Chennai – Vladivostok Corridor may take off

Russia is planning to renew the Chennai-Vladivostok Corridor, according to Russian Deputy Far East and Arctic Development Minister, Anatoly Bobrakov.

Russian delegation headed by him will also be visiting Chennai in the coming days to take forward the discussions. .Significantly the Russian Minister Bobrakov participated in the Vibrant Gujarat Global Summit, but skipped the investors meet held in Chennai a few days earlier. The corridor proposal is under consideration for the last five years. Besides the periodic media highlights, the project has not moved an inch forward since then.

“We are planning to renew the line from Chennai to Vladivostok and we are planning to visit India again to visit Chennai at the end of January to discuss future steps to renew this line. We think that will be very profitable and for the mutual benefit of our countries,” he said.

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. ,.Talking to the media persons, the Russian minister said major areas where India and Russia can collaborate and do business, are pharmaceuticals and logistics. “

Russia sees a strong interest in Indian business circles in Russia, in the forest, and the Arctic. “We’ve had a lot of meetings, bilateral and collective, and we see a strong interest in Indian business circles in Russia, in the forest, and the Arctic.

Industry sources in Chennai are however not optimistic about the corridor since unlike the western parts of Russia the eastern part represented by Vladivostok is not industrialized. The corridor could yield some petroleum products for India.