With respect to the India- Middle East Europe Economic Corridor which came into being at the g20 Summit in New Delhi on Saturday, US President Joe Biden has said that it is a “game –Changing” regional investment.
Biden said that this project is about more than just laying tracks.
“I am proud to announce that the U.S., India, Saudi Arabia, UAE, France , Germany , Italy, and EU finaliised a historic agreement for a new India-Middle East – Europe Economic corridor” the US president posted on X.
“This project is about more than just laying tracks. This is a game-changing investment” he added.
Prime Minister Narender Modi made the announcement for the ambitious project on the sidelines of the G 20 Summit and was flanked by US President Joe Biden; Saudi Arabia Prime Minister Mohammed Bid Salman and leaders of the EU.
This is a historic and first –of its kind initiative on cooperation on connectivity and infrastructure involving 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 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.
“ we believe connectivity between countries increases not only business but trust between them. By promoting connectivity initiative, we need to ensure we stick to philosophies, that is adhesion to international rules, respect for all nation’s sovereignty and regional integrity”, PM Modi said(ANI)
Speaking at the Bharat Mandapam 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 leaders who were part of the connectivity corridor.
“ Strong connectivity and infrastructure are the foundation of the development of human civilization. India has given this issue utmost priority during its course of development. Along with physical infrastructure, unprecedented investments are being made in social, economic and financial infrastructure as well’ PM Modi said.
The Prime Minister further stressed respecting sovereignty and regional intergrity and stated that connectivity between different countrie not only increases business but also trust between them.
“We believe connectivity between different country increases not only business but trust between them. By promoting connectivity initiatives, we need to ensure we stick to a philosophy, which is adhesion to international rules, respect for all nations’ sovereignty and regional integrity.” PM Modi said (ANI)
