Businesses from both sides explored potential cooperation in defence production, maritime and manufacturing, among others.
Ancient synergies have marked the traditional relationship between India and countries on the Mediterranean rim. The Mediterranean is a historically significant region that has facilitated land and maritime trade between the East and West for millenniums. A diverse region spread across the three continents of Europe, Asia and Africa, the 28 countries stand at different levels of economic development.
Together, they comprise a critical group facilitating approximately 25 percent of global maritime trade. The sea economies have a collective GDP of approximately $10.5 trillion. India's total trade with the region was about $76.2 billion in 2023-24 across three major sub-regions of Mediterranean Europe, West Asia and North Africa.
Similarly, India has also played a crucial role in facilitating global trade with its central location in the Indo-Pacific. As India becomes a $5 trillion economy in the coming years and a leading global growth engine, it seeks to build new relationships in the world. It is in this context that India emerges as a crucial partner and friend of the Mediterranean nations. A continuation of India and the Mediterranean's historic bilateral trade ties would be a fruitful partnership for both regions. This is set to emerge as a multidimensional cooperation agenda, embracing various sectors.
To begin with, one key initiative to facilitate the partnership is the India-Middle East-Europe Economic Corridor (IMEC).
Denne historien er fra September 26, 2024-utgaven av The New Indian Express.
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Denne historien er fra September 26, 2024-utgaven av The New Indian Express.
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Crawford Wins Singles Championship
OLIVER Crawford from Great Britain and 23-year-old Eric Vanshelboim of Ukraine treated the 300-plus spectators who turned up at the SDAT Tennis Stadium to two hours and forty-three minutes of exhilarating tennis in the final of the BR Adityan ITF M25 Men's International Tennis Championships.
David Krumholtz, Emily Beecham Join Supergirl
Emily Beecham, who was last seen in the Netflix series 1899 and Oppenheimer-fame David Krumholtz, have joined the cast of Supergirl: Woman of Tomorrow. They will portray Supergirl's parents.
SPECULATIVE FICTION'S BIG, BOLD STATEMENT
On a crisp January evening, the free community library at Masoodpur in South Extension transformed into a portal of another dimension. Writers, students, artists, and curious young minds gathered to witness the launch of The Blaft Book of Anti-Caste Speculative Fiction.
IIT-M director praises 'gomutra', gets a stinker
IIT Madras director V Kamakoti is facing severe flak for endorsing 'gomutra' (cow urine) for its \"medicinal value\" and its alleged ability to cure conditions like irritable bowel syndrome and fever.
INDIAN OPTIMISM AWAITING A TRUMPIAN ORDER
We are dealing with a superpower seeking to reconcile multiple interests in a challenging global environment. Convergence of interests does not translate to a congruence of actions
Suspected Hooch Claims Six Lives in 'Dry' Bihar
At least six people died allegedly after consuming spurious liquor in Bihar's West Champaran district during 36 hours on Sunday.
Rain sinks 50K ha of samba in coastal delta
FARMERS in the coastal delta region are worried as sudden, unseasonal rainfall in Nagapattinam and Mayiladuthurai districts and Puducherry's Karaikal in the past two days has left their harvest-ready samba paddy under water.
'It Is rare to see genuine criticism for a film these days'
Director Vishnu Varadhan and debut actor Akash Murali talk about Nesippaya, nepotism, their definition of romance, and more
AIR to help mitigate man-animal conflicts in MP
COUNTRY'S public radio broadcaster, the All India Radio (AIR-Akashvani) has a new role to play in Madhya Pradesh - alerting people about movement of wild animals, including elephants, tigers and leopards to prevent human-animal conflicts and related casualties.
Gunfight breaks out in Baramulla, first this year
A gunfight between security forces and terrorists broke out on Sunday in Sopore area of Jammu and Kashmir's Baramulla district, the first encounter this year.
