Key Points
Then there is a rail segment that will continue the IMEC and provide connection to the Saudi Arabian cities of Haradh and Al Haditha, onward to the port of Haifa in Israel.. Finance Minister Nirmala Sitharaman on Monday said that Prime Minister Narendra Modi will come back to power in 2024 with a "good majority" and global investors need not be "jittery"..
But here I am and also there are several people who are observing the Indian economy, observing the political environment, observing the ground level realities and the situation as it prevails today, Prime Minister Modi is coming back and coming back with a good majority," she emphasised...
Asked about the impact of the ongoing conflict in Israel and Gaza on India-Middle East-Europe Connectivity Corridor (IMEC), she said, it is a long-term project and it is not going to be dependent on one or the other major event...
The corridor is expected to create a reliable and cost-effective cross-border, ship-to-rail transit network to supplement existing maritime and road transport, and facilitate trade and connectivity, leading to the economic integration of South Asia, West Asia, Europe, and the Middle East...
The IMEC will connect Indian ports such as the Jawaharlal Nehru Port Authority, Mundra (Gujarat), and Kandla (Gujarat), with West Asian ones such as Fujairah, Jebel Ali, and Abu Dhabi in the UAE, and Saudi Arabian ports of Dammam, Ras Al Khair, and Ghuwaifat...
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