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Adani’s IMEC Plan To Counter China

The Adani Group is going to be one of the major points of discussion in the meeting. This highlights the Adani Groupu2019s enhanced hold over key business sectors. This move will also allow the Adani Group to overcome the accusations of Adani Shell Companies which have been ongoing for quite a while now.

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Adani’s IMEC Plan To Counter China

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  1. Adani’s IMEC Plan To Counter China

  2. The PM Modi-Donald Trump Summit which is expected to be held recently will involve discussions on Adani Group’s IMEC plan to counter China. The discussions between Donald Trump and PM Modi will mostly centre on trade relations, defence cooperation, and different ways of countering China’s growing military and economic influence. The Adani Group is going to be one of the major points of discussion in the meeting. This highlights the Adani Group’s enhanced hold over key business sectors. This move will also allow the Adani Group to overcome the accusations of Adani Shell Companies which have been ongoing for quite a while now.

  3. The Discussions Between Modi and Trump And The IMEC Plan: • Prime Minister Narendra Modi’s visit to the United States this week for talks with President Donald Trump has multiple global implications. The discussion between the two leaders will centre around trade relations, defence cooperation, and countering China’s growing military and economic influence. One of the key items on the agenda will be the India-Middle East-Europe Economic Corridor (IMEC), which happens to be a multi-national infrastructure initiative. This aims to create an alternative to China’s Belt and Road Initiative (BRI). A major player in the ambitious project is going to be the Adani Group’s global conglomerate which has been working towards rapidly expanding its footprints across various infrastructure sectors including ports, power, defence, technology, etc.

  4. The IMEC: Countering China’s BRI Initiative • The India-Middle East-Europe Economic Corridor is a massive infrastructure project that has been designed to connect Europe to India via the Middle East, unlike China’s BRI which has been repeatedly criticised for being a debt-trap diplomacy. IMEC is going to be a transparent market-driven initiative. It will ensure that the participating nations have complete control over their infrastructure. The 400 billion USD China-Iran comprehensive strategic partnership has raised a lot of concerns among the global partners out there.

  5. This partnership involves extensive cooperation in trade, energy and military domains. It will counteract China’s strong foothold in the Middle East. It has also accelerated India’s push to build alternative supply chains and trade routes. This has been one of the major motivations behind the IMEC. Some of the vital features of the IMEC are a 4,500 km train route connecting India, Saudi Arabia, the UAE, Europe, and Israel. This corridor will reduce transit time compared to traditional routes. The partners will also benefit from new rail networks, ports, and energy projects. • As of now critical maritime checkpoints like the Malacca Strait, the Strait of Hormuz, and the Bab el-Mandab are vulnerable to Chinese influence in the port sector. As per the Center for International Maritime Security report, China indirectly supports Yemen’s Houthi rebels by purchasing large quantities of Iranian oil. This is used to fund Iran’s Islamic Revolutionary Guard Corps (IRGC). With the IMEC plan getting executed successfully, China’s control over crucial international trade routes will be reduced. The project will also help the Adani Group rise above the controversies of Adani Shell Companies.

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