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National presidents praised India

Delhi: The ‘New Delhi Leaders Summit Declaration’ has been adopted with everyone’s consent among the G-20 member countries. Prime Minister Narendra Modi shared this information while addressing the second session of the summit at Bharat Mandapam. He said that we have just received good news that due to the hard work of our teams and your cooperation, a consensus has been reached on the New Delhi G-20 Leaders Summit Declaration. I would like to thank my ministers, Sherpas and all the officials who made this possible with their hard work. It is noteworthy that earlier there were difficulties in getting this manifesto approved due to the Russia-Ukraine issue.

India Middle East Europe Connectivity Corridor launched on the first day of G-20 Summit. The biggest benefit from this will be that the infra deal will reduce shipping time and cost, making business cheaper and faster. It is being presented as an alternative to China’s Belt and Road project. The objective of this corridor is to integrate railway routes and port linkages extending from India to Europe via the United Arab Emirates (UAE), Saudi Arabia, Jordan and Israel. Rail link can speed up trade between India and Europe by about 40%. The consent of the member countries to this proposal of India is no less than a big blow for China. This announcement has dealt a big blow to China’s project BRI, which India has already been opposing.

Another proposal of India has been agreed to. Global Biofuel Alliance was launched on the first day of the summit. Its objective is to increase the use of sustainable biofuel. Biofuel is a fuel made from plants, grains, algae, husks and food waste and is extracted from various types of myomas. It contains less amount of carbon. If its use increases, the world’s dependence on traditional fuel petrol and diesel will reduce and environmental pollution will also reduce. Along with this, PM Modi also proposed to launch a G20 satellite mission for environment and climate observations at the G20 Summit on ‘One Earth’ and urged the leaders to start work on the Green Credit initiative.

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