19th September 2023 (8 Topics)
1
Sep
2
Sep
4
Sep
5
Sep
6
Sep
7
Sep
8
Sep
9
Sep
11
Sep
12
Sep
13
Sep
14
Sep
15
Sep
16
Sep
18
Sep
19
Sep
20
Sep
21
Sep
22
Sep
23
Sep
25
Sep
26
Sep
27
Sep
28
Sep
29
Sep
30
Sep
Corridor to a New World
Context:
With the recently introduced India-Middle East-Europe Corridor (IMEC) has immense potential to put India, Middle East and Europe on collective path to growth, triggering regional and global cooperation.
Historic Establishment of IMEC
- Global Summit for Connectivity: World leaders convened in New Delhi to establish IMEC, fostering trade and connectivity on a global scale.
- Ancient Roots, Modern Vision: IMEC draws inspiration from ancient trade routes, envisioning a reliable, cost-effective transport network for goods and services.
- Revolutionizing Regional Trade: IMEC shortens transit times and enhances accessibility, promising economic benefits for India, the Middle East, and Europe.
IMEC's Dual Corridors and Infrastructure Challenges
- Two Vital Corridors: IMEC comprises an eastern corridor connecting India to the Arabian Gulf and a northern corridor linking the Gulf to Europe.
- Eastern Strength, Western Potential: India boasts robust infrastructure in the east, while the west offers established sea routes to Europe.
- Bridging Land Gaps: The main challenge is connecting Gulf and Mediterranean ports, especially the critical Saudi Arabia-Haifa Standardization and funding are essential.
IMEC's Advantages and Vision
- Green and Sustainable Growth: IMEC includes electricity and hydrogen pipelines, contributing to eco-friendly development and reduced greenhouse gas emissions.
- India's Leadership Role: India, as a regional leader, can support rail projects through its public sector units, enhancing connectivity.
- Global Cooperation for Prosperity: IMEC initiates a new era of global cooperation, fostering socio-economic development across continents, benefiting millions.
You must be logged in to get greater insights. click here to login
More Articles
Courses
Study
Notes
Home
Resources
More
