Making first-of-its-kind, India, the United States, Saudi Arabia and the European Union on Saturday announced a historic agreement to soon launch a mega India-Middle East-Europe shipping and railway connectivity corridor.
Calling it a real big deal between India-Middle East-Europe shipping and railway connectivity, US President Joe Biden expressed that the partner countries will address infrastructure gaps across low-middle-income countries to maximize investments in economic corridors in the next decade.
US President said while addressing the Partnership for Global Infrastructure and Investment (PGII) and India Middle East Europe Economic Corridor event said, “This is a real big deal. I want to thank PM. One Earth, One Family, One Future that’s the focus of this G20 Summit. And in many ways, it’s also the focus of this partnership that we’re talking about today.”
He further added, “Building sustainable, resilient infrastructure, making quality infrastructure investments and creating a better future… Last year, we came together as one to commit to this vision. And this afternoon I want to highlight the key ways in which the United States and our partners are working to make this a reality.”
The announcement for the ambitious project on the sidelines of G20 was made by Prime Minister Narendra Modi during session of G20 Summit and was flanked by US President Biden, Saudi Arabia Prime Minister Mohammed bin Salman and leaders of the EU.
Meanwhile, PM Narendra Modi after the announcement of the corridor said, “I cordially welcome you all at this event. I am very happy to co-chair this event with my friend President Joe Biden. Today we all have seen the conclusion of a historic and important agreement. In the coming days, it will be an effective medium of economic integration between India, South Asia, and Europe”.
Notably, the corridor in the future will benefit India, UAE, Saudi Arabia, EU, France, Italy, Germany and the USA.
Copyright © 2025 Top Indian News
