Home FEATURED Alona Lebedieva on G20: “Construction of transport corridor between India and Europe will create strong competition for China”

Alona Lebedieva on G20: “Construction of transport corridor between India and Europe will create strong competition for China”

The founder and owner of Ukraine's Aurum Group added “The construction of the transport corridor should be considered as a way to connect the key regions of the world, India and Europe, which opens new trade partnerships and stimulates the supply of energy resources."

by EUToday Correspondents
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Alona Lebedieva
Alona Lebedieva noted, “India has long been considered by both Europe and the USA as a geopolitical counterweight and a future substitute for China in the new model of world economic growth.”

The announcement at the G20 summit in New Delhi in September 2023 of “The India-Middle East-Europe Economic Corridor” – a new strategic initiative by the United States, the countries of the Arabian Peninsula and India to construct a transport corridor between India and Europe – can become a solid alternative to the Chinese project “One belt is one road.”

Prime Minister Narendra Modi

 

“This will give the whole world connectivity, development, and a sustainable direction. 
“It will drive sustainable development for the entire world.” –  Indian Prime Minister Narendra Modi 

 

Ms. Lebedieva added: “The announced project opens up very wide opportunities for India in the geo-economic sense. The economic corridor will make it a new global player, thus allowing not only to position itself as a real competitor to China, but to bypass Pakistan, with which India, as you know, does not have very friendly relations.” 

“The construction of the transport corridor should be considered as a way to connect the key regions of the world, India and Europe, which opens new trade partnerships and stimulates the supply of energy resources.

“The project also provides for the construction of a pipeline network to transport hydrogen, for the creation of a system of cables to transmit digital data and electricity. This is a matter of serious economic feasibility in the long term, – Alona Lebedieva noted, – Thanks to the construction of a number of railway routes and the development of port infrastructure, the project will eventually be able to become one of the fastest routes to deliver goods to the EU, which will increase the volume of trade between India and Europe, according to preliminary estimates, by 40%.”

Among the important aspects of the announced project, Alona Lebedieva noted the “powerful” cover by the US, which, in her opinion, “reduces the risks of a strategic and military nature.”

Commenting on the results of the G20 summit, Ms. Lebedieva, also drew attention to the misplaced tendency to “reduce the significance” of the forum due to the absence of some state leaders, in particular, the leader of China, and the “too lengthy” final document.

Aurum Group, a Ukrainian multidisciplinary industrial and investment group of companies, works in the fields of railway car construction, rolling stock repair, railway freight transportation, industrial pump construction, chemical industry, real estate, and agriculture. The turnover of the companies in the pre-war year of 2021 amounted to USD 50 million.

Read also: Alona Lebedieva: “European track in Ukraine: new opportunities for the Ukrainian economy or an expensive project that will never pay off?”

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