India & EU to Build Joint Infra Projects in Asia, Africa, New Delhi

The European Union and India will build joint infrastructure projects in Africa, Central Asia and the Indo-Pacific, an Indian foreign ministry said on May 8, after the conclusion of bilateral talks. India and the EU also revived sta

BY Realty Plus
Published - Tuesday, 11 May, 2021

India & EU to Build Joint Infra Projects in Asia, Africa, New Delhi

The European Union and India will build joint infrastructure projects in Africa, Central Asia and the Indo-Pacific, an Indian foreign ministry said on May 8, after the conclusion of bilateral talks. India and the EU also revived stalled free trade negotiations, while also seeking closer cooperation to combat climate change, as concerns about China bring Brussels and New Delhi closer. The EU and India agreed to build joint infrastructure projects around the world, notably in Africa, to be described as a connectivity partnership. The deal follows on from an accord between the EU and Japan in 2019, seeking an alternative to Chinese largesse known as the Belt and Road Initiative (BRI) that raised suspicion in the West and Tokyo.

Both sides pledged increased cooperation to limit climate change. The statement said the EU and India would hold meetings to collaborate in renewable energy, energy storage technology and modernising power grids.