Overview

• Commerce Minister Piyush Goyal said the Mumbai meeting will firm up the IMEC’s alignment and secure financial and right-of-way commitments from participating countries.
• The project comprises two main legs: an eastern corridor connecting India to the Arabian Gulf and a northern corridor extending through the UAE, Saudi Arabia, Jordan and Israel into Europe.
• Plans call for a cross-border railway network supplemented by undersea cables for power and digital connectivity and pipelines for green hydrogen transport.
• Stakeholders estimate the USD 600 billion, decade-long corridor could cut logistics costs by up to 30 percent and reduce transit times by around 40 percent.
• Officials portray IMEC as critical to India’s strategic role as the corridor’s anchor, aiming to strengthen regional supply chains and trade resilience.