PM Modi announces rail, port connectivity deal with US, UAE, Saudi Arabia at G20 Summit
shipping and rail transportation corridor linking countries across the Middle East, South Asia and Europe on the sidelines of the ongoing G20 Summit in New Delhi.
«Strong connectivity and infrastructure is the base of development of humanity. India has prioritised on this in its developmental journey,» said PM Modi while addressing the Partnership for Global Infrastructure Investment (PGII) conference with G20 leaders.
The United States, India, Saudi Arabia, the United Arab Emirates, the European Union and other G20 partners were set to explore the shipping and rail transportation corridor, which is aimed at aiding in the flow of commerce, energy and data from India across the Middle East up to Europe.
The leaders are meeting to discuss the global economy and supply chain challenges, among other issues facing the global community.
This agreement after it is inked could be seen as an alternate supply chain in a completely evolved post-pandemic world order.
Finer added that President Biden and Prime Minister Modi will meet with other leaders for an event focused on global infrastructure later today.
“The deal will benefit low and middle-income countries in the region, and enable a critical role for the Middle East in global commerce.
