He also highlighted the necessity of Innovative Financing Models, encouraging the involvement of multilateral financial institutions and suggesting instruments like green bonds and long-term 'IMEC Bonds'.

To advance the IMEC initiative, Goyal proposed five key suggestions, starting with the importance of a Public-Private Partnership (PPP) model to enhance efficiency and innovation.

He emphasized that the corridor will connect not only trade routes but also civilizations and cultures, extending connectivity from Southeast Asia to Central Europe and potentially to Africa through the Middle East.

Union Minister Piyush Goyal described the India-Middle East-Europe Economic Corridor (IMEC) as a modern-day Silk Route during a high-level roundtable on April 17, 2025.

He called for active engagement with industry bodies and trade associations to ensure the corridor meets the real needs of businesses and addresses existing bottlenecks.

Lastly, Goyal recommended involving Think Tanks and Academia in the design process to foster creativity and long-term strategic thinking for the corridor.

He reaffirmed India's commitment to serve as a reliable bridge for global cooperation, reflecting the ethos of 'Vasudhaiva Kutumbakam'—the world is one family.

Goyal framed IMEC as a partnership built on mutual trust and inclusivity, focusing on sustainability and digital connectivity rather than economic dominance.

The IMEC initiative aims to significantly enhance trade linkages by reducing logistics costs by up to 30% and transportation time by 40%.

The corridor will incorporate various infrastructures, including railways, roadways, energy pipelines, and clean energy systems, with ongoing discussions with Singapore, Saudi Arabia, and the UAE regarding clean energy transmission.

Goyal stressed the need for Regulatory Connectivity to streamline trade processes, citing India's collaboration with the UAE as a model for reducing cross-border friction.