Page 8 - The Indian EYE 091523

BIG STORY SEPTEMBER 15, 2023 | The Indian Eye 8

the nations of the Global South. We having net zero transport infrastruc- ing global interconnections. process.”
have laid special emphasis on a de- ture...” Macron said. Italian PM Meloni thanked PM “Our intention is as well to make
mand-driven and transparent ap- European Commission Presi- Modi, US President Biden and oth- it real and to be sure that after this
proach”. dent Ursula von der Leyen on Sat- ers who made this possible and said commitment we have concrete re-
The infrastructure deal is expect- urday called the new economic corri- that this will scale up our economic sults and especially to have the first
ed to connect countries in the Middle dor “historic” and said that these are growth and opening enormous po- global green trade road meaning
East via a network of railways. The state-of-the-art connections for the tential for mutual benefits in the having net zero transport infrastruc-
network will also connect to India world of tomorrow, faster, shorter business sector. ture...” he added.
through shipping lanes from ports in and cleaner. “When we launched the Partner- Saudi Arabia and the United
the region. The EU President said, “More ship for Global Infrastructure and States on Friday signed a bilater-
White House Deputy National large-scale projects are seeing the Investment just over a year ago, we al memorandum of understand-
Security Advisor Jon Finer had earli- light. We are presenting two of committed to building better infra- ing (MoU) for establishing inter-
er said that “The deal will benefit low them today. First the India-Middle structure for better future in low and continental green transit corridors
and middle-income countries in the East-Europe economic corridor. middle-income nations. We commit- through the Kingdom to connect the
region, and enable a critical role for This is nothing but historic.” ted to cooperate with these nations continent of Asia with the continent
the Middle East in global commerce. Ursula von der Leyen while ad- with an equal...to create new oppor- of Europe.
We see this as having a high appeal to dressing the Partnership for Glob- tunities and prosperity,” she said. The project aims to facilitate
the countries involved, and also glob- al Infrastructure and Investment Noting the launch of new eco- the transit of renewable electricity
ally because it is transparent because (PGII) and India Middle East Eu- nomic corridor linking India, Middle and clean hydrogen via transmission
it is a high standard because it is not rope Economic Corridor event, high- East and Europe, she added, “Today cables and pipelines as well as con-
coercive”. lighted that it will be the most direct the launch of the new economic cor- structing rail linkages.
Delving more on the initiative, connection between India, the Ara- ridor between India and the Middle It is also intended to enhance
Finer noted it was not just a railway bian Gulf and Europe till date. “It East and Europe goes precisely in energy security, support efforts for
project but more of a shipping and will be the most direct connection this direction and is a milestone in the development of clean energy,
railway project. “It is not just the to date between India, the Arabian strengthening global interconnec- promote digital economy through
Railway project, it is a shipping and Gulf and Europe. These are state of tions. And that is why I want to thank digital connectivity and transmission
Railway project and it is important the art connections for the world of Prime Minister Modi, President of data via fiber cables, and promote
for people to understand how expan- tomorrow, faster, shorter, cleaner,” Biden, and all the others, Ursula von trade and transport of goods by rail
sive, ambitious and ground-breaking she added. der Leyan, and all the others who and through ports, as per a release
this will be” Finer added. Moreover, Italian Prime Minis- made it possible. This will scale up issued by Saudi Arabia’s Ministry of
Addressing the the Partnership ter Giorgia Meloni said on Saturday our economic growth, opening enor- Foreign Affairs.
for Global Infrastructure Investment that the new economic corridor be- mous potential for mutual benefits in Saudi Arabia welcomed the role
(PGII) and India-Middle East-Eu- tween India and the Middle East and the business sector. Obviously, Italy of the US in facilitating, and support-
rope Economic Corridor programme Europe is a milestone in strengthen- is ready to play decisive role in this ing the negotiations for the estab-
at Bharat Mandapam US President lishment, and implementation of the
Joe Biden said, “This is a real big green corridors transit protocol with
deal. I want to thank PM. One Earth, the relevant countries.
One Family, One Future that’s the Meanwhile, United States Secre-
focus of this G 20 Summit. And in tary of State Antony Blinken recent-
many ways, it’s also the focus of this ly began his Saudi Arabia visit with
partnership that we’re talking about a meeting with Saudi Arabian Crown
today. Building sustainable, resilient Prince Mohammed bin Salman.
infrastructure, making quality infra- The two held talks at the start of
structure investments and creating a a diplomatic mission focused on sta-
better future...” bilizing Saudi Arabia-US ties after
Speaking at the same forum, years of deepening disagreements on
Crown Prince of Saudi Arabia Mu- issues like human rights in Iran, re-
hammed Bin Salman said, “... We gional security and oil prices as well,
look forward to the integration of reported Al Jazeera.
the initiative and the Economic Cor- Blinken and Crown Prince Mo-
ridor project which is announced in hammed bin Salman committed
this meeting. I would like to thank to “advance stability, security, and
those who worked with us to reach prosperity across the Middle East
this founding step to establish this and beyond, including through a
important economic corridor...” comprehensive political agreement
French President Emmanuel to achieve peace, prosperity, and se-
Macron said, “… So now with the curity in Yemen,” US State Depart-
European Commission here, we ment spokesperson Matthew Miller
commit to invest alongside with you said in a statement.
on this road. And this is a very im- The Secretary expressed appre-
portant project from Asia through ciation for Saudi Arabia’s leadership
Middle East to Europe to offer big in hosting the D-ISIS Ministerial and
opportunities and connect people. stressed joint continued efforts to
“But our intention is as well to fight terrorism.
make it real and to be sure that after Prime Minister Narendra Modi meets with European Commission President Ursula von der Blinken also emphasized that
this commitment we have concrete Leyen and European Council President Charles Michel on the sidelines of the G20 Leaders’ US-Saudi Arabia bilateral ties
results and especially to have the Summit on Sunday (ANI) were strengthened by progress on
first global green trade road meaning human rights.

www.TheIndianEYE.com