The summit had participation from the seven member countries, the US, UK, Canada, Germany, Italy, Japan, and France, as well as the European Union. Italian Prime Minister Giorgia Meloni had invited India as an 'Outreach Country' at the G7 summit held in Italy's Apulia region from July 13-
The Indian delegation included officials from from Ministry of Shipping, Ports and Waterways, Ministry of Commerce and Industry, Central Board of Excise and Customs and Deendayal Upadhyay Port, Kandla.
"In the midst of the entire G-20, this was actually one of the big achievements. So it mattered enough for everybody to take a timeout and figure out how to do this. And even though there is a lot of turbulence in the Middle East after October 7, the one thing on which all the IMEC partne
Prime Minister Narendra Modi has said that India-Middle-East-Europe Economic Corridor, for which an agreement was reached during the G20 summit hosted India last year, will be a "big game changer like the silk route"
According to a press release, the agreement, inked on Wednesday, during a high-level visit between the two nations, focuses on cooperation for the empowerment and operation of the India-Middle East Europe Economic Corridor (IMEC).
They include the India-Middle East-Europe Economic Corridor (IMEC) initiative through the Arabian peninsula and the international north-south transport corridor and towards east the trilateral highway in southeast Asia and the Chennai Vladivostok route, which also has polar implications..
In a world that faces geopolitical tensions and other challenges, India's rise on the international stage and its position as a growing force at the heart of the G20 makes the country a key ally in the pursuit of peace, security and efforts to fight climate change, Greece Prime Minister Kyr
Foreign Secretary Vinay Kwatra emphasised that the alignment of the India-Middle East-Europe Economic Corridor (IMEC) remains unchanged, adding that it is progressing very strongly and robustly.
The Union Minister also underscored the success of India's G20 presidency and said that during the tough times engulfed by the COVID-19 pandemic, India navigated its way and addressed global problems.
He said bilateral trade has increased under the India-UAE Comprehensive Economic Partnership Agreement (CEPA). He also highlighted key collaborations such as the India-Middle East-Europe economic corridor and initiatives to promote Rupay and facilitate direct trade between rupee and dirham.
Israel President Isaac Herzog on Thursday accused Iran of "orchestrating" the October 7 attacks by Hamas to "derail" the India-Middle East-Europe Economic Corridor which was paving the way for Israel's inclusion in the region and peace process.