October 23, 2026 02:39 am (IST)

Make this your homepage

News

Tiger Shroff, not Salman Khan, was the main target, probe reveals shocking details | Dammam airport attack: Indian killed, two compatriots injured as Saudi Arabia faces fresh strikes | ‘Among others’: Macron takes swipe at Trump over France unrest, calls foreign leaders’ remarks ‘stupid’ | ‘Specific threat-related inputs’: Delhi Police blocks Diljit Dosanjh’s Delhi concert | ‘Barbaad kare alfaz mere’: Ranbir Kapoor apologises for Dussehra gaffe in Kolkata | Delhi court releases CJP's Saurav Das and Ashutosh Ranka after 7 days in custody | ‘We are seeing what is happening outside our country’: Delhi HC judge’s remark as CJP leaders Saurav Das and Ashutosh Ranka withdraw custody plea | Salman Khan was the original target? Tiger Shroff firing probe reveals shocking twist | ‘UN experts are an oxymoron’: Marco Rubio takes swipe at UN, refuses to comment on India's protests | ‘US ties with no country come at India's expense’: Marco Rubio addresses concerns over Pakistan, China

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.