India and Russia are planning major transport corridors – Mundra to Saint Petersburg, Chennai to Vladivostok

FESCO, one of the largest private transport and logistics companies in Russia, has announced that it has signed an agreement with an Indian logistics group to develop sea transport between the two countries.

The memorandum of understanding was signed earlier this week by Andrey Severilov, CEO of FESCO, and Ashish Sheth, Chairman of the Delhi-based Saksham Group, during Russia’s largest transport and logistics fair, TransRussia, in Moscow.

The parties plan to organize direct sea services from the Mundra ports in Gujarat and Nava Sheva in Navi Mumbai to the Black Sea ports of Novorossiysk and Saint Petersburg and in the opposite direction, as well as to conduct a study on the potential cargo base between the ports of Chennai and Vladivostok for the possibility to start a sea line on this route.

“I am sure that the cooperation between FESCO and Saksham Group will be another important step in the development of the Russian-Indian trade partnership, which has reached a fundamentally new level of interaction over the past year,” Severilov said.

“The maritime services that we intend to launch with our Indian counterparts will provide a reliable basis for expanding cargo throughput and the range of goods between our countries,” he added.

As reported by IndiaNarrative.com, FESCO recently conducted the second Antarctic expedition under a new five-year contract with the National Center for Polar and Ocean Research (NCPOR) – India’s leading research and development institution responsible for the country’s research activities in the polar – and southern region responsible is oceanic realms.

The Russian company’s icebreaker ship Vasily Golovnin completed a return voyage to the South Pole earlier this month during which it delivered cargo to India’s Antarctic research stations Bharati and Maitri on the Antarctic coast.

In the last week of March, Russian Far East and Arctic Development Minister Alexei Chekunkov held extensive meetings with representatives of Indian companies based in Mumbai and also met Minister of Ports, Shipping and Waterways Sarbananda Sonowal.

FESCO Vice President for Linear Logistics Division German Maslov, who also accompanied the Russian delegation, spoke about the group’s intermodal services from India to Moscow, Yekaterinburg, Novosibirsk and Khabarovsk via the country’s main ports.

Later, in his meeting with Indian cargo owners in Delhi, Maslov noted the growing container throughput between India and Russia and the current services between Indian ports and Vladivostok, Saint Petersburg, Kaliningrad and Novorossiysk, as well as the routes the group plans to start in the near future.

On Monday, Foreign Minister S Jaishankar spoke again on the development of transport corridors along the India-Russia region route and container traffic between India and Russia at an India-Russia economic dialogue along with the visit of Russian Deputy Prime Minister and Trade and Industry Minister Denis Manturov to New Delhi Russian ports in the Far East.

EAM spoke on the importance of connectivity initiatives including the International North-South Transport Corridor (INSTC) as well as the Eastern Maritime Corridor (Chennai-Vladivostok Corridor), which India believes will play a key role in expanding and diversifying bilateral trade would play economic cooperation.

vladivostak chennai

The commercial port of Vladivostok is the largest universal port in the Russian Far East. Annual cargo handling exceeds 12.9 million tons. The Vladivostok railway station, located on its territory, receives and dispatches up to 10 trains with containers and general cargo every day.

“In my opinion, the Eastern Maritime Corridor fits in with our goal, the so-called ‘Act East Policy’, and with the Russian policy of using the Far East as an additional economic engine. So I think there is a synergy there waiting to be tapped into,” Jaishankar said.

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