September 6, 2024 4:52 PM

India-Middle East-Europe Economic Corridor to boost maritime security, says Piyush Goyal

The India Middle East Europe Economic Corridor (IMEC), launched during India’s G20 presidency, will bolster maritime security and reduce New Delhi’s dependence on certain trade routes, Commerce Minister Piyush Goyal said on Friday at the CII India-Mediterranean Business Conclave 2024 in New Delhi. Goyal called for stronger cooperation between India and Mediterranean countries, saying that such collaboration will lead to lower logistics costs, improved connectivity, and safer transportation ...