The announcement of the India-Middle East-Europe Economic Corridor (IMEC) during the 2023 Group of 20 (G20) Summit in New Delhi marks a significant development for the Partnership for Global Infrastructure and Investment (PGII) initiative. The PGII formation was announced in 2022 during the Group of Seven (G7) German Presidency. Initially formulated by the United Kingdom as the Build Back Better World (B3W) in 2021 during the G7 Presidency, and subsequently renamed, PGII is an initiative focused on providing infrastructure to help developing countries progress by addressing infrastructure funding requirements through public and private investments. During the recently concluded G20 Summit, at a meeting co-chaired by India and the United States of America (USA), the IMEC was announced. The proposed economic corridor will connect and stimulate economic development and growth by integrating three regions: Asia, the Arabian Gulf, and Europe (Ministry of External Affairs 2023).

Fellow- Transportation & Infrastructure
Yagyavalk Bhatt is an energy professional with more than seven years of experience in the transportation and electricity domain. Yagyavalk…
Yagyavalk Bhatt is an energy professional with more than seven years of experience in the transportation and electricity domain. Yagyavalk leads “The Role of Clean Energy Policies: Trends in India’s Transport Sector” project, aimed at estimating India’s transport energy demand and potential impact on crude oil supply chain. His expertise covers energy policy, energy economics, transport modeling, the impact analysis of transport policies, emerging economies energy transition, renewable energy, and cost-benefit analysis of the transport and electricity sector. He has authored and contributed to numerous research papers and studies related to the transportation and electricity sector.
Expertise
- Policy Analysis
- Transport Demand Modeling
- Sustainable Transport
- Clean Energy Transition
- Renewable Energy
- Climate Change
Publications See all Yagyavalk Bhatt’s publications

Decarbonizing Land-Based Passenger Transport in Saudi Arabia
The announcement of the India-Middle East-Europe Economic Corridor (IMEC) during the 2023 Group of 20…
12th January 2025
Analyzing the Interplay of Urbanization, Economic Development, and Seaborne Trade A Case of Saudi Arabia
The announcement of the India-Middle East-Europe Economic Corridor (IMEC) during the 2023 Group of 20…
18th December 2024