Gujarat, with its strategic location and the longest coastline in India spanning 1,600 km, is poised to capitalise on the India-Middle East-Europe Economic Corridor. Rahul Gupta, Chairman and Managing Director of Gujarat Industrial Investment Corporation, expressed confidence in the corridor’s positive impact, considering the state’s unique positioning.
During the recent G20 Summit in New Delhi, India, a Memorandum of Understanding was announced, involving India, the United States, Saudi Arabia, the United Arab Emirates, France, Germany, Italy, and the European Union, committing to the development of the India-Middle East-Europe Economic Corridor.
This corridor will consist of two segments: the East Corridor linking India to West Asia and the Middle East, and the Northern Corridor connecting West Asia, the Middle East, and Europe. It will include a rail line to establish a reliable cross-border ship-to-rail transit network, enhancing trade routes from South East Asia through India to West Asia and Middle East Europe.
