Monday, September 11, 2023

India-Europe Trade Corridor

 
US President Joe Biden’s announcement over the weekend at the G20 meeting of an India-Middle East-Europe Economic Corridor (IMEC), with India to be linked to the Middle East and Europe through rail, shipping lines, pipes, and cables, conceives Israel as the hub of the regional trade. The corridor would be an alternative to the Suez Canal. Something like Singapore in the Far East. Fantastic.

I looked up what merchandises could be traded on this new corridor. India is big and populous but sells and buys very little. I could not find one product in my professional area where Indian products were used, Indian pumps are of low quality and antiquated. This is a paradox since India just put a vehicle on the moon while the Russians failed. It has technology and excellent Iyer Brahmin minds. In time it may develop

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