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

At the G20 Summit in India, leaders from the United States, India, UAE, Saudi Arabia, EU, France, Germany, Japan, Italy, and others launched the India-Middle East-Europe Economic Corridor (IMEC) under the Partnership for Global Infrastructure and Investment (PGII), alongside an MoU to accelerate infrastructure projects. IMEC will connect India to Europe via rail, shipping routes, clean energy pipelines, and high-speed data cables through UAE, Saudi Arabia, Jordan, and Israel, while the Trans-African Corridor will link Angola's Lobito port to DRC and Zambia, boosting trade, jobs, and supply chains. These historic agreements aim to close global infrastructure gaps, promote sustainable development, clean energy trade, and shared prosperity in low- and middle-income countries.