Girish Linganna
Following the General Election results in early-June, Prime Minister Narendra Modi, now in his third term, is focusing on launching the India-Middle East-Europe Economic Corridor (IMEC).
The IMEC is a project aimed at creating a smooth network of ports, railways, roads, sea routes and pipelines. This infrastructure plans to take advantage of current trade routes between India, the Arab Gulf, the Eastern Mediterranean region and Europe. It will also create new infrastructure to connect the Gulf and Mediterranean regions, where many Indians live. The Mediterranean Sea borders Europe, Asia and Africa. It is a crucial route for maritime trade and has many important ports and coastal cities.
The project is the culmination of increasing diplomatic and political alignment between India, the Arab Gulf monarchies, Israel, the United States and the European Union. They all share a common goal of improving sea and land connections to boost economic exchanges between these regions. Economically, the IMEC supports the Arab Gulf monarchies’ efforts to enhance connections with India and Europe as they prepare for a future beyond oil.
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