Explained: The Significance Of Europe-Mid East-India Trade Corridor Plan
NDTV
The project aims to link Middle East countries by railway and connect them to India by port, helping the flow of energy and trade from the Gulf to Europe, US officials have said, by cutting shipping times, costs and fuel use.
Ambitious plans for a corridor linking Europe, the Middle East and India were unveiled today on the sidelines of the G20 summit in Delhi. It aims to link Middle East countries by railway and connect them to India by port, helping the flow of energy and trade from the Gulf to Europe, US officials have said, by cutting shipping times, costs and fuel use.
"We all have reached an important and historic partnership," Prime Minister Narendra Modi said at the launch event of the 'Partnership for Global Infrastructure and Investment' and 'India-Middle East-Europe Economic Corridor' during the G20 Summit.
Wide-Ranging Implications
