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With respect to the India-Middle East-Europe Economic Corridor which came into being at the G20 Summit in New Delhi on Saturday, US President Joe Biden has said that it is a "game-changing" regional investment.
Biden said that this project is about more than just laying tracks. "I'm proud to announce that the U.S., India, Saudi Arabia, UAE, France, Germany, Italy and EU finalized a historic agreement for a new India-Middle East-Europe Economic Corridor," the US President posted on X. "This project is about more than just laying tracks. This is a game-changing regional investment," he added. The India-Middle East-Europe Economic Corridor, according to Prime Minister Narendra Modi, "promises to be a beacon of cooperation, innovation, and shared progress." The corridor, according to him, is evidence of human endeavour and unity across continents. Charting a journey of shared aspirations and dreams, theIndia-Middle East-Europe Economic Corridorpromises to be a beacon of cooperation, innovation and shared progress. As history unfolds, may this corridor be a testament to human endeavour and unity across continents,PM Modiwrote on X formerly Twitter on Saturday. India, theUnited States, Saudi Arabia and the European Union on Saturday announced a historic agreement to soon launch a mega India-Middle East-Europe shipping and railwayconnectivitycorridor. Prime Minister Narendra Modi made the announcement for the ambitious project on the sidelines of theG20Summit and was flanked by US President Joe Biden, Saudi Arabia Prime Minister Mohammed bin Salman and leaders of the EU. This is a historic and first-of-its-kind initiative on cooperation onconnectivityand infrastructure involving India, UAE, Saudi Arabia, EU, France, Italy, Germany and theUS. Speaking after the launch,PM Modisaid, 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 theG20Summit here,PM Modisaid the mega-deal will give a sustainable direction toconnectivityand sustainability across the world. He also congratulated all the leaders who were part of theconnectivitycorridor. 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 Modisaid. The Prime Minister further stressed respectingsovereigntyand regional integrity and stated thatconnectivitybetween different countries not only increases business but also trust between them. "We believeconnectivitybetween different countries increases not only business but trust between them. By promotingconnectivityinitiative, we need to ensure we stick to philosophies, that is, adhesion to international rules, respect for all nations'sovereigntyand regional integrity,"PM Modi said. (ANI)
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