UNION Minister of Commerce and Industry, Piyush Goyal, addressed the India-Middle East-Europe Economic Corridor (IMEC) High-Level Roundtable on Connectivity and Economic Growth in New Delhi on Wednesday, the Ministry of Commerce and Industry said in a release on Wednesday.
During the event, Goyal said that the IMEC is a powerful endorsement of the leadership and partnership of India, Middle East and East Europe a very forward and visionary concept that has caught the fancy of the world.
As per the statement, the Minister stated that IMEC is not merely a trade route, but a modern-day Silk Route — a partnership of equals — that fosters synergy, connectivity, and inclusive prosperity. “It will bring down logistics costs by up to 30 per cent, reduce transport time by 40 per cent, and create seamless trade linkages across continents,” he said.
He added, “We will not only be linking trade; we will be linking civilisations and cultures — from Southeast Asia to the Gulf, from the Middle East to Central Europe.”
Highlighting its potential reach, Goyal added that IMEC could even enhance connectivity to Africa through the Middle East. — ANI
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