Red Sea events exposed ‘fragility of existing connectivity’: Jaishankar
Hindustan TimesNew Delhi: Events in the Red Sea and Gulf of Aden following the Israel-Hamas conflict have exposed the “fragility of existing connectivity” arrangements and the world needs multiple trade corridors with in-built resilience, external affairs minister S Jaishankar said on Tuesday. Jaishankar, who was speaking at the inaugural session of an India-Europe business conclave, took a veiled swipe at China’s Belt and Road Initiative by saying the world needs new models of connectivity that are transparent, based on viable projects and without “hidden agendas”. Referring to the launch of the India-Middle East-Europe Economic Corridor on the margins of the G20 Summit last September, Jaishankar said the partners in the project “were not adequately cognisant of the fragility of existing connectivity”. Speaking on the theme of “India and Europe: Partners in growth and sustainability” at the conclave organised by the external affairs ministry and the Confederation of Indian Industry, Jaishankar referred to the importance of production, connectivity, technology, demographics, values and a framework for doing business.
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