India-Middle East-Europe Economic Corridor will be a success: Amitabh Kant
India's G20 sherpa, Amitabh Kant, has said the India-Middle East-Europe Economic Corridor (IMEC) will be a resounding success, despite the Israel-Hamas conflict casting a shadow over its viability.
«India will continue to play a central role, balancing interests and aligning incentives to ensure IMEC reshapes global trade,» Kant told ET, adding that the project is resilient enough to withstand the current turbulence in the Middle East.
Minted in New Delhi on the sidelines of the G20 summit in September, this ambitious geo-economic and geo-strategic project is designed with two components — an eastern corridor connecting India to the Gulf region, and a northern corridor that will link the Gulf to Europe through a ship-rail transit network and road transport routes.
«Despite the ongoing geopolitical tensions, on which India's position has been made clear at the United Nations, we should focus on the long-term significance of projects such as IMEC,» said Kant.
