September 26, 2026 03:55 am (IST)

Make this your homepage

News

Trouble for Gyanesh Kumar? Plea filed in Supreme Court seeking prosecution of CEC | Air India pilot suspended after failing alcohol test before Zurich-Delhi flight, weeks after marijuana case | 'Don't be selective, boycott all elections': CJP's Abhijeet Dipke's blunt message to Opposition | 'Resign by tomorrow or face nationwide protest from October 2': CJP's Abhijeet Dipke's fresh warning to Gyanesh Kumar | 'Locked' iPhone 17 at centre of mystery surrounding IIT Bombay student's death | 'Rahul Gandhi is devoid of wisdom and knowledge': BJP hits back over 'vote theft' claim | ‘How does anti-incumbency disappear?’: Rahul Gandhi targets Modi, Shah in fresh ‘vote chori’ attack, demands Gyanesh Kumar’s resignation | Opposition readies fresh impeachment push against Gyanesh Kumar over SIR report | ‘Resign in 48 hours or face nationwide agitation’: CJP’s ultimatum to Gyanesh Kumar over SIR row | IIT Bombay student’s parents begin hunger strike, demand arrest of officials

IMEC

Photo courtesy: twitter.com/POTUS

'Game-changing investment': US Prez Joe Biden hails India-Middle East-Europe Economic Corridor

India Blooms News Service | @indiablooms | Sep 11, 2023, at 01:34 am

New Delhi: US President Joe Biden has hailed the India-Middle East-Europe Economic Corridor (IMEC) launched on Saturday as a 'game-changing investment' for the US.

Emphasising the significance of the India-Middle East-Europe Economic Corridor (IMEC), he underscored the US's commitment to investing in the new rail line from Angola towards the Indian Ocean.

Biden said IMEC is a critical step to increase employment generation and boost food security globally.

He forecast the term 'economic corridor' to gain prominence in the forthcoming decade.

I'm proud to announce that the U.S., India, Saudi Arabia, UAE, France, Germany, Italy and EU finalized a historic agreement for a new India-Middle East-Europe Economic Corridor.

This project is about more than just laying tracks.
This is a game-changing regional investment. pic.twitter.com/JPbwFYcUeQ
— President Biden (@POTUS) September 9, 2023

Prime Minister Narendra Modi on Saturday announced the India-Middle East-Europe Economic Corridor (IMEC) with India, the UAE, Saudi Arabia, the European Union, France, Italy, Germany and the US as its members.

The corridor will provide a new direction to connectivity and sustainable development of the entire world, said PM Modi

In his remarks, the Prime Minister highlighted the importance of physical, digital, and financial connectivity. He said that IMEC would help promote economic integration between India and Europe.

“Today we all have reached an important and historic partnership. In the coming times, it will be a major medium of economic integration between India, West Asia and Europe,” he said. The corridor will give a new direction to connectivity and sustainable development of entire world, said PM Modi

Promoting infrastructure development and greater connectivity.

PM @narendramodi and @POTUS @JoeBiden chaired a special event on Partnership for Global Infrastructure and Investment & India-Middle East-Europe Economic Corridor, on the sidelines of the G20 Summit.

The event… pic.twitter.com/senGrHk6Ul
— Arindam Bagchi (@MEAIndia) September 9, 2023

The rail and shipping corridor is part of the Partnership for Global Infrastructure Investment (PGII) — an initiative of the G7 nations to fund infrastructure projects in developing nations.

#IMEC #G20 #G20Summit #PMModi #JoeBiden #India #MiddleEast #Europe

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.