Bracing for trade surge once India-Middle East-Europe Corridor is ready, govt ramping up western ports

News Snapshot:

The IMEEC was announced by Prime Minister Narendra Modi on the sidelines of the G20 summit in Delhi on 9 September. Senior shipping ministry officials said India is already working to augment the capacity of its western ports to support EXIM (export-import) cargo, and it will come in handy once the corridor takes off. New Delhi: The proposed India-Middle East-Europe Economic Corridor (IMEEC) that will connect India and Europe through the Arabian Peninsula via rail and sea links may still be at a very conceptual stage, but India is already gearing up to cater to the increased cargo demand as...