Food security to hydrogen transport: Formats exist for IMEC's success

India's initiatives have already laid some of the groundwork for the proposed infrastructure corridor

The India-Middle East-Europe Economic Corridor (IMEC) announced in New Delhi on the sidelines of the G20 summit is a viable idea for infrastructure as several initiatives led by India to connect countries in the region are already in the works.

Countries that signed a memorandum of understanding (MoU) for IMEC on September 9 already have joint investments in food, water, energy and transport. Many investments are partly financed by multilateral development banks, removing a potential irritant for India in joining mega infrastructure projects that have foreign money.

The IMEC model came about at the inaugural I2U2 summit in July 2022