Prime Minister Narendra Modi stated that the India-Middle East-Europe Economic Corridor (IMEC) will have a significant impact, much like the Silk Road. The agreement for IMEC was finalized during the G20 summit hosted by India last year. PM Modi emphasized the positive involvement of Gulf countries and the support from America and Europe for IMEC.
The image of Saudi Crown Prince Mohammed bin Salman, PM Narendra Modi, and US President Joe Biden shaking hands at the G20 made global headlines. PM Modi highlighted the importance of working towards global welfare without hesitation. He emphasized the establishment and purpose of the G8 and G20, stressing the need to stay focused on their objectives. PM Modi's strategy of prompt action and announcement on the first day of the summit proved successful.
Regarding the handshake between Biden and Mohammed bin Salman, PM Modi mentioned his amicable relations with both leaders and their collaboration on IMEC. The MoU for IMEC was signed by India, the US, the United Arab Emirates (UAE), Saudi Arabia, France, Germany, Italy, and the European Union during the G20 summit in New Delhi in September last year.