India, Russia discussed prospects for development of Northern Sea Route
The promising projects and opportunities for the development of cooperation with regard to the Northern Sea Route were discussed at the meetings with Indian business community held in New Delhi and Mumbai. A delegation including the representatives from the Ministry for the Development of the Russian Far East, Rosatom, the Corporation for the Development of the Far East and the Arctic, and VEB.RF visited India.
The key items of the Indian-Russian agenda including the development of friendly relations, as well as trade, economic, and investment cooperation in the Far East and the Arctic were also discussed at the practical session “The Russian Far East and the Arctic – study of new prospects and opportunities for bilateral cooperation”; a meeting with S. Sonowal, Minister of Ports, Shipping and Waterways of India, held with the participation of Indian transport and logistics companies.
The parties discussed the prospects for the development of transport connections and logistics between the two countries, including the routes of the Northern Sea Route, the Arctic and Far Eastern railway and port infrastructure.
“Russian Far East and the Arctic – study of new prospects and opportunities for bilateral cooperation” practical session was organized with the support of the Confederation of Indian Industry (CII) as part of the visit of the delegation to Mumbai. CII members, representing the logistics, energy and fuel industries of India participated in the session.
In his address to the session participants, Vladimir Panov, Special Representative for the Development of the Arctic, Rosatom, noted that 2022 saw drastic changes in the trajectory of the Northern Sea Route development. According to V. Panov, cargo flows will be redirected to Asia.
“The Northern Sea Route can become an alternative for a part of the cargo going to and from the East. We are ready to quickly arrange the key components for the year-round operation of this route: the operation of ports and icebreaking support, the cargo fleet,” said Vladimir Panov.
In his speech, Vladimir Panov told his Indian colleagues about the current status and development prospects for the infrastructure to ensure year-round navigation along the Northern Sea Route, presented the aspects of icebreaking support for voyages, safety and environmental safety of shipping.
