China has been stunned yet again by the Modi regime at the Center. The Belt and Road Initiative (BRI), one of Chinese President Xi Jinping’s grandiose programs, is set to enter its tenth year. However, the Indian administration has declined to attend the summit for the third time in a row.
The Belt and Road Initiative (BRI) of China is already in peril. By March 2023, China would have loaned more than 240 billion dollars to more than 20 nations under the BRI initiative. In this context, India’s rejection to attend this meeting is akin to holding up a mirror to China.
India has been a vocal opponent of the ‘Belt and Road Initiative’ since its inception. India has made it quite clear that it would not tolerate any proposal that undermines its sovereignty or territorial integrity.
Indeed, the China-Pakistan Economic Corridor (CPEC), a key initiative of the Belt and Road Initiative, runs through Pakistan-occupied Kashmir (PoK), which India regards to be an integral part of its territory. India has been vocal in its opposition to China’s engagement in economic activity in this sector.
Will not be attending the BRI summit.
According to the source, India has once again declined to join the Belt and Road Initiative meeting, stating its position on sovereignty problems with the contentious CPEC (China-Pakistan Economic Corridor) project. India is boycotting the BRI meeting for the third time in a row.
China is hosting the two-day Belt and Road Forum for International Cooperation (BRFIC) on Tuesday, at a time when China is accused of enticing minor nations like Sri Lanka, Maldives, Pakistan, Djibouti, and Bangladesh into debt traps. There has been much criticism.
Earlier this year and in 2019, China hosted two international conferences as part of its major global infrastructure plan. However, India had declined to attend both of those sessions. According to official sources, India will skip the BRI summit this year, as it has done in the previous two years.
Why is India opposed to the BRI?
India is also opposed to the CPEC being developed under the BRI scheme because, under the guise of the BRI, Chinese forces would remain in Pakistan-occupied Kashmir indefinitely. This is nothing short of a strategic danger to India.
China will reach Gwadar port in Pakistan’s south-western region of Balochistan via Kashgar under the CPEC project. As a result, China’s access to the Arabian Sea will be assured. CPEC also enters the Gilgit Baltistan region, the northernmost section of Pakistan-occupied Kashmir. According to experts, China is attempting to become the third power in Kashmir with the aid of this initiative.
China’s String of Pearls program in the Indian Ocean is part of the Silk Route, commonly known as the Belt and Road Initiative.
China, on the other hand, has always denied these charges. According to Chinese President Xi Jinping, the goal of the BRI is not to pursue China’s geopolitical interests or to establish any organization. He claims that this effort will help the entire planet.
China is actively investing in this project. According to the American publication Wall Street Journal, China would have invested more than Rs 1 trillion on this project by May 2023. At the same time, the think tank Council on Foreign Relations (CFR) cited analysts who said China may spend up to $8 trillion on this project.
China wishes to strengthen its grip on the global economy through the Belt and Road Initiative. Through Central Asia and West Asia, China will be immediately connected to the Persian Gulf and the Mediterranean Sea. This project will also link China to Southeast Asia, South Asia, and the Indian Ocean. The BRI project will immediately connect China’s economy to two-thirds of the world’s population. China will be able to readily send its products to global markets with its assistance.