With Prime Minister Narendra Modi’s visit to Vladivostok, Russia, the wheel of history seems to be making positive corrections in India’s vision for a New World Order. The current ruling dispensation has realised that keeping all eggs in one basket can never be a wise proposition and the perception of India sitting on America’s lap must go sooner than later. Modi, in his second tenure, wants to follow the path of Jawahar Lal Nehru’s Non-Alignment—a time tested policy.
Modi is the first Indian prime minister to visit the Russian Far East region, where he participated in the 20th IndiaRussia annual summit and the 5th meeting of the Eastern Economic Forum (EEF). His visit has surely given a new direction, energy and impetus to relations between the two countries. In the summit-level meeting between Modi and Russian President Vladimir Putin, 25 pacts were signed. They cover areas ranging from oil and gas, deep-sea exploration, energy, space, connectivity and minerals. Modi’s presence at the time of signing these agreements between the two nations underscores the importance of beginning a new era.
Russian Far East is a gargantuan landmass with very rich natural resources. But it is an area with very less population and hugely lagging in development. Putin has timely sensed the shifting of global economics to Asia and made a diversified plan for the evolution essentially because of China’s apparent dominance in the Far East. For more than three years, Russia has been specifically focussing on the development of this region. An Indian delegation that included representatives of 140 companies and the chief ministers of various states had visited Vladivostok last month. After Modi’s visit, doors for a maritime route between Chennai and Vladivostok have been opened which will give an astounding boost to business activities. The route will bypass Europe and cargo transfers will take almost half the time – 24 days instead of current 40.
You can read up to 3 premium stories before you subscribe to Magzter GOLD
Log in, if you are already a subscriber
Get unlimited access to thousands of curated premium stories, newspapers and 5,000+ magazines
READ THE ENTIRE ISSUE
September 09, 2019