Committed to the creation of ‘India-Middle East-Europe’ economic corridor : G7 nations

India will be connected to the Western Asia and Europe through railways and ports

Apulia (Italy) – The Group of 7 Industrial Nations (G7) said at a summit here that they were committed to the creation of an ambitious ‘IMEC Corridor’ connecting India, Western Asia and Europe. At this time, the G7 countries also mentioned that they will ‘encourage complementary efforts to develop initiatives that promote global infrastructure and investment’.

G7 Summit commits to promote India-Middle East-Europe Economic Corridor (IMEC)

The IMEC is a connectivity project that seeks to develop infrastructure ports, railways, roads, sea lines and pipelines to improve trade among India, the Arabian Peninsula, the Mediterranean region… pic.twitter.com/7AlYcT5aNO

— Sanatan Prabhat (@SanatanPrabhat) June 16, 2024

The ‘G7’ conference was recently held in Apulia, southern Italy. Indian Prime Minister Narendra Modi attended the conference on the special invitation of Italian Prime Minister Giorgia Meloni. The project was announced by Prime Minister Modi at the G-20 summit held in New Delhi in September 2023.

What is the ‘IMEC Corridor’ ?

‘IMEC Corridor’ means India-Middle East-Europe Economic Corridor. Through this project, Western Asia and Europe will be connected to India through railways and ports. The project involves India along with the United Arab Emirates, Saudi Arabia, the European Union, France, Italy, Germany and the US. The project is seen as a boost to China’s notorious ‘Belt and Road Initiative’, as well as the ‘China-Pakistan Economic Corridor’. Interestingly, Italy’s withdrawal from the ‘Belt and Road Initiative’ last year was said to be a shock to China.