The central government is eager to finalise plans for the two trade routes by February as it is expected to boost public sentiment ahead of the upcoming general elections, to be held between April and May 2024.
The company plans to transform Salaya Port into a green port, where green hydrogen production, storage for biofuels, and LNG would be undertaken, CEO Rajiv Agarwal tells Moneycontrol
Sarbananda Sonowal says the new route between Vladivostok and Chennai will reduce the distance between India and Russia from the current 8,675 nautical miles to around 5,600. Ministry is in discussions with five international shipping lines for a dedicated service between the two ports
The second round of MoUs signed by the government comes after 34 agreements worth Rs 3.24 lakh crore were signed on the first day of the Global Maritime India Summit