November 19, 2024
2 mins read

India, Greece discuss operationalisation of IMEC corridor 

The discussion touched on the IMEC, which was agreed upon during the G20 summit last year. ..reports Asian Lite News

Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal, had a bilateral meeting with his Greek counterpart Christos Stylianides on Monday wherein they discussed the operationalisation of the ambitious India-Middle East-Europe Economic Corridor 

During the meeting, Sonowal also invited Greek shipping companies to play a significant role in its shipbuilding industry. The meeting was held on the sidelines of ORF’s Sagarmanthan, the Great Oceans Dialogue. 

The discussion touched on the IMEC, which was agreed upon during the G20 summit last year. 

Talking to reporters following the meeting, Sonowal said: “We had a discussion on IMEC. The IMEC corridor was decided during the G20 meeting last year. We will take all the steps required to operationalize [it].” 

The India-Middle East-Europe Economic Corridor (IMEC) is a new trade route connecting India, the Middle East, and Europe. Announced in 2023, it aims to improve trade, transport, and communication between these regions through a network of railways and sea routes. The project is designed to make trade faster and more efficient, boosting economic ties and reducing reliance on longer routes. 

Praising Greece’s global stature in the shipping industry, Sonowal expressed India’s interest in fostering Greek investments 

” We have welcomed Greek minister here at Sagarmanthan. We are building on the agenda set up by Prime Minister Narendra Modi and his counterpart during their bilateral meeting,” Sonowal noted. 

“In the shipping sector, Greece has a leadership. We want Greece companies to operate in India and play an important role in the shipbuilding sector,” he stated. 

Stylianides also shared a positive outlook on the meeting, emphasizing their shared goals amidst global geopolitical shifts and the importance of practical initiatives that benefit both nations. 

He remarked, “After the excellent meetings between our ministers and our Prime Ministers, we found practical initiatives and decided to collaborate, especially in shipping and maritime affairs.” 

Earlier this year in February, Prime Minister Narendra Modi met the Prime Minister of Greece Kyriakos Mitsotakis 

During his visit to India, Mitsotakis asserted that despite the Israeli war in Gaza “destabilising” plans for the India-Middle East Economic Corridor (IMEC), India and Greece should persevere with the “peace project”. 

“The war in Gaza and turmoil in the Middle East is undoubtably destabilising but it does not undermine the powerful logic behind IMEC. Nor should it weaken our resolve to work towards realising it,” Mitsotakis had told a gathering of international delegates at the conference organised by the Ministry of External Affairs and the Observer Research Foundation (ORF). (ANI) 

ALSO READ: West reaffirms commitment to strengthen ties with India 

Previous Story

India asks developed nations to remove tech transfer curbs 

Next Story

Saudi eyes climate collaboration with Rajasthan   

Latest from -Top News

Trump-Putin bhai, bhai

The closer Trump and Putin get Britain, France and other Western countries which, since the end of the Second World War, have seen America as an ally, will have to rethink their

Mali embraces solar power for rural areas  

The border village of Karan and its 3,000 people used to go days without electricity. Now, enough power is available around the clock to run small video gaming centers and boost commercial

British exports shine in African infrastructure 

Established 18 years ago, Dints is a London-based project integrator that specialises in connecting buyers, suppliers, logistics providers, and funding partners  A significant partnership between UK Export Finance (UKEF) and British firm
Go toTop

Don't Miss

India-Qatar bilateral trade touched $15 billion: Naidu

Naidu noted that there has been a steady increase in

Kerala CM accuses Governor of trying to disrupt peace

After facing a black-flag protest from members of the SFI,