Greek PM’s India visit to once again raise IMEC corridor plan

The war in Gaza may have stalled India’s ambitious project for a trade and energy corridor to the Middle East and, from there, to Europe, but the world’s most populous country has not stopped looking for trade routes to the West.

The prospect of Greece playing the role of European gateway for India, as geographically, Greece is the EU’s closest member state to India, is expected to be raised once more during meetings between Greek Prime Minister Kyriakos Mitsotakis and his Indian counterpart Narendra Modi in New Delhi this Wednesday and Thursday.

India’s PM had discussed the matter at a meeting with the Greek leader in Athens last August, and is expected to do so again, even though the plan’s prospects have weakened as the war in Gaza has changed the geopolitical balance and ruptured crucial Israel-Saudi relation without any signs of normalization in the foreseeable future.

Everything concerning the India-Middle East-Europe Economic Corridor (IMEC) will depend on the outcome in Gaza and the stance of Israel, refusing to discuss an independent Palestinian state, as Saudi Arabia is demanding in order to establish diplomatic relations with Israel.

India’s envisaged trade and energy corridor, a 4,800-km corridor planned to link the ports of Mumbai and Haifa, already controlled by Indian investors, remains on the table, but is at the mercy of geopolitical developments due to Gaza.