India-Europe trade corridor gathers pace as Modi, Macron pledge port partnership

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India and France are advancing the India-Middle East-Europe Economic Corridor (IMEC) with a port partnership agreement. Adani Ports and the Port of Marseille Fos signed a memorandum of understanding to create an "IMEC Ports Club," aiming to coordinate key ports along the corridor and boost trade connectivity between India and the EU. Announced in 2023, the IMEC is a 6,000km multimodal transport initiative designed to link India to Europe via the Middle East through shipping and rail networks. Proponents claim the IMEC could reduce transit times and costs significantly compared to existing routes. The partnership between Marseille Fos, a major European port, and Adani Ports, which operates India's largest commercial port in Mundra, is a crucial step in realizing the IMEC's potential.
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