Gujarat's strategic hub status boosted by India-Middle East-Europe corridor

03 Oct 2023 CW Team

State officials have expressed optimism about the proposed India-Middle East-Europe Economic Corridor, highlighting its potential to boost Gujarat's status as an investment hub. According to Rahul Gupta, Chairman and Managing Director of Gujarat Industrial Investment Corporation, Gujarat's extensive 1,600-km coastline and numerous ports make it a key gateway to the Middle East, Africa, Eastern Europe, and Central Asia. The ambitious corridor project, recently announced during the G20 Summit, is set to enhance Gujarat's strategic position further. The corridor will comprise two segments: the East Corridor linking India to West Asia and the Middle East, and the Northern Corridor connecting West Asia and the Middle East to Europe. It will feature a rail line, offering a reliable and cost-effective cross-border ship-to-rail transit network, augmenting existing transport routes and facilitating the transhipment of goods and services from South East Asia to West Asia and Middle East Europe.

Prime Minister Narendra Modi lauded the corridor, envisioning it as the foundation of global trade for centuries. To support the state's growth, the Gujarat government has announced the 10th edition of the Vibrant Gujarat Summit in January 2024, a biennial event aimed at promoting economic activities, technological advancements, and new investments. Despite challenges such as the Covid-19 pandemic, state departments have persistently worked towards economic growth and technological advancements, ensuring Gujarat's continuous progress.

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

EUROBOND Expands NABL Accreditation to 51 Testing Parameters

EUROBOND, the flagship brand of Euro Panel Products, has expanded the National Accreditation Board for Testing and Calibration Laboratories (NABL) accreditation of its in-house laboratory from 16 to 51 mechanical and chemical testing parameters, making it the only Indian aluminium composite panel (ACP) manufacturer with accreditation covering such an extensive testing scope.The expanded accreditation enables the company to independently test coils, coatings, cores, aluminium composite panels (ACP) and metal composite panels (MCP) in accordance with international standards, including IS, ASTM, ..