India-Middle East-Europe Economic Corridor Latest News : This is the first time since the start of the Israel-Hamas war that concern has been expressed at the top level of the government about the future of this corridor.
India-Middle East-Europe Economic Corridor Latest News : The war between Israel and Hamas may impact the India-Middle East-Europe Economic Corridor, which was announced during the G-20 meeting in September 2023.
Finance Minister Nirmala Sitharaman herself has expressed this concern. The Finance Minister said that due to the current tension, the India-Middle East-Europe Economic Corridor, which was announced during the G-20 meeting, is facing global political challenges. .
Addressing the Indo-Pacific Regional Dialogue 2023, the Finance Minister said that the India-Middle East-Europe Economic Corridor is in the interest of all countries. This will increase efficiency in transportation, reduce logistics costs, increase economic integration, create employment opportunities and reduce greenhouse gas emissions, thereby contributing to a cleaner, safer, better world.
She said that it also faces geopolitical challenges and the ongoing conflict in Israel and Gaza is a worrying situation.
The war between Israel and Hamas started on 7 October 2023. Palestine’s Islamic organization Hamas continues to attack Israel and then Israel’s retaliatory action. Since then, it is feared that the war between Israel and Hamas may have an impact on the India-Middle East-Europe Economic Corridor. Under this corridor, a railway line is to be laid from the Gulf countries to Europe.
To crack down on China, during the G20 Summit in the presence of US President Joe Biden, Indian Prime Minister Narendra Modi and the heads of state of Saudi Arabia and the United Arab Emirates, under the Joint Infrastructure Deal, shipping from India and rail network to the Gulf countries with Europe.
It was announced to connect through. This corridor will be connected through shipping lines with India and rail networks from Gulf countries to Europe. Connectivity with India, Middle East and Europe is very important and it will not only bring economic benefits for all the countries but it also has strategic significance. But this corridor is under the shadow of the ongoing war between Israel and Hamas.