17-May-2024 07:24 PM
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New Delhi, May 17 (Reporter) External Affairs Minister S Jaishankar said today that the India-Middle East-Europe Economic Corridor (IMEC) project is very much on despite the turbulence in the Middle Eastern region caused by the ongoing Gaza conflict and all the partner countries are talking to each other and are determined to go ahead.
Answering questions during a CII event here, the EAM said that the member countries of IMEC, that was announced during the G20 Summit in India last year, are “dead serious” about going ahead with it.
He said that despite the October 7 Hamas terrorist attack in Israel and the ongoing Gaza conflict, “but this I assure you, each one of the IMEC countries, we have all been talking to each other. We are all very determined to go ahead."
"So to the extent there are building blocks which can go ahead, I don’t think we are going to wait out. It’s not like everything has to fall in place for something to start. I think wherever we can get moving we will get moving; and in some cases we have got moving.”
At the G20 Summit in September last year, India, Saudi Arabia, the European Union, the United Arab Emirates (UAE), France, Germany, Italy, and the United States signed a Memorandum of Understanding, committing to work together to advance the IMEC project.
The EAM continued: “So we are very, very determined that this new corridor, which in our view, one of course it has logistical implications, but we think beyond that it has other implications; we see a lot of energy production possibilities there, we see a lot of new manufacturing coming up out there. This corridor will be very important in an era of green hydrogen and green ammonia as well. So do take it from me that we are dead serious about it, and we think are our partners.”
The IMEC is a proposed connectivity corridor and economic integration between Asia, the Arabian Gulf, and Europe.
The IMEC comprises of two separate corridors, the east corridor connecting India to the Arabian Gulf and the northern corridor connecting the Arabian Gulf to Europe. The transport corridor comprises railways connectivity, digital connectivity, and an energy corridor within the IMEC...////...