“For India-Middle East-Europe Economic Corridor to succeed, Delhi must invest more in Greece and Cyprus”, First Post, October 28, 2025
”It was perhaps the central achievement of the G20 Summit in New Delhi hosted in 2023. On September 10, 2023, India, Saudi Arabia, the European Union, the United Arab Emirates, France, Germany, Italy, and the United States signed a memorandum of understanding to establish the India-Middle East-Europe Economic Corridor (IMEEC).
The concept was both simple and wise: India will be an economic superpower for the 21st century. Its markets lie not just to its east but also to its west. Europe, meanwhile, seeks trade routes and supply chain security. At the core of the IMEEC scheme will be a ship-to-rail network to transit goods across the northern Indian Ocean to the United Arab Emirates, transshipment to Haifa, and then via ship again across the Eastern Mediterranean to Greece and Italy, and onward into the European market. The beauty of the scheme is that it allows Europe to bypass all malign actors—Russia, Iran, and Turkey.
The October 7, 2023, Hamas attack, the Israel-Iran war, and disarray at the State Department and National Security Council forced the scheme to pause. While global attention focused on Houthi attacks on Israel, India also suffered. Iran’s Islamic Revolutionary Guard Corps controls and profits heavily from logistics across Iran. Because IMEEC bypassed Iran, some officials inside the Islamic Republic appear to have encouraged the Houthis to attack Indian shipping in order to redirect commerce toward the Northern Route across Iran into Russia and Turkey……”
Read full article at firstpost.com
