IMEC

April 17, 2025 1:23 PM

IMEC to slash logistics costs by 30%, transit time by 40%, says Piyush Goyal

The India-Middle East-Europe Economic Corridor (IMEC) is expected to reduce logistics costs by up to 30% and cut transportation time by 40%, Union Minister of Commerce and Industry Piyush Goyal said on Wednesday. The Minister was addressing the IMEC High-Level Roundtable on Connectivity and Economic Growth in New Delhi. Highlighting these figures, Goyal said IMEC is poised to become a transformative corridor for global trade, offering faster, more cost-effective, and sustainable connectivity be...

February 28, 2025 1:01 PM

India, EU hold bilateral meeting on connectivity, IMEC, and security

India and the European Union (EU) held a bilateral cluster meeting in New Delhi on Friday, focusing on key issues including connectivity, the India-Middle East-Europe Economic Corridor (IMEC), green and clean energy, mobility and talent, security, the Mediterranean region, and the EU’s expansion. External Affairs Minister S. Jaishankar, along with Union Ministers Kirti Vardhan Singh and Nityanand Rai, represented India at the meeting. The EU delegation included Jozef Sikela, Commissioner for ...

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 ...