India at 3 percent of global manufacturing compared to China’s 30 percent, says MEA Secretary, Economic Relations. 'Corridor will be essential for trade & supply chains after scale-up'.
In a world where global supply chains are being restructured as geopolitical uncertainties reshape trade routes, India must rethink its access points into Europe.
US-India Joint Statement validates MoU for the India-Middle East-Europe Economic Corridor. It will be taken forward, albeit under a challenging geopolitical scenario in the Middle East.
George Gerapetritis was speaking at a session on the Greece-India partnership at ORF, where he focused on expanding bilateral relations & importance of IMEC.
Indonesian envoy Ina Krisnamurthi says hoping for 'more concrete steps' on Modi's 12-point plan for ASEAN-India ties. Indian PM will be in Laos on 10-11 Oct for ASEAN-India summit.
The minister said that various initiatives including PLI scheme, Ease of Doing Business (EoDB) through FTAs and economic partnerships have boosted India's manufacturing growth story.
India, via IMEC, looks to create new route to Europe to access gas in Eastern Mediterranean & provide Southeast Asian countries an alternative partner to China to access Atlantic Ocean.
Greek PM Kyriakos Mitsotakis will be on a two-day state visit to India starting Wednesday. He will be accompanied by senior officials and a high-level business delegation.
Partners in India-Middle East-Europe Economic Corridor will need to provide guarantees and de-risk investments, given that private investors have become risk-averse in the wake of pandemic-induced disruptions.
DMK govt accuses Centre of withholding funds, tightening borrowing, unilateral deductions from state accounts. Says Centre's accounting & funding decisions have 'artificially inflated' debt burden.
This is the game every nation is now learning to play. Some are finding new allies or seeing value among nations where they’d seen marginal interest. The starkest example is India & Europe.
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