India's Refusal to Join Belt and Road Summit Regrettable

Dated 2017-05-15, tagged under General

India's Refusal to Join Belt and Road Summit Regrettable-OBOR Invest

Source News18

Beijing Terming India's move of not attending China's showpiece 'One Belt One Road' initiative as 'regrettable', a report in a state-run newspaper said that it will not at all affect the cooperation in infrastructure development among the neighbouring countries.

The two-day Belt and Road Forum was attended by leaders from 29 countries, including Pakistan.

India has boycotted the meeting due to sovereignty concerns over the USD 50 billion CPEC (China-Pakistan Economic Corridor), which passes through Pakistan-occupied Kashmir, said the report.

Referring to the statement issued by the Ministry of External Affairs on March 13, a day before the two-day B&R summit, it said India also cited the potential debt burden as one of its other concerns, saying that, "connectivity initiatives must follow the principles of financial responsibility to avoid projects that would create an unsustainable debt burden for communities."

Share this post?
Obor Invest social share link