Skip to content Skip to Search
Skip navigation

India-Middle East-Europe corridor to revive spice route

Cuisine in India and the Middle East is ‘incomplete without spices’, said Indian minister Piyush Goyal Unsplash.com
Cuisine in India and the Middle East is ‘incomplete without spices’, said Indian minister Piyush Goyal

Indian spices and spice products are likely to be the first commercial products to find their way through the new India-Middle East-Europe Economic Corridor (Imec), an Indian minister has said.

Imec, announced last month at the G20 summit in New Delhi, India, aims to integrate railway routes and link ports along a route from India to Europe, through the UAE, Saudi Arabia, Jordan and Israel.

Taking the first steps to promote the corridor, India’s commerce and industry minister Piyush Goyal said the corridor is similar to the historic “spice route”, the UAE state-run Wam news agency reported.

“So, we should be looking up to this new initiative as an appropriate opportunity to celebrate the flavours of India and the versatility of the country in the regions covered by the corridor. Let Indian spices capture world markets,” he told the World Spice Congress in Navi Mumbai, India.

The minister urged the 35 million-strong people of Indian origin residing across the world, including the GCC, to be brand ambassadors “to encourage increased consumption of spices across the world”.

The cross-border ship-to-rail transit corridors will reduce shipping costs across the network and facilitate trade in goods and services to, from, and between the UAE, Saudi Arabia, India and Europe, UAE state-run news agency Wam reported.

The initiative will focus on advancing energy infrastructure, helping with the production and transportation of environmentally-friendly green hydrogen to all participating nations.

Latest articles

The Saudi government is trying to raise home ownership among nationals to 70 percent of the population by 2030, which is helping to drive up residential property prices

Residential price rise counters slip in Saudi commercial property

Residential property was the driving force behind a rise in Saudi Arabian real estate prices in the first quarter of 2024 as prices of commercial real estate fell, government statistics released this week showed.  The overall real estate price index rose by 0.6 percent compared with the same quarter in 2023. But while there was […]

The under-construction Zayed National Museum in Abu Dhabi

UAE wealth fund ADQ buys stake in Abu Dhabi builder

UAE sovereign wealth fund ADQ is acquiring a stake in the construction company building the Guggenheim and Zayed National museums in Abu Dhabi. Alpha Dhabi Holding (ADH), an investment holding company, announced in a filing to the Abu Dhabi Stock Exchange on Tuesday that it will divest 49 percent of its subsidiary Alpha Dhabi Construction […]

Microsoft president Brad Smith and G42 CEO Peng Xiao (right) sign the $1.5bn investment deal in the presence of G42 chairman Sheikh Tahnoon bin Zayed Al Nahyan

Microsoft invests in UAE’s AI leader G42 

The US tech giant Microsoft will invest $1.5 billion in the Abu Dhabi-based artificial intelligence (AI) company G42 to help accelerate its global expansion strategy. As part of the deal G42 will run its AI applications and services on Azure, Microsoft’s cloud computing platform. Brad Smith, vice-chair and president of Microsoft, will join the G42 […]

Spinneys CEO Sunil Kumar and chairman Ali Al Bwardy. The company operates 75 grocery retail supermarkets in the UAE and Oman

Spinneys to offer 900m shares in Dubai IPO

Supermarket operator Spinneys will sell 25 percent of its business in an initial public offering (IPO) on the Dubai Financial Market (DFM), according to an intention to float document released on Tuesday. The company’s offering will be open from April 23 to April 29 for retail investors, while institutional investors can subscribe until April 30, according […]