+
Ahead of G7 Summit, India, EU to partner on global infra projects
ROADS & HIGHWAYS

Ahead of G7 Summit, India, EU to partner on global infra projects

The European Union (EU) and India are planning to agree to partner each other in international infrastructure development. This "connectivity" partnership will develop projects across the world in an attempt to compete with China's Belt and Road Initiative (BRI).

India and the EU are likely to announce the initiative in a virtual summit on May 8. The two entities will take up the initiative as an alternative to China's BRI across Europe, Asia and Africa. The terms of the deal are yet to be finalised.

The plan may feature in the upcoming G7 summit to be hosted by the UK. India has been invited to participate in that summit. The G7 members are the US, UK, Japan, France, Germany, Italy and Canada. At each G7 summit, a few other countries may be invited to participate. This year, apart from India, Australia and South Korea get to attend.

Diplomats told the media that the India-EU partnership would revolve around joint projects in their own regions, initiatives in third countries and setting standards in segments such as the rule of law benchmark and financial stability. Another focus will be to improve cooperation in innovation and research.

The EU has previously highlighted plans to deploy major funds to attract investments of multiple times the value to develop ties between Asia and Europe. India has also committed to significant financing for international projects. China's BRI includes international projects involving railways, bridges, roads and ports.

Over 150 states and international organisations have endorsed China's initiative. However, as a report in the Financial Times points out, the BRI also faces criticism over activities such as environmental standards, the takeover of projects in debt-laden countries, and the penalties charged on these countries for payment failures.

In July 2020, India and the EU had agreed to explore their own initiatives to attain cooperation on connectivity with other countries, including the Indo-Pacific region.

Image Source


Also read: India inaugurates several development projects in Seychelles

Also read: India signs up to boost infra projects in Maldives

The European Union (EU) and India are planning to agree to partner each other in international infrastructure development. This connectivity partnership will develop projects across the world in an attempt to compete with China's Belt and Road Initiative (BRI). India and the EU are likely to announce the initiative in a virtual summit on May 8. The two entities will take up the initiative as an alternative to China's BRI across Europe, Asia and Africa. The terms of the deal are yet to be finalised. The plan may feature in the upcoming G7 summit to be hosted by the UK. India has been invited to participate in that summit. The G7 members are the US, UK, Japan, France, Germany, Italy and Canada. At each G7 summit, a few other countries may be invited to participate. This year, apart from India, Australia and South Korea get to attend. Diplomats told the media that the India-EU partnership would revolve around joint projects in their own regions, initiatives in third countries and setting standards in segments such as the rule of law benchmark and financial stability. Another focus will be to improve cooperation in innovation and research. The EU has previously highlighted plans to deploy major funds to attract investments of multiple times the value to develop ties between Asia and Europe. India has also committed to significant financing for international projects. China's BRI includes international projects involving railways, bridges, roads and ports. Over 150 states and international organisations have endorsed China's initiative. However, as a report in the Financial Times points out, the BRI also faces criticism over activities such as environmental standards, the takeover of projects in debt-laden countries, and the penalties charged on these countries for payment failures. In July 2020, India and the EU had agreed to explore their own initiatives to attain cooperation on connectivity with other countries, including the Indo-Pacific region. Image Source Also read: India inaugurates several development projects in Seychelles Also read: India signs up to boost infra projects in Maldives

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?