India-Europe trade corridor gathers pace as Modi, Macron pledge port partnership

India-Europe trade corridor gathers pace as Modi, Macron pledge port partnership

India and France have agreed to increase connections between two of their largest ports and others, giving fresh momentum for a proposed commercial corridor stretching from South Asia to Europe that some analysts say could rival China’s Belt and Road Initiative. The agreement between India’s Adani Ports and France’s Port of Marseille Fos marks a key step towards making the India–Middle East–Europe Economic Corridor (IMEC) a reality. The memorandum of understanding, signed on Wednesday, proposes...

By Biman Mukherji