G20's rail-port corridor: India's answer to China's BRI
Image Credit: fpri
The proposed India-Middle East-Europe economic corridor will be substantially different from China's Belt and Road Initiative (BRI), Railway Minister Ashwini Vaishnaw has said. He said the project, announced at the recent G20 Summit in New Delhi, will focus on revenue generation and avoid debt traps for host nations. The corridor aims to speed up trade between India and Europe by up to 40% by linking railway and port facilities across the Middle East, South Asia, and Europe, among other regions.