imec: Why are China and Turkey nervous about India’s IMEC gambit? hot news

Indian Prime Minister Narendra Modi (L) and the United States President Joe Biden (R) attend Partnership for Global Infrastructure and Investment & India-Middle East-Europe Economics Corridor event within the G20 Leaders’ Summit 2023 at Bharat Mandapam in New Delhi, India on September 09, 2023. The summit is hosted by India this year with the main theme of ‘One Earth, One Family, One Future’. (Photo by Press Information Bureau (PIB) / Handout/Anadolu Agency via Getty Images)

Synopsis

India’s West Asia geo-economic gambit – the new IMEC infra project – is seen as a response to China’s BRI. The ambitious rail and shipping project announced on the sidelines of G20 is envisaged to challenge China’s economic clout. It leaves both China and Turkey guessing despite being on the G20 table in New Delhi. Will IMEC shape a new world reality?

After China powered the Belt and Road Initiative (BRI) a decade ago, G20’s biggest announcement–the India-Middle East-Europe Economic Corridor (IMEC) is grabbing headlines. India, the US, the UAE, Saudi Arabia, France, Germany, Italy, and the European Union (EU) announced probably the boldest geopolitical initiative to counter BRI. Interestingly Turkey has been the first country that has openly come out and counter the India-Middle East trade

BY

10 mins read, Last Updated:

Oct 9, 2023, 01:00 PM IST

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