India, the United States, Saudi Arabia and the European Union on Saturday announced a historic agreement to soon launch a mega India-Middle EastEurope shipping and railway connectivity corridor.
Prime Minister Narendra Modi made the announcement for the ambitious project on the sidelines of the G20 Summit and was flanked by US President US Biden, Saudi Arabia Prime Minister Mohammed bin Salman and leaders of the EU.
This is a historic and firstof-its-kind initiative on cooperation on connectivity and infrastructure involving India, UAE, Saudi Arabia, EU, France, Italy, Germany and the US.
Speaking after the launch, PM Modi said, “I cordially welcome you all at this event. I am very happy to co-chair this event with my friend President Joe Biden. Today we all have seen the conclusion of a historic and important agreement. In the coming days, it will be an effective medium of economic integration between India, South Asia, and Europe”. Speaking at the Bharat Mandapam venue of the G20 Summit here, PM Modi said the megadeal will give a sustainable direction to connectivity and sustainability across the world.
He also congratulated all the leaders who were part of the connectivity corridor.
“Strong connectivity and infrastructure are the foundation of the development of human civilisation. India has given this issue utmost priority during its course of development. Along with physical infrastructure, unprecedented investments are being made in social, economic and financial infrastructure as well,” PM Modi said.
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