In a historic development, the New Delhi Declaration was adopted on Saturday by the leaders of the G20 leaders during the Leader’s Summit here in the national capital.
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.