India is preparing to send a high-level delegation to the Eastern Economic Forum (EEF) in Vladivostok from September 3-6, aiming to enhance its presence in the resource-rich Far East region.
The visit surrounds India’s strategic interest in expanding maritime transport corridors and strengthening trade and investment ties with Russia. A Cabinet Minister is expected to lead the delegation, focusing on the development of key infrastructure and trade routes. Here are the main points of interest:
1. The Modi administration plans to send a Cabinet Minister to lead the delegation to the EEF, highlighting the importance of the forum in India’s strategic interests.
2. One of the primary objectives is to advance discussions on the Vladivostok-Chennai Eastern Maritime Corridor, which aims to connect India with the resource-rich Arctic region.
3. India and Russia have recently signed agreements to boost trade, investment, and shipbuilding projects, further strengthening their bilateral relations.
4. The visit will focus on intensifying cooperation in the Far East and Arctic regions, as agreed upon by Prime Minister Narendra Modi and President Vladimir Putin during their July summit.
5. India plans to improve infrastructure in Chennai to handle increased trade volume and facilitate the functioning of the Eastern Maritime Corridor.
6. India is developing a trans-shipment hub in the Bay of Bengal to support growing trade with Russia and other international partners.
7. The two nations are exploring a joint shipbuilding project to enhance maritime trade capabilities.
8. The recently signed Program of Cooperation covers trade, economic, and investment activities in the Russian Far East and the Arctic, setting a framework for future collaboration.
9. The focus will be on optimising transport corridors, including the Chennai-Vladivostok route and the International North-South Transport Corridor, to improve logistics and cargo turnover.
10. Both countries are committed to developing shipping routes via the Northern Sea Route, with plans to establish a joint working body within the India-Russia Intergovernmental Commission on Technical and Economic Cooperation (IRIGC-TEC).
Firstpost
