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HomePress ReleaseEIN PresswireThe construction of a transport corridor between India and Europe will create...

The construction of a transport corridor between India and Europe will create strong competition for China


KYIV, UKRAINE, September 16, 2023/EINPresswire.com/ — The announcement on the G20 summit in New Delhi in September 2023 of “The India-Center East-Europe Financial Corridor” – a new strategic initiative by the US, the nations of the Arabian Peninsula and India to assemble a transport corridor between India and Europe – can turn out to be a strong different to the Chinese language venture “One belt is one highway”, Alona Lebedieva, the proprietor of the multidisciplinary industrial and funding group of corporations Aurum Group, says.

“India has lengthy been thought-about by each Europe and the USA as a geopolitical counterweight and a future “substitute” for China within the new mannequin of world financial progress. The introduced venture opens up very huge alternatives for India within the geo-economic sense. The financial corridor will make it a new world participant, thus permitting not solely to place itself as a actual competitor to China, however to “bypass” Pakistan, with which India, as you realize, doesn’t have very pleasant relations, – Alona Lebedieva defined.

“The construction of the transport corridor needs to be thought-about as a technique to join the important thing areas of the world, India and Europe, which opens new commerce partnerships and stimulates the availability of power assets. The venture additionally supplies for the construction of a pipeline community to transport hydrogen, for the creation of a system of cables to transmit digital knowledge and electrical energy. That is a matter of severe financial feasibility in the long run, – Alona Lebedieva famous, – Due to the construction of a quantity of railway routes and the event of port infrastructure, the venture will ultimately be capable of turn out to be one of the quickest routes to ship items to the EU, which will enhance the amount of commerce between India and Europe, in keeping with preliminary estimates, by 40%”.

Among the many necessary facets of the introduced venture, Alona Lebedieva famous the “highly effective” cowl by the US, which, in her opinion, “reduces the dangers of a strategic and army nature.”

Commenting on the outcomes of the G20 summit, the proprietor of Aurum Group, Alona Lebedieva, additionally drew consideration to the overall tendency to “scale back the importance” of the discussion board as a result of absence of some state leaders, specifically, the chief of China, and the “too prolonged” ultimate doc.

Aurum Group, a Ukrainian multidisciplinary industrial and funding group of corporations, works within the fields of railway automobile construction, rolling inventory restore, railway freight transportation, industrial pump construction, chemical business, actual property, and agriculture. The turnover of the businesses within the pre-war yr of 2021 amounted to USD 50 million.

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Aurum Group
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