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Let’s proceed with IMEC despite Gaza war, Greek PM tells India

Contact Counsellor

Let’s proceed with IMEC despite Gaza war, Greek PM tells India

  • India and Greece should persevere with the “peace project”, said the Greek Prime Minister in New Delhi.

Key Highlights

  • Greek prime minister said that Despite the Israeli war in Gaza “destabilising” plans for the India-Middle East Economic Corridor (IMEC)
  • “The war in Gaza and turmoil in the Middle East is undoubtedly destabilising but it does not undermine the powerful logic behind IMEC.
  • “Launched during India’s G-20 chairmanship, the IMEC corridor will contribute significantly to the development of humanity in the long run.
  • the founding members of the initiative, including India, European Union, France, Germany, Italy, Mauritius, the UAE and Saudi Arabia,
    • Have been unable to meet, as stipulated by the MoU for the past six months due to the conflict in Gaza.
  • Israel’s Haifa port, owned by India’s Adani Group, was expected to be a key trading point for the ship-and-rail route proposed under IMEC from India’s west coast,
    • Through the UAE and Saudi Arabia to Jordan and Israel, before reaching Greece’s Piraeus Port and on to the rest of Europe.

IMEC Corridor

  • The proposed IMEC will consist of Railroad, Ship-to-Rail networks and Road transport routes extending across two corridors, that is,
    • The East Corridor – connecting India to the Arabian Gulf,
    • The Northern Corridor – connecting the Gulf to Europe.
  • The IMEC corridor will also include an electricity cable, a hydrogen pipeline and a high-speed data cable.
  • India, the US, Saudi Arabia, UAE, the European Union, Italy, France, and Germany are signatories.

Ports to be Connected

  • India: Mundra (Gujarat), Kandla (Gujarat), and Jawaharlal Nehru Port Trust (Navi Mumbai).
  • Middle East: Fujairah, Jebel Ali, and Abu Dhabi in the UAE as well as Dammam and Ras Al Khair ports in Saudi Arabia.
  • Railway line will connect Fujairah port (UAE) to Haifa port (Israel) via: Saudi Arabia (Ghuwaifat and Haradh) and Jordan.
  • Israel: Haifa port.
  • Europe: Piraeus port in Greece, Messina in South Italy, and Marseille in France.

Prelims Takeaway

  • IMEC Corridor
  • Haifa port.

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