India, US, Gulf Nations to Launch Major Infra Project: Why it is Significant & How it Counters China’s BRI

News Snapshot:

India, US, UAE, Saudi Arabia, and Europe are set to unveil a major infrastructure initiative of a railway and shipping corridor that will enhance commerce, energy and digital connectivity on the sidelines of the G20 summit, US principal deputy national security advisor Jon Finer said on Saturday. Prime Minister Narendra Modi and US President Joe Biden intend to reveal the project within the framework of the Partnership for Global Infrastructure Investment. This initiative, comprising a rail and shipping corridor, is aimed at facilitating increased trade between the participating nations, including the exchange of energy products, a report in Associated Press...