The nations involved in the proposed IMEC collectively account for nearly half of global GDP, totalling $47 trillion. Therefore, to fully unlock the benefits of this multilateral initiative of immense geopolitical significance, they must work towards resolving security concerns and harmonising trading regulations, writes Manish Pant. Experts often refer to the proposed India-Middle East-Europe Economic...
Tag: IMEC
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Logistics parks, multimodal cargo hubs poised for rapid growth
Following the successful launch of the Bangalore Logistics Park at India’s third-busiest international airport in late April, Ramanathan Rajamani, CEO, AISATS, is now focused on the seamless operationalisation of the country’s largest multimodal cargo hub at the upcoming Noida International Airport. An engineering graduate and a master’s in logistics from the National University of Singapore,...
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The Corridor of Opportunity
All emerging economic and military powers require secure trade routes. Take, for example, the Suez Canal, a vital gateway for global trade. It attracts about 12-15 per cent of global trade and about 30 per cent of global container traffic, with more than $1 trillion in goods transiting annually. The blockage of the Suez Canal...