A seaport with a capacity of 12.5 million tons will be constructed in Russia’s Kalmykia region, near the city of Lagan. It will connect the operating ports of Iran, India, and Kazakhstan with Russia. The new port will consist of 32 off-loading terminals and other facilities, such as elevators with a capacity of 300,000 tons of simultaneous storage for grain crops, as well as terminals for storing and shipping vegetable oils, fruits, vegetables, and other goods.The grain and container terminals will have the capacity of five million tons each, while the liquid cargo terminal will have a capacity of 500,000 tons. Container transportation is one of the promising. Read more...
Economic ties between India and Russia in priority sectors should deepen and diversify to meet the bilateral trade target of $30 billion by 2025, India’s commerce ministry said on Tuesday, according toRegnum. This was emphasized by Russia’s Deputy Prime Minister Yuri Trutnev and Commerce and Industry Minister Piyush Goyal during a business session this week in Vladivostok. In 2018-19, the bilateral trade between the countries stood at $8.3 billion. A delegation including chief ministers of Indian states Haryana, Gujarat, Uttar Pradesh, and Goa and about 140 Indian companies were led by Goyal at the session. He urged companies of both countries. Read more...
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