an alternative to satellite communications in northern latitudes. This will help meet the growing needs of online trading , cloud technologies and processing of large volumes of data, providing a reliable and affordable Internet ...