imeec project

The India Middle East Europe Economic Corridor (IMEEC) is a strategic project aimed at transporting goods from Indian ports to Fujairah in the UAE by ship and then by train to Haifa in Israel.

Finance Minister Nirmala Sitharaman has expressed concern over the ongoing conflict between Israel and Gaza, stating that it poses a challenge to the India Middle East Europe Economic Corridor (IMEEC). However, she emphasized that IMEEC will bring numerous benefits such as improved transportation efficiency, reduced logistics costs, economic unity, employment generation, and lower greenhouse gas emissions. The project, expected to be completed in three to four years, will connect Indian ports on the west coast to the UAE, Saudi Arabia, and Israel.

Critics may dismiss the India-Middle East-Europe Corridor as a BRI copycat. But more than a corridor, it envisages an ecosystem that will boost India’s economy in the long run

The India Middle East Europe Economic Corridor (IMEEC) is a strategic project aimed at transporting goods from Indian ports to Fujairah in the UAE by ship and then by train to Haifa in Israel. The containers will then be moved to Europe, with several countries already joining the alliance. The plan is to make the movement hassle-free and have standardized equipment at all ports and railway yards involved.

Maharashtra CM Devendra Fadnavis announced the Mumbai-Ahmedabad bullet train project is set for 2028 completion, highlighting progress after delays under the previous government. The state aims to attract $50 billion in international investment for infrastructure, including the Vadhavan port with an adjoining airport, expected within 3-4 years.

Millions of Indians working across the West Asia region were advised caution and hundreds of travellers in India and Middle East were stranded as the conflict resulted in air space closures

The India-Middle East-Europe Economic Corridor emerged as a surprise byproduct of the G20 summit in New Delhi. But the latest West Asia conflict has put a spanner in the works

Abu Dhabi Crown Prince Sheikh Khaled Bin Mohamed Bin Zayed Al Nahyan visited Mumbai, where India and the UAE signed two key agreements to enhance trade and investment. These include launching the India-UAE Virtual Trade Corridor and an MoU for global collaboration in critical mineral supply chain exploration, aimed at reducing costs and improving efficiency.

PM Modi's Saudi Arabia visit prioritizes energy, trade, investment, and defense, alongside addressing global issues like the West Asia conflict and the Russia-Ukraine war. Discussions will include the India-Middle East-Europe Economic Corridor (IMEEC) and Saudi Arabia's proposed $100 billion investment in India. Both nations aim to strengthen defense ties and explore increased military exercises, fostering a deeper strategic partnership.

Prime Minister Narendra Modi has announced plans for the India-Middle East Europe Economic Corridor (IMEEC), which he claims will transform global trade. The corridor will involve several projects, including the development of a mega port, container trans-shipment port, island development, inland waterways, and multi-modal hubs. Modi believes that the corridor will reduce business costs, improve logistics, reduce environmental degradation, and create jobs.

PM Modi just wrapped up his latest visit to the Gulf and India’s ties with the strategically key region have never been better. Cooperation across crucial sectors is set to deepen

Marrying a country's geopolitical priorities with its trade and commerce objectives is not always an easy task. Although part of the same quest for enhancing the country's interests, they often exist in tension with each other.

Prime Minister Narendra Modi has launched maritime projects worth Rs 23,000 crore and unveiled a vision document for the blue economy. The projects aim to enhance port facilities, promote sustainable practices, and facilitate international collaboration. The Prime Minister also inaugurated and laid the foundation stone for projects aligned with the 'Amrit Kaal Vision 2047' for the Indian maritime blue economy.

Union Finance Minister Nirmala Sitharaman calls for concrete action on climate funding and transfer of technology at COP28. She highlights the need for funding and technology transfer for developing and emerging market economies. Sitharaman emphasizes that India has funded its own Paris commitment and expects COP28 to show the direction for both technology transfer and funding. She also assures that geopolitical tensions in the Middle East will not affect the India-Middle East-Europe Corridor (IMEEC) project.

India is planning a massive investment of Rs 80 lakh crore in its maritime sector, aiming to increase port capacity and boost shipbuilding. Key projects include new mega ports and a shift towards clean-fuel shipbuilding. The goal is to become a global leader in the maritime industry by 2047.

Prime Minister Narendra Modi inaugurated the Global Maritime India Summit 2023 and unveiled a blueprint for the maritime blue economy till 2047. He laid the foundation stone for projects worth over Rs 23,000 crore aligned with the maritime blueprint. Modi emphasized the transformative impact of the proposed India-Middle East Europe Economic Corridor and highlighted the government's efforts to strengthen the maritime sector, including doubling the capacity of major ports, improving port connectivity, and modernizing coastal shipping modes. He also mentioned the growth of cargo handling in national waterways and India's improvement in the Logistics Performance Index.