India rules out participation in China’s OBOR

New Delhi, May 13 India on Saturday ruled out participation in China’s mega One Belt One Road summit in Beijing, citing its objections to the $46 billion China-Pakistan Economic Corridor, that passes through Pakistan-administered Kashmir.

In a statement, a day ahead of the launch of the two-day summit in Beijing, India said that “Guided by our principled position in the matter, we have been urging China to engage in a meaningful dialogue on its connectivity initiative, ‘One Belt, One Road’ which was later renamed as ‘Belt and Road Initiative’. We are awaiting a positive response from the Chinese side.

“Regarding the so-called ‘China-Pakistan Economic Corridor’, which is being projected as the flagship project of the BRI/OBOR, the international community is well aware of Ind’a’s position. No country can accept a project that ignores its core concerns on sovereignty and territorial integrity.”
(IANS)