Proposal for India-Middle East-Europe Mega Economic Corridor, Green Hydrogen Concerns Remain

On the second day of the G20 summit, PM Modi announced the launch of the India-Middle East-Europe mega economic corridor. The project includes India, the UAE, Saudi Arabia, the European Union, France, Italy, Germany, and the US. The rail and shipping corridor is part of the Partnership for Global Infrastructure Investment (PGII) — a collaborative effort by G7 nations to fund infrastructure projects in developing nations. PGII is considered to be the bloc’s counter to China’s Belt and Road Initiative. President Biden called the launch of the India-Middle East a ‘big deal’. Two of the three ports involved – Mundra and Haifa – are owned by Gautam Adani who, it is apparent now, is in Modi’s good books.. An expert says: At a rough estimate, the cost of laying intercontinental railway lines and electricity cables will exceed a trillion dollars. The Green Hydrogen part of the project is not workable.