Gérard Mestrallet, a former CEO of Engie and ex-president of Suez, has been appointed by French President Emmanuel Macron as emissary for the India-Middle East-Europe Economic Corridor (Imec) project. The aim of this project is to stimulate commercial relations between India, the Middle East, and Europe and serves as an alternative to the new “Chinese Silk Roads”. Several countries and the European Union have already signed an agreement in principle.
The Imec project will be in the form of a rail link that aims to accelerate trade between India and Europe by 40%. It also includes the construction of an electric cable, a clean hydrogen pipeline, and a high-speed data cable. French President Emmanuel Macron hopes to position Marseille as the European “bridgehead” for this project, highlighting France’s expertise in transportation and energy.
As the first emissary designated among participating countries, Gérard Mestrallet’s mission is to identify ports, railway, and energy infrastructures to assess existing and forecast future flows. He will focus on positioning France as the main entry and exit point for the future corridor with a focus on diversifying sources of supply and strengthening economic, energy, and health security. French companies are highly interested in this project; Mestrallet will support them in positioning themselves for tender calls related to the project.
In conclusion, Gérard Mestrallet’s appointment as emissary for the Imec project marks a significant step towards strengthening economic ties between India, the Middle East