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IMEEC will be a win-win for stakeholders, says FM Nirmala Sitharaman
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₹14,483 crore ($1.74 billion) for FY25," Sitharaman said. The proposed IMEEC project, which was signed during the G20 leaders summit in New Delhi in September, faces various challenges, including the conflict in Israel.
While the conflict is currently confined to Israel and the Gaza Strip, it could soon ripple across the entire Middle East, according to a recent report by Global Trade Research Initiative (GTRI). In fact, the Israel-Hamas war could also derail the prospect of a historic peace deal between Israel and Saudi Arabia, a lynchpin of the IMEEC framework, the report added.Milestone Alert!
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