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DAILY NEWS ANALYSIS

  • 04 September, 2021

  • 12 Min Read

6th Eastern Economic Forum (EEF) session

  • Prime Minister Shri Narendra Modi delivered a video-address during the plenary session of the 6th Eastern Economic Forum (EEF) held on 3 September 2021 in Vladivostok.
  • It may be recalled that PM was the Chief Guest for the 5th EEF in 2019, the first by an Indian Prime Minister.
  • In Indian history and civilization the word ‘Sangam’ has a special meaning. It means confluence or coming together of rivers, people or ideas. In my view, Vladivostok is truly a ‘Sangam’ of Eurasia and the Pacific.
  • Applauding President Putin’s vision for the development of the Russian Far East, PM reiterated India’s commitment as part of its "Act East Policy’ of being a reliable partner of Russia in this regard.
  • In 2019, India committed to an “Act Far East” policy. This policy is an important part of our special and privileged strategic partnership with Russia.
  • He underlined the natural complementarities of India and Russia in the development of Russian Far East.
  • PM stressed on the importance of greater economic and commercial engagement between the two sides in line with the ‘Special and Privileged Strategic Partnership’.
  • Mazagon Docks Limited will partner with ‘Zvezda’ for construction of some of the most important commercial ships in the world.
  • India and Russia are partners in space exploration through the Gaganyaan program.
  • India and Russia will also be partner in opening of the Northern Sea Route for international trade and Commerce.
  • The friendship between India and Russia has stood the test of time. Most recently it was seen in our robust cooperation during the Covid-19 pandemic including in the area of vaccines. The pandemic has highlighted the importance of the health and pharma sectors in our bilateral cooperation.
  • Ministry of Petroleum & Natural Gas Mr Hardeep Puri is in Vladivostok to represent India at this forum Indian workers are participating in major gas projects in the Amur region, from Yamal to Vladivostok and onward to Chennai. We envisage an energy and trade bridge known as Chennai - Vladivostok Maritime Corridor.
  • This connectivity project along with the International North- South Corridor will bring India and Russia physically closer to each other.
  • India has long term supply of coking coal to the Indian steel industry.
  • We are also exploring new opportunities in agro industry, ceramics, strategic and rare earth minerals and diamonds.
  • He also referred to other potential areas of economic cooperation including diamond, coking coal, steel, timber etc.

Source: PIB


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