India-Middle East-Europe Economic Corridor (IMEC)
On 9th Sept, on the sidelines of the G20 Summit in India, an agreement was reached among India, the US, Saudi Arabia, the European Union, the UAE, France, Germany, and Italy to create the India – Middle East – Europe Economic Corridor (IMEC), aimed at enhancing economic growth through integrated transport corridors.
Key Points
- Shared Vision: The corridor aims to enhance connectivity by developing railways and ports linking Europe, the Middle East, and Asia.
- Global Infrastructure Investment: The corridor is a component of the Partnership for Global Infrastructure Investment, collaboration among G7 nations to finance infrastructure projects in developing nations.
- Strategic Counter: ....
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