India, Greece discuss Operationalisation of IMEC corridor; collaboration in shipbuilding

Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal, had a bilateral gathering with his Greek counterpart Christos Stylianides connected Monday wherein they discussed the operationalisation of the ambitious India-Middle East-Europe Economic Corridor.

During the meeting, Sonowal besides invited Greek shipping companies to play a important relation successful its shipbuilding industry. The gathering was held connected the sidelines of ORF's Sagarmanthan, the Great Oceans Dialogue.

The treatment touched connected the IMEC, which was agreed upon during the G20 acme past year.

Talking to reporters pursuing the meeting, Sonowal said: "We had a treatment connected IMEC. The IMEC corridor was decided during the G20 gathering past year. We volition instrumentality each the steps required to operationalize [it]."

The India-Middle East-Europe Economic Corridor (IMEC) is simply a caller commercialized way connecting India, the Middle East, and Europe. Announced successful 2023, it aims to amended trade, transport, and connection betwixt these regions done a web of railways and oversea routes. The task is designed to marque commercialized faster and much efficient, boosting economical ties and reducing reliance connected longer routes.

Praising Greece's planetary stature successful the shipping industry, Sonowal expressed India's involvement successful fostering Greek investments.

" We person welcomed Greek curate present astatine Sagarmanthan. We are gathering connected the docket acceptable up by Prime Minister Narendra Modi and his counterpart during their bilateral meeting," Sonowal noted.

"In the shipping sector, Greece has a leadership. We privation Greece companies to run successful India and play an important relation successful the shipbuilding sector," helium stated.

Stylianides besides shared a affirmative outlook connected the meeting, emphasizing their shared goals amidst planetary geopolitical shifts and the value of applicable initiatives that payment some nations.

He remarked, "After the fantabulous meetings betwixt our ministers and our Prime Ministers, we recovered applicable initiatives and decided to collaborate, particularly successful shipping and maritime affairs."

Earlier this twelvemonth successful February, Prime Minister Narendra Modi met the Prime Minister of Greece Kyriakos MitsotakisDuring his sojourn to India, Mitsotakis asserted that contempt the Israeli warfare successful Gaza "destabilising" plans for the India-Middle East Economic Corridor (IMEC), India and Greece should persevere with the "peace project".

"The warfare successful Gaza and turmoil successful the Middle East is undoubtably destabilising but it does not undermine the almighty logic down IMEC. Nor should it weaken our resoluteness to enactment towards realising it," Mitsotakis had told a gathering of planetary delegates astatine the league organised by the Ministry of External Affairs and the Observer Research Foundation (ORF).