India, Greece Deepen Ties in Trade, Tourism & Key IMEC Corridor

Goyal held a virtual meeting with Theoharis to further deepen India-Greece cooperation in these areas, the commerce minister said on social media platform X.

"India values its growing partnership with Greece and looks forward to advancing this engagement further," he added.

In February, Prime Minister Narendra Modi and his Greek counterpart Kyriakos Mitsotakis met on the sidelines of the ongoing AI Impact Summit in New Delhi and discussed boosting connectivity especially through India-Middle East-Europe Economic Corridor (IMEC).

The two leaders reviewed various aspects of India-Greece strategic partnership, especially in the field of trade and commerce, defence and security, tourism, culture and collaboration in AI and other emerging technologies, the Ministry of External Affairs (MEA) had said in a statement.

"The leaders discussed boosting connectivity especially through IMEC and looked forward to the early implementation of India-EU FTA which will bring immense benefits to the economy of both countries and lead to higher tech collaboration, investments and jobs, particularly for the youth. The Prime Minister thanked PM Mitsotakis of Greece for his strong support to India in its fight against terrorism," the statement said.

The IMEEC will comprise two separate corridors, the east corridor connecting India to the Gulf and the northern corridor connecting the Gulf to Europe.

The corridor intends to enhance connectivity, increase efficiency, reduce costs, secure regional supply chains, increase trade accessibility and generate jobs, resulting in a transformative integration of Asia, Europe and Middle East.

- IANS