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Also known as the Eastern Maritime Corridor (EMC), it is set to boost maritime ties between India and Russia.
About EMC
- Envisioned during the Eastern Economic Forum (2019) in Vladivostok, Russia.
- It seeks to develop a sea route between the Indian port of Chennai and Vladivostok through Northeast Asia.
- Covers a distance of around 10, 300 km.
- Passes through the Sea of Japan, the South China Sea, Malacca Strait, etc.
Significance of the Corridor
- Reduced Logistics cost: Due to reduction in transportation time (by around 16 days) and distance (by around 40%).
- Present trade route between Mumbai and St. Petersburg (Russia) via Suez Canal takes around 40 days and covers a distance of around 16, 066 Km.
- Boost India’s maritime sector: The sector handles around 95% (by volume) and 70% (by value) of country’s trade.
- Complement India’s Maritime Vision, 2030 that encompasses more than 150 initiatives from all areas of Maritime Sector.
- Address China’s Dominance: Passes through the South-China Sea.
- Vladivostok is located at a short distance from Russia-China border.
- Boost India’s Act Far East Policy: Offer enhanced access to Russian resources and provide stronger foothold to India in the Pacific trade network.
Other Significant Maritime Corridors
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