What is the name of the multinational trade and connectivity corridor proposed by India in September 2023 during the Presidency of G 20?

India-Middle East-Europe economic corridor

During the G20 summit in September 2023, Prime Minister Narendra Modi unveiled plans for the India-Middle East-Europe economic corridor, a ground-breaking initiative that promises to reshape global trade and connectivity. The corridor, which involves India, UAE, Saudi Arabia, European Union, Italy, Germany and the United States, is poised to be historic venture, surpassing even the legendary Silk and Spice routes of the past.This corridor is not merely a traditional transportation but a comprehensive infrastructure network that includes various elements:

• Rail Link: The corridor will feature a modern rail link, facilitating the movement of goods and people across participating nations.
• Electricity Cable: An electricity cable will be laid to ensure a reliable and efficient power supply, enhancing energy cooperation and sustainability.
• Hydrogen Pipeline: The project includes a hydrogen pipeline, reflecting a commitment to cleaner energy sources and reduced carbon emissions.
• High-Speed Data Cable: A high-speed data cable will enable seamless digital connectivity, fostering innovation and economic growth.