New Delhi G20 Summit 2023 latest news: The massive project aims to establish an alternate supply chain in a completely evolved post-pandemic world order.
New Delhi G20 Summit 2023 latest news: India, United States, Saudi Arabia, the UAE and the EU and other G20 partners are set to announce a new shipping and rail transportation corridor on the sidelines of the ongoing G20 Summit in New Delhi. The massive project aims to establish a new supply chain in the post-pandemic world order. The corridor will link countries across the Middle East, South Asia and Europe.
The project aims at aiding in the flow of commerce, energy and data from India across the Middle East up to Europe. Countries are expected to announce a Memorandum of Understanding (MoU) at a meeting focused on global infrastructure on the sidelines of the ongoing G20 Summit at Delhi’s Bharat Mandapam venue, White House Deputy National Security Advisor Jon Finer said.
It will be an alternate supply chain in a completely evolved post-pandemic world order. Meanwhile, US President Joe Biden and Prime Minister Narendra Modi will meet with other leaders for an event focused on global infrastructure later at the G20 Event.
“The deal will benefit low and middle-income countries in the region, and enable a critical role for the Middle East in global commerce. We see this as having a high appeal to the countries involved, and also globally, because it is transparent because it is a high standard because it is not coercive.” The project has been termed as an “affirmative positive” aimed at serving the underserved.
The corridor is expected to connect countries in the Middle East via a network of railways. The network will also be connected to India through shipping lanes from ports in the region.
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