Connect with us


India, Russia Set To Boost Ties In Ship Design, Building, Logistics & Maintenance



India and Russia discussed the strengthening of maritime partnership through avenues of bilateral collaboration in ship design and building, repair, logistics, Maintenance Repair and Operations (MRO), inland waterways, and ports sectors.

China Demonstrates Capability To Use Its Commercial Ships For Military Purposes

This was discussed in a webinar held between Russian Deputy Minister Industry & Trade – Oleg Ryazantsev and Indian Minister of State for Shipping and Chemical & Fertilizers – Mansukh Mandaviya.

The two sides are exploring the joint effort in building civilian naval ships including repair facilities. Besides that, India and Russia have also agreed on opening up the International North-South Transport Corridor (INSTC) which will connect Mumbai with St Petersburg via the Indian Ocean and then via Iran and Azerbaijan.

The revival of the Chennai-Vladivostok shipping links is also on the cards. The link existed during the Soviet era that connected Chennai and Vladivostok in 24 days compared to over 40 days currently taken to transport goods from India to Far East Russia via Europe.

This will enable faster shipment of cargo. While this is a boost to India’s Act Far East policy, Russia is also eyeing to expand its footprint in the region which is currently limited.

Indian Ambassador to Russia – D.B. Venkatesh Varma who also addressed the webinar emphasized the immense opportunities for bilateral cooperation.

The participants of the webinar included the Chairpersons of Chennai Port Trust and IWAI, Secretary Shipping, Trade Commissioner of Russia to India. “Hon’ble MoS @mansukhmandviya and Dy Minister Industry & Trade Oleg Ryazantsev chaired a special webinar on Shipping Sector today, discussing avenues of collaboration in ship design & building, repair, logistics, MRO, inland waterways, ports sectors between India and Russia,” Indian Embassy in Russia tweeted.

New Delhi is also looking forward to exploring the connectivity corridor between resource-rich Arctic Region and INSTC. The Arctic is rich in petroleum and mineral resources and is currently the source of about one-tenth of the world’s oil and a quarter of its natural gas.

The Russian Arctic produces about 80 percent of this oil and virtually all of the natural gas. The most developed sector of the region, the Russian Arctic also holds abundant deposits of nickel, copper, coal, gold, uranium, tungsten, and diamonds.




F-15EX-india F-15EX-india
Americas9 hours ago

Forget F-16s & F-35s, This Is The World’s Deadliest Fighter Jet With 100 Kills, Without A Single Loss

Over the years, the United States has developed a strategic military partnership with Israel by equipping them with the world’s...

putin-russia putin-russia
EurAsian Region11 hours ago

Russian Sukhoi Su-34 Jet Displays ‘Path-Breaking’ Capabilities; Makes Its First Flight Into The Stratosphere

Russian fighter-bomber aircraft Su-34 carried out a night-time combat exercise reaching to the heights of 15 kilometers at lower stratospheric...

Putin-Macron Putin-Macron
Europe13 hours ago

French President Emmanuel Macron Blames Azerbaijan For Starting Conflict With Armenia

French President Emmanuel Macron on Wednesday voiced solidarity with Armenia amid its conflict with Azerbaijan over disputed Upper Karabakh region....

Israel-Turkey Israel-Turkey
Europe16 hours ago

Greece Turning Into Another Israel: The Way US Backed Israel, EU Is Supporting Greece – Turkish Experts

With growing military confrontations in the Eastern Mediterranean between Greece and Turkey, several European Union (EU) nations have got itself...

Indian-Flag Indian-Flag
Featured17 hours ago

200,000 Muslim Children Disappeared From Uttarakhand Overnight: Another Smear Campaign Or Truth?

A news is getting viral on WhatsApp and Social media in India which EurAsian Times has access to. The news...

Asia Pacific18 hours ago

How India, China Conflict In Ladakh Is Becoming A ‘Test Platform’ For Drone Technology?

In a bid to compete with one another, India and China have been deploying their heavy weaponry and latest armaments...

India-Pakistan ties India-Pakistan ties
Featured18 hours ago

Pakistan Slams India For “Illegally” Freezing Amnesty’s Bank Accounts

Pakistan’s foreign minister – Shah Mahmood Qureshi on Wednesday lamented India “illegally” freezing Amnesty International’s bank accounts and called on...

Featured21 hours ago

Russia, China or The US: Which Country’s Air Force Operates The World’s Fastest Fighter Jets?

Ahead of the dawn of sixth-generation fighter jets including Britain’s “Tempest”, US’ secret fighter under NGAD program, and proposed Russian...

Trillion-Dollar-Infra Trillion-Dollar-Infra
Americas23 hours ago

“Shut-Up Man!”: Donald Trump Has A Face-Off With Joe Biden At US Presidential Debate

US President Donald Trump and Democratic nominee Joe Biden clashed Tuesday evening during a political showdown that repeatedly broke down...

rafale-jets rafale-jets
Featured1 day ago

After The Rafale Fiasco, How Will Indian Armed Forces Benefit From The Removal Of Offset Clause?

The Rafale fighter jets were back in the media limelight when the Comptroller and Auditor General of India (CAG) reprimanded...