On Friday night, after the customary group portrait at the exquisite Borgo Egnazia resort, the Communique was made public.
Prime Minister Narendra Modi attended the three-day G7 Summit when the G7 nations vowed to support major infrastructure projects such as the India-Middle East-Europe Economic Corridor (IMEC).
Leaders highlighted during the G7 Summit their commitment to an open, free Indo-Pacific region regulated by international law. Italian Prime Minister Giorgia Meloni, who served as the event’s host, invited Prime Minister Modi to attend the meeting.
To create transformative economic corridors for high-quality infrastructure and investment, we will continue to support specific G7 PGII (Partnership for Global Infrastructure and Investment) initiatives, flagship projects, and complementary initiatives.
These include strengthening our coordination and financing for the EU Global Gateway, the Great Green Wall Initiative, the Mattei Plan for Africa, the Lobito Corridor, the Luzon Corridor, and the India-Middle East-Europe Economic Corridor.
About IMEC- India-Middle East-Europe Economic Corridor
Source: The Hindu frontline
The IMEC, a project hailed as revolutionary, intends to build an extensive network of highways, railroads, and maritime lanes connecting Saudi Arabia, India, the US, and Europe.
The goal of this programme is to promote integration between Western nations, the Middle East, and Asia.
In addition, the IMEC is seen as an attempt by allies to increase their strategic clout, especially in reaction to China’s Belt and Road Initiative (BRI).
The Belt and Road Initiative (BRI) is a massive infrastructure project that links China with Southeast Asia, Central Asia, Russia, and Europe.
The IMEC framework was completed during talks that took place in Delhi, India, last year in conjunction with the G20 Summit.
