Prime Minister Narendra Modi on Saturday said the India-Middle East-Europe Economic Corridor promises to be a beacon of cooperation, innovation and shared progress.
The corridor will encourage and provide impetus to economic development through enhanced connectivity and economic integration between Asia, West Asia, the Middle East and Europe, as per sources.
"Prime Minister appreciated Italy’s support for India’s G20 Presidency and Italy’s joining of the Global Biofuel Alliance and the India - Middle East - Europe Economic Corridor," an official statement issued by the Prime Minister Office (PMO) said.
European Council President Charles Michel said on Saturday that climate change and the fight against poverty are two challenges that need to be addressed together, and for this, “you can count on the European Union.”
European Commission President Ursula von der Leyen on Saturday called the new economic corridor "historic" and said that these are state-of-the-art connections for the world of tomorrow, faster, shorter and cleaner.
Terming the announcement of a mega India-Middle East-Europe shipping and railway connectivity corridor as " a real big deal" US President Joe Biden expressed that in the next decade, the partner countries will address infrastructure gaps across low-middle-income countries to maximize inve
This is a historic and first-of-its-kind initiative on cooperation on connectivity and infrastructure involving India, UAE, Saudi Arabia, EU, France, Italy, Germany and the US.
European Commission President Ursula von der Leyen has said the EU will invest at least four billion euros in renewable energy and hydrogen in developing economies through its Global Gateway plan in the next five years.
The United States, India, Saudi Arabia, the United Arab Emirates, the European Union and other G20 partners are set to explore the shipping and rail transportation corridor, which is aimed at aiding in the flow of commerce, energy and data from India across the Middle East up to Europe.
The summit is being attended by more than 30 heads of state and top officials from the European Union and invited guest countries and 14 heads of international organisations.
The other delegation heads who were received by Prime Minister Modi include the Director-General of the World Health Organization, Tedros Adhanom Ghebreyesus, Secretary-General of the United Nations, António Guterres, Secretary-General of the OECD, Mathias Cormann, President of the
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