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BIG STORY SEPTEMBER 15, 2023 | The Indian Eye 6

G20 IN INDIA

THE REAL BIG DEAL:

An energy and shipping corridor

from Europe to India via Middle East

OUR BUREAU

New Delhi
ndia, the United States, Saudi
Arabia and the European Union
Ion Saturday announced a histor-
ic agreement to soon launch a mega
India-Middle East-Europe shipping
and railway connectivity corridor.
Prime Minister Narendra Modi
made the announcement for the am-
bitious project on the sidelines of the
G20 Summit and was flanked by US
President US Biden, Saudi Arabia
Prime Minister Mohammed bin Sal-
man and leaders of the EU.
This is a historic and first-of-
its-kind initiative on cooperation on
connectivity and infrastructure in-
volving India, UAE, Saudi Arabia,
EU, France, Italy, Germany and the
US. Speaking after the launch, PM
Modi said, “I cordially welcome you
all at this event. I am very happy to co-
chair this event with my friend Pres-
ident 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”.
Speaking at the Bharat Man-
dapam venue of the G20 Summit
here, PM Modi said the mega-deal
will give a sustainable direction to
connectivity and sustainability across
the world.
He also congratulated all the Prime Minister Narendra Modi shares a light moment with the United States President Joe Biden and Saudi Arabia Prime Minister and Crown
leaders who were part of the connec- Prince Mohammed bin Salman bin Abdulaziz Al Saud during a meeting on the margins of the G20 Leaders’ Summit on Saturday (ANI)
tivity corridor.
“Strong connectivity and infra-
structure are the foundation of the ment. Along with physical infrastruc- Modi said. India has set up infrastructure proj-
development of human civilization. ture, unprecedented investments are He added, “Through this, we are ects in the field of railways, energy,
India has given this issue utmost being made in social, economic and laying a strong foundation for a de- and technology partnerships, among
priority during its course of develop- financial infrastructure as well,” PM veloped India. As a reliable partner, Continued on next page... >>

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