G20 Summit: PM Modi leads talks on PGII & Economic Corridor

At the G20 Summit in India, leaders from the United States, India, European Union, Saudi Arabia, UAE, France, Germany, Japan, Italy, and others signed a memorandum of understanding for the India-Middle East-Europe Economic Corridor (IMEC) under the Partnership for Global Infrastructure and Investment (PGII). The corridor will link India to Europe via rail, shipping routes, clean energy pipelines, and data cables through UAE, Saudi Arabia, Jordan, and Israel, while progress was announced on the Trans-African Corridor connecting Angola's Lobito port to the Democratic Republic of Congo and Zambia. Speakers including President Biden, Prime Minister Modi, and EU Commission President von der Leyen highlighted commitments to sustainable infrastructure, job creation, trade, and clean energy. These initiatives aim to close global infrastructure gaps, boost connectivity, and foster prosperity in low- and middle-income countries.