India Launches Rs 3.5 Lakh-Cr IMEEC Project

India has unveiled the ambitious India Middle East Europe Economic Corridor (IMEEC) project, linking 8 eastern coast ports with a railway line at a cost of Rs 3.5 lakh crore. Finance Minister emphasized its long-term impact despite short-term disruptions. The initiative aims to facilitate goods transportation to designated ports within 36 hours from any part of India, enabling swift access to West Asia and Europe. The investment covers various projects, including the Son Nagar-Andal link upgrade, allowing goods transport from Indian ports to UAE's Fujairah, then to Israel's Haifa, and onward to Europe, including Italy, France, the UK, and the US, with potential trade routes through Greece and North Africa.