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India is planning to build a major port in its western region to further expand trade with Russia.
The port is intended to increase trade with Russia.
The port, to be built in Wadhawan district of Maharashtra, is expected to boost trade through the International North-South Transport Corridor and the India-Central and Eastern Europe Economic Corridor.
Ports and Shipping Minister Sarbananda Sonowal told Parliament that the port is expected to cost $9 billion. The project will be implemented by the Jawaharlal Nehru Port Authority and the Maharashtra Maritime Authority. He said the project will create about 1 million jobs.
India and Russia have a long-standing close relationship. The two countries have close political, economic and cultural ties. The two countries have very close ties, especially in the field of defense. India buys most of its weapons from Russia. Russia also plays an important role in supplying energy to India. In addition, the two countries often speak in unison on the international stage. The two countries are working to further strengthen relations in various fields.
Posts India is building major port to expand trade with Russia First appeared in Tiradun.
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