‘Agents may succeed in promoting their products export such as processed minerals, pharmaceuticals, chemicals, tea, steel to Russia’

Sunil Kohli, MD, Rahat Cargo said, “The ongoing efforts by the governments concerned to boost the India-Russia-China economic corridor may yield enhanced connectivity avenues such as the INSTC (International North-South Transport Corridor) and Eastern Maritime Corridor(EMC) thereby streamlining logistics with digital tracking, using local currencies of the respective countries followed by diversifying trade beyond energy namely pharmaceuticals, minerals for oil/coal. The coordinated corridor of economic understanding among the three countries may also address regulatory hurdles through focused agreements with a view to professionalise these Eurasian routes. The Indian freight forwarders may succeed in promoting their products export such as processed minerals, pharmaceuticals, chemicals, tea, and steel to Russia whereas liberalised imports from Russia may be witnessed comprising coal, oil, gas and fertilisers.”