G7 Summit commits to promoting India-Middle East-Europe Economic Corridor
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At the G7 Summit, the Group of Seven industrialized nations committed to promoting infrastructure projects such as the India-Middle East-Europe Economic Corridor (IMEC), reaffirming a commitment to a "free and open Indo-Pacific." Prime Minister Narendra Modi attended the summit at the invitation of Italian Prime Minister Giorgia Meloni. The IMEC is a path-breaking initiative that envisions a vast road, railroad, and shipping network among Saudi Arabia, India, the United States, and Europe. It is seen as an initiative by like-minded nations to gain strategic influence in the face of China's Belt and Road Initiative (BRI). The IMEC initiative was firmed up on the sidelines of the G20 Summit hosted by India in Delhi last year.
#G7Summit #IndiamiddleEasteuropeEconomicCorridor #Infrastructure #Indopacific #NarendraModi #GiorgiaMeloni #China'sBeltAndRoadInitiative #G20Summit
https://m.economictimes.com/news/economy/foreign-trade/g7-summit-commits-to-promoting-india-middle-east-europe-economic-corridor/articleshow/111012763.cms
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