The India-Middle East-Europe Economic Corridor : A Game-Changer in International Trade Dynamics


New Delhi  : Prime Minister Narendra Modi said that the India-Middle East-Europe Economic Corridor (IMEC) will prove to be a big game changer like the Silk Road. An agreement for IMEC was reached during the G20 summit hosted by India last year. An MoU for IMEC was signed by India, the US, the United Arab Emirates (UAE), Saudi Arabia, France, Germany, Italy and the European Union during the G20 summit held in New Delhi in September last year.

In an interview, PM Modi said about IMEC, ‘Gulf countries have played a positive role. America and Europe have also supported India on this. Pictures of Saudi Crown Prince Mohammed bin Salman, PM Narendra Modi and US President Joe Biden shaking hands at the G20 had made headlines globally. He said, when we work for global good, there are no ifs and buts. You can take the world with you and that’s what I tried to do. You tell me how the G8 and G20 came into existence. We should never deviate from the issues for which they have been formed. I reassured everyone. There were some people I needed to talk to privately. I did the same. Secondly, my intention was that I would not bring the proposal in the last session. I will do it so quickly that people will be surprised. Therefore, I completed the announcement work for the second day on the first day itself. This was my strategy and that strategy worked.

On the question of shaking hands between Biden and Mohammed bin Salman, PM Modi said that he is friends with both the leaders. He said, we have worked on IMEC, which is going to be a big game changer like the Silk Route. The Gulf countries had a positive and active role. India got a chance to play a good role. America and Europe were with us. Everyone thought there would be a solid and positive outcome. So we used to meet on that. The PM further said, so there was an opportunity to bring the Saudi King and President Biden together and I have a good friendship with both of them.

The IMEC represents a watershed moment in global economic history. Spearheaded by the visionary leadership of Prime Minister Narendra Modi, IMEC embodies the spirit of collaboration, innovation, and progress. As IMEC gathers momentum, it heralds a new era of prosperity, connectivity, and shared prosperity for nations across continents. With unwavering determination and collective resolve, IMEC is poised to chart a course towards a brighter, more interconnected future.


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