Global Gateway: Advancing EU-India Priorities in the Indo-Pacific
“Despite long-standing diplomatic ties, recent years have seen a deepening of EU-India cooperation, driven by rising trade volumes and evolving geopolitical dynamics. This evolving partnership is also grounded in shared economic interests and in the desire to diversify supply chains, bolster digital and physical infrastructure, and foster energy and climate resilience. Key developments include the launch of the EU-India Connectivity Partnership (2020), the launch of the EU-India Trade and Technology Council (2023), the recent revival of negotiations on a free trade agreement, and collaboration on the India-Middle East-Europe Economic Corridor (IMEC), all reflecting a shared commitment to strengthening strategic and economic partnerships. Furthermore, these collaborations provide platforms to coordinate efforts on connectivity, critical technologies, and secure supply chains.”
“…the EU’s commitment to mobilizing €300 billion through a blend of public and private investment under the Global Gateway complements India’s regional development assistance model. There is scope for synergy through co-financing mechanisms, such as blended finance, trilateral cooperation, or partnerships under multilateral initiatives like the G7’s Partnership for Global Infrastructure Investment (PGII) and IPOI [Indo-Pacific Oceans Initiative]. This will also support India’s shift from a predominantly ‘grant’ financing mechanism to greater private sector involvement through concessional credit. Through this, both actors are well-placed to jointly finance high-impact, bankable projects in the region that are aligned with international standards on transparency, sustainability, and local ownership.”