Posted 9/11/2023, 11:11:13 PM
India Proposes New 'Spice Route' Trade Corridor to Boost Ties with Gulf, Europe
- New India-Middle East-Europe trade corridor proposed, called "new Spice Route", with rail and sea links
- Initiative has commercial potential but also poses challenges in implementation
- Corridor aims to boost India's trade with Gulf nations, Europe; provide alternative to China's Belt and Road
- India can leverage expertise in infrastructure building, especially railways, to participate
- Successfully implementing corridor requires consensus between nations on technical, operational, legal issues
