Washington, 16 January (H.S.): With the recent ceasefire deal between Israel and Hamas in Gaza Strip, the ambitious India-Middle East-Europe Corridor (IMEC) project may finally become a reality, according to US President Joe Biden.
The IMEC, signed by eight countries including India, U.S., Saudi Arabia, and European Union, aims to enhance transportation and communication links between Asia and Europe through rail and shipping networks. The project had faced a major setback when Hamas attacked Israel in October 2023, but with the new ceasefire agreement, the path-breaking corridor can now move forward. The IMEC initiative not only offers an alternative to China’s One Belt, One Road Initiative but also positions India as a key player in global supply chains and trade routes.
This project highlights India’s proactive approach towards regional economic integration and infrastructure development, as well as its growing diplomatic engagement in the Middle East.
The recent involvement of India in the negotiations between Israel and United Arab Emirates that led to the Abraham Accords further showcases India’s expanding strategic and economic interests in the region. Overall, the successful realization of the IMEC Corridor will have a significant impact on the global economic landscape.
Hindusthan Samachar
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