The recent G7 Summit in Italy, which was also attended by Prime Minister Narendra Modi, has concluded with a commitment to promote the India-Middle East-Europe Economic Corridor (IMEC) and other infrastructure initiatives.
In a communique issued on June 14, the leaders reiterated their support for a “free and open Indo-Pacific” based on the rule of law.
“We will further promote concrete G7 PGII (Partnership for Global Infrastructure and Investment) initiatives, flagship projects, and complementary initiatives to develop transformative economic corridors for quality infrastructure and investment, such as the deepening of our coordination and financing for the Lobito Corridor, the Luzon Corridor, the Middle Corridor, and the India-Middle East-Europe Economic Corridor, also building on the EU Global Gateway, the Great Green Wall Initiative, and the Mattei Plan for Africa launched by Italy,” reads the communique.
India has already begun work on the IMEC, which was announced on the sidelines of the G20 Leaders Summit in Delhi last year.
