+
How the India-Middle-East-Europe Corridor rivals BRI
ROADS & HIGHWAYS

How the India-Middle-East-Europe Corridor rivals BRI

India's Railway Minister, Ashwini Vaishnaw, shared insights on the proposed India-Middle-East-Europe Corridor in an exclusive interview with NDTV. Unlike China's Belt and Road Initiative (BRI), which has raised concerns about debt traps, Vaishnaw emphasised that this G20 project would generate revenue and prove financially viable. He stressed that the corridor aligns with Prime Minister Narendra Modi's vision of inclusivity, "sabka saath sabka vikas."

The India-Middle-East-Europe Corridor, often regarded as a response to the BRI, has garnered interest as a potential new Spice Route with US backing. However, some European nations remain sceptical. Italy, the only G7 nation to sign up initially, is reportedly reconsidering its participation due to concerns about debt-related challenges faced by host countries.

Vaishnaw pointed out that the G20 project offers more flexibility, allowing each participating country to tailor its involvement according to its specific needs. He expressed confidence in the corridor's financial viability, with multiple multilateral institutions showing interest in funding it. Vaishnaw suggested that the project's transportation component would generate substantial revenue, ensuring that host countries avoid falling into a debt trap.

This ambitious project, announced during the G20 summit, aims to connect railways, ports, electricity networks, data infrastructure, and hydrogen pipelines. By linking railway and port facilities across the Middle East, including countries like the United Arab Emirates, Saudi Arabia, Jordan, and Israel, the corridor could potentially expedite trade between India and Europe by up to 40 per cent while bypassing the Suez Canal.

India's Railway Minister, Ashwini Vaishnaw, shared insights on the proposed India-Middle-East-Europe Corridor in an exclusive interview with NDTV. Unlike China's Belt and Road Initiative (BRI), which has raised concerns about debt traps, Vaishnaw emphasised that this G20 project would generate revenue and prove financially viable. He stressed that the corridor aligns with Prime Minister Narendra Modi's vision of inclusivity, sabka saath sabka vikas.The India-Middle-East-Europe Corridor, often regarded as a response to the BRI, has garnered interest as a potential new Spice Route with US backing. However, some European nations remain sceptical. Italy, the only G7 nation to sign up initially, is reportedly reconsidering its participation due to concerns about debt-related challenges faced by host countries.Vaishnaw pointed out that the G20 project offers more flexibility, allowing each participating country to tailor its involvement according to its specific needs. He expressed confidence in the corridor's financial viability, with multiple multilateral institutions showing interest in funding it. Vaishnaw suggested that the project's transportation component would generate substantial revenue, ensuring that host countries avoid falling into a debt trap.This ambitious project, announced during the G20 summit, aims to connect railways, ports, electricity networks, data infrastructure, and hydrogen pipelines. By linking railway and port facilities across the Middle East, including countries like the United Arab Emirates, Saudi Arabia, Jordan, and Israel, the corridor could potentially expedite trade between India and Europe by up to 40 per cent while bypassing the Suez Canal.

Next Story
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?