External Affairs Minister Dr S. Jaishankar said that the India-Middle East-Europe Economic Corridor (IMEC) is meant to ensure connectivity, logistics and trade.

Speaking at the Munich Security Conference yesterday, Dr Jaishankar stressed that reforms of the United Nations are urgently required to ensure it reflects contemporary geopolitical realities and remains effective in addressing today’s global challenges.

Talking about India’s oil procurement, the Minister said that oil companies in India, as in Europe and other parts of the world, look at availability, cost, and risk and take the decision that they think is in the best interest.

He underlined that the world is heading towards greater multipolarity and there will be many more independent or autonomous centres of decision-making.

The External Affairs Minister also engaged with G7 Foreign Ministers at the sidelines of the Munich Security Conference. He reiterated India’s support of the UN@80 agenda, particularly meaningful reform of the UN Security Council.

In a social media post, Dr Jaishankar said that he emphasised the country’s role in safeguarding sea lines of communication, serving as a first responder, strengthening port security, and contributing to resilient submarine cable infrastructure.

The External Affairs Minister said their conversation brought out the many convergences and shared interests between India and the G7.