India, April 17 -- Union minister of commerce & industry Piyush Goyal on Friday said that the India-Middle East-Europe Economic Corridor (IMEC) will create seamless trade linkages across continents and bring down logistics costs by up to 30% with reducing transportation time by 40%.

"We will not only be linking trade; we will be linking civilizations and cultures - from Southeast Asia to the Gulf, from the Middle East to Central Europe," he said while addressing a roundtable on connectivity and economic growth in New Delhi.

Highlighting its potential reach, Goyal said IMEC could even enhance connectivity to Africa through the Middle East.

The proposed corridor includes railways, roadways, energy pipelines, and clean energy infrastructu...