2023-09-09 14:33:00
India, UAE, Saudi Arabia, European Union, France, Italy, Germany and America are part of this initiative.
New Delhi: Prime Minister Narendra Modi announced India-Middle East-Europe Joint Economic Corridor. Today we have all reached an important and historic partnership. He said that in the coming times, it will become a major corridor of economic integration between India, West Asia and Europe.
The prime minister added that the corridor will give a new direction to the sustainable development of the world. India, UAE, Saudi Arabia, European Union, France, Italy, Germany and America are participating in this initiative.
US President Joe Biden described the economic corridor as a big deal. He said that the phrase “financial corridor” is going to be heard more often in the coming decade.
“This is a big deal. I would like to thank the Prime Minister. One Earth, One Family, One Future is the focus of this G20 Summit. In many ways, that’s also the focus of this partnership we’re talking regarding today. “Build sustainable and resilient infrastructure, make quality infrastructure investments, and create a better future,” Biden said.
“Economic Corridor. You’re going to hear that phrase more than once over the next decade. As we work to address infrastructure gaps in low- and middle-income countries, we need to maximize our investments. “That’s why the United States announced a few months ago that it would work with partners to invest in economic corridors,” he said.
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