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Thursday March 28, 2024

India cannot prevent growth of OBOR: China daily

By Web Desk
March 20, 2017

BEIJING: Taking strong exception to Indian opposition of One Belt One Road initiative on grounds that it passes through disputed region, China’s national daily said ‘India should adopt more pragmatic attitude towards the project as it cannot prevent its growth’.

In an opinion piece in Global Times, author Hu Weijia advised the government of Narendra Modi to not follow what Barrack Obama did by opposing establishment of a China-led bank.

According to the Xinhua News Agency, James Woolsey, former CIA director, called the Obama administration's opposition to the establishment of the Asian Infrastructure Investment Bank (AIIB) a "strategic mistake."

It is hoped that India could learn a lesson from the US and adopt a more pragmatic attitude toward the OBOR, he wrote.

It should also be noted that New Delhi cannot prevent the growth of the OBOR's influence. If India wants to exclude itself from the OBOR at a time when the initiative is receiving widespread support from the global community, India will end up simply watching the rise of China's international reputation.

If New Delhi is unable to persuade other nations to abandon the OBOR, one practical approach is to get involved in the initiative in a bid to promote the development of the OBOR in a direction that is favorable to India.

China and India share a large potential for cooperation in areas such as infrastructure. If New Delhi has concerns about the CPEC as a flagship project in the OBOR, India's joining the initiative could cement its economic ties with China and possibly shift the initiative's center of gravity.

As more countries and international organizations welcome the OBOR and see joining it as an opportunity to promote economic growth, India should handle the OBOR issue more carefully. The dispute over Kashmir between India and Pakistan makes New Delhi habitually vigilant against any possibility of large-scale foreign investment flowing into the region, but it is necessary to learn to distinguish activities between normal commercial investment and ones that could violate India's sovereignty.

Both the OBOR and the CPEC are economic initiatives. Hopefully India will wake up to the benefits and adopt an open attitude toward joining the initiatives.