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How will India-Middle East-EU corridor benefit India & the world? Ashwini Vaishnaw speaks

India has not only come out as a huge success with its G20 Presidency but has made a statement in itself before the world. The world’s top leaders showered their praise and hailed India for hosting the event in a way it wasn’t hosted before. As the summit concluded on Sunday, September 10, Union Minister Ashwini Vaishnaw in an exclusive conversation to Republic TV, spoke on various aspects, issues and highlights of the summit.

Calling it a major achievement for India, the Railways Minister said that the way Prime Minister Narendra Modi has positioned India as a trusted partner, as a partner which is recognised as an equal partner in the world, where India’s voice is heard and recognised is a great achievement for all Indians. He asserted that the multiple outcome documents, multiple projects, and multiple concepts, during the G20 and its sidelines will bring many new opportunities for India. 

Corridor will create seamless connectivity to Europe

One of the major highlights of the summit was India’s proposal to create India-Middle East-Europe mega economic corridor, which received all support from the G20 nations and has created a buzz over the future of deeper trade partnership. Responding over the creation of the said trade corridor, Ashwini Vaishnaw said, “Our Prime Minister had a clear vision that India, the Middle East and Europe share many common values, there are many common thought processes and a clear economic alignment. That is why he came up with the concept. This will improve trade between India, Europe and the Middle East and create new opportunities.”

Explaining the need to create the economic corridor to Europe, he said, “We share many common values, common thought processes and we have a clear economic alignment. That is why PM Modi came up with this concept. With this concept, from the West Coast to India’s ports in Gujarat, Goa, Maharashtra, Karnataka and Kerala, we can create a seamless connectivity all the way to Europe.” 

“Today, it has been accepted, it has been signed by all key stakeholders of the project. Further using shipping and rails, the distance will significantly be reduced by a thousand kilometres. This will improve bilateral trade and create many new opportunities for Bharat, for Europe, for the Middle East, and is also backed by the US. We will be creating a seamless corridor for trade. This is an important project economically and is going to be a game changer for us,” elaborated the minister.   

Vaishnaw on challenges to bring US, Saudi Arabia together

On facing challenges in bringing the USA and Saudi Arabia on the same table in context with the economic corridor, he stated, “Our PM is seen as a global statesman. His voice is respected by every country and people are looking forward to coming together with India to achieve a common goal. That is why this project and other common political economic goals are getting aligned.” 

“India is today accepted as a country which believes in the development of all. India’s leadership is accepted as leadership, and our prime minister’s vision is accepted all across the world. His mantra of ‘Sabka Sath, Sabka Prayas, Sabka Vikas’ is reciprocated by so many global leaders. Our place at the global table of leaders is very well accepted today. If some countries want to give it a miss, it’s their choice. But, the entire world is willing to work with India,” Union Minister Ashwini Vaishnaw emphasised. 

Indian Railways will be benefitted with the project

Recounting the benefits of the economic corridor, Vaishnaw said, “This corridor is a very bankable project because if you look at the trade that is happening today, this trade is primarily happening either through the Suez Canal or travelling around the Cape of Good Hope. Instead of travelling all around, one can directly travel to Europe through the Middle East. The entire concept changes when the Middle East becomes a gateway to Europe. With this, there will be opportunities to create a landmark which will benefit the world for many many decades.” 

Responding to the question, on how the project will benefit the Indian Railways, the Railways Minister briefed, “The corridor will be a great thing for the Indian railway sector because our companies are very well respected all over the world. The scale at which railways have come to focus because of our Prime Minister’s clear focus on it, these railway companies will find opportunities to find work in the corridor and beyond it.” 

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