India will be connected by railroad under a multinational Middle East-South Asia rail and ports corridor that was announced on the sidelines of a G20 summit over the weekend, an Indian foreign ministry official said on Monday. The multinational rail and ports deal with the United States, Saudi Arabia, India, European Union, United Arab Emirates as members will link the Middle East to South Asia and is being viewed as a counter to China's ambitious Belt and Road Initiative. During Saudi Crown Prince Mohammed bin Salman's state visit to New Delhi on Monday, India and Saudi Arabia also discussed the possibility of trading in local currencies and expediting the negotiation
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