India Middle East Europe Economic Corridor: Bridging Economic and Digital Aspirations

  • Focus Area Future of Transport and Fuel Demand Future of Transport and Fuel Demand
  • Type Instant Insight
  • Date 2 October 2023
Print

Abstract

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). 

Authors

Yagyavalk Bhatt

Yagyavalk Bhatt

Research Lead 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

Jitendra Roychoudhury

Jitendra Roychoudhury

Research Fellow II Jitendra Roychoudhury is a research fellow in the Utilities and Renewables program. His ongoing research portfolio at KAPSARC covers various…

Jitendra Roychoudhury is a research fellow in the Utilities and Renewables program. His ongoing research portfolio at KAPSARC covers various issues related to global and regional economic, energy and geopolitical, policy developments, and the impact of such policies on global energy markets. Before joining KAPSARC, Jitendra was Director and Chief Consultant at HDR Salva, India. He has worked extensively as a commodity consultant within India's energy and infrastructure sectors, advising on developing commodity market entry strategies. He has authored and contributed to numerous consulting studies related to coal and coal policy in India, Indonesia, and China. Jitendra has a bachelor's degree in mechanical engineering from the University of Pune, India, and a post-graduate diploma in business management from Welingkar's Institute of Management, Mumbai.

Expertise

  • Energy policy
  • Geopolitics
  • Coal and alternative solid fuels
  • Hydrogen
  • Critical minerals and geothermal

Publications See all Jitendra Roychoudhury’s publications

Share this Publication

Stay informed

 I'm interested in

Select the updates you'd like to receive from us

About

A bit about you