‘The corridor will reduces transportation time & costs, boost Indian exports’

Gautham Raju, Air Freight Specialist said, ‘Taking India-Russia economic partnership to new heights is our common priority’ said PM Modi after talks with Putin. India-Russia-China economic corridor is poised to transform EXIM trade, and freight forwarding agents who adapt quickly will reap the advantages and benefits on core sectors. Agents can offer integrated logistics solutions, including air freight, sea freight, and land transportation. Digitalisation and infrastructure upgrades will streamline logistics processes, enhancing customer satisfaction. PM Modi also said after 23rd India–Russia Bilateral Summit that India and Russia are working towards early conclusion of a free trade agreement with Eurasian Economic Union. Putin said that we are looking at increasing annual bilateral trade volume to USD 100 billion, he said. Putin said Russia is also looking at expanding cooperation in the energy sector with New Delhi, adding his country is ready for uninterrupted shipments of fuel to India. This corridor, comprising the International North-South Transport Corridor (INSTC) and the Chennai-Vladivostok Maritime Corridor, reduces transportation time and costs, making Indian exports more competitive, benefiting industries like pharmaceuticals, electronics, and machinery.