Chennai-Vladivostok Maritime Corridor

The Chennai-Vladivostok Eastern Maritime Corridor has commenced operations, which facilitates the transport of oil, food, and machinery. Sarbananda Sonowal, Minister for Ports, Shipping, and Waterways, announced its significance.

Corridor Efficiency

The corridor reduces transport time between India and Far East Russia has decreased from 40 days to 24 days. Additionally, the distance covered has been reduced by 40%.

Collaboration with Greece

India and Greece are collaborating on the India-Middle East-Europe Economic Corridor (IMEEC). This initiative was introduced last year. It aims to enhance connectivity between India and Europe through various countries.

IMEEC Route Details

The IMEEC spans approximately 4,800 km, which connects India to Europe via the UAE, Saudi Arabia, Jordan, Israel, and three European nations – Italy, France, and Greece. The corridor includes both rail and sea links, improving trade routes.

Key Ports Involved

Ports like Paradip and Vizag in the Bay of Bengal play important role in the Chennai-Vladivostok corridor. These ports ensure smooth operations and effective logistics for the corridor’s functioning.

India aims to become the world’s leading maritime nation by 2047. This vision encompasses various sectors, including port operations, cargo handling, shipbuilding, repair, recycling, technology, and maritime laws.

Recent Maritime Dialogue

Mr. Sonowal discussed these developments at Sagarmanthan – The Great Oceans Dialogue. This two-day event attracted over 1,700 participants, including 215 delegates from 60 countries. It served as a platform for maritime discussions and collaborations.

Despite the progress, concerns exist regarding IMEEC’s advancement. Ongoing conflicts in West Asia, particularly tensions affecting Israel, Gaza, and Lebanon, pose challenges. These issues may impact the corridor’s operations and overall connectivity.

Important Facts for Exams:

1. Chennai-Vladivostok Corridor: This corridor reduces transport time . It connects India and Far East Russia. Travel time decreased from 40 days to 24 days. Distance reduced by 40%.
2. IMEEC: The India-Middle East-Europe Economic Corridor spans approximately 4,800 km. It enhances connectivity between India and Europe. It includes rail and sea links through multiple countries.
3. Sagarmanthan: Sagarmanthan is known as The Great Oceans Dialogue. It is a two-day event focused on maritime discussions. Over 1,700 participants attended including 215 delegates from 60 countries.

Month: Current Affairs - November, 2024

Category: International / World Current Affairs