The India-Gulf-Europe Economic Corridor: A Game-Changing Alternative to China’s Belt and Road Plan

2023-09-09 17:56:43

Delhi: The dream plan of G20 countries became a reality at the Delhi Summit. Prime Minister Narendra Modi today announced the India-Gulf-Europe Economic Corridor, a dream project of the G20 countries. The plan is an alternative to China’s One Belt Plan, which was announced at the G20 Summit. Prime Minister Narendra Modi and US President Joe Biden described the benefits of the India-Gulf-Europe Economic Corridor becoming a reality.

Modi said that connecting countries is the first priority of the corridor. Modi also explained that the economic corridor starting from India and extending to Europe is laying the foundation for the next generation. US President Joe Biden said that the goal is to open the way for new opportunities. Biden said that the infrastructure gap between the countries will be bridged and sustainable high-quality infrastructure will be built. Biden described working with America’s partners to invest in the economic corridor.

French President Emmanuel Macron has expressed his commitment to investment in the economic corridor. The German Chancellor also announced that he would work for the success of the corridor. The G20 summit started in Delhi with Narendra Modi’s proposal to resolve the distrust caused by the war. In his introductory speech to the summit, Modi suggested that mutual trust should be resolved collectively, just as the threat of Covid-19 had been overcome. The summit accepted India’s proposal to give membership to African Union in G20.

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