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Armenia offers alternative sea trade route to India amid tensions in Red Sea

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Armenia offers alternative sea trade route to India amid tensions in Red Sea

Houthi attacks on commercial ships on Red Sea trade routes began in mid-November.

New Delhi:

Armenia is ideally placed to offer India an alternative maritime trade route, especially with Europe, the country’s Labor and Social Affairs Minister Narek Mkrtchyan said on the sidelines of the ninth edition of the Raisina Dialogue in the national capital on Wednesday.

“The Armenian government is committed to building partnerships in key regional and global projects such as the North-South Transport Corridor (INSTC), the Gulf Black Sea Transport and Transit Corridor and the Chabahar port development, which is a collaborative effort between India and Iran,” The minister told ANI on the sidelines of the event.

Raisina Dialogue is India’s premier conference on geopolitics and geo-economics, committed to addressing the most challenging issues facing the global community.

Elaborating further on the country’s offer of an alternative route for commerce, the Armenian minister said it is ‘important’ at a time when many countries, including India, are looking for alternative sea routes to trade with Europe and the West. Attacks on commercial ships passing through the Red Sea.

Houthi attacks on commercial vessels on Red Sea trade routes began in mid-November, with the group linking these disruptions to its demand for an end to Israel’s offensive in Gaza and aid delivery to Palestinians ‘under siege’.

“Armenia holds a strategic position to offer India an alternative maritime trade route, especially with Europe,” Mkrtchyan said.

He also stressed Armenia’s commitment to partnership in important regional and global projects, including the North-South Transport Corridor (INSTC), Gulf Black Sea Transport, Transit Corridor and collaborative development of Chabahar port with India and Iran.

The proposal assumes significance amid growing interest in alternative sea routes due to security concerns in traditional routes such as the Red Sea.

The minister also pitched for collaboration with India on Artificial Intelligence (AI) through a global alliance, where ministers from both countries can consult and accelerate investments for AI.

He said, “There is potential to collaborate on AI for social good to address areas such as healthcare, agriculture and environmental protection planning. We will also potentially create a global AI innovation platform to facilitate sharing of solutions and research.” Can also be installed.”

The Ministry of External Affairs said in an official statement that bilateral dialogue between India and Armenia is being conducted through the Foreign Office Consultations and the Intergovernmental Commission on Trade, Economic, Scientific and Technological, Cultural and Educational Cooperation and through the mechanisms of high-level dialogue from time to time. Is organized. Release first.

The ninth edition of the Raisina Dialogue began on Wednesday and is scheduled to conclude on February 23. The event is organized by the Ministry of External Affairs in collaboration with the Observer Research Foundation (ORF), a think tank.

Greek Prime Minister Kyriakos Mitsotakis is the chief guest and keynote speaker at the 9th Raisina Dialogue.

This year, ministers, national security advisers, senior officials and representatives from industry, technology, finance and other sectors from more than 100 countries are participating in the event.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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