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India should work with China on OBOR for its own economic benefit

India should work with China on OBOR for its own economic benefit

India should work with China on OBOR for its own economic benefit

President Xi Jinping has just received a mega show to sell the Eurasian connectivity scheme in China, called One Belt One Road (OBOR) or Belt Road Initiative (BRI). Presidents were presidents and prime ministers and leaders from other regions of the world and, most surprisingly, from our neighbors.
If you feel that India has been isolated in your boycott of the meeting, do not be mistaken. But this was a preventable injury. The basis of New Delhi’s rigid opposition to OBOR has never been very clear. Speaking at the Raisina Dialogue in March 2016, Foreign Minister S Jaishankar implicitly criticized China for creating connectivity without a “consultative process” and wiring options for its participants.
Subsequently, New Delhi raised the issue of the Chinese-Pakistani economic corridor (CPEC) passing through POK. Last week, official Gopal Bagley said that “no country can accept a project that ignores its central concerns about sovereignty and territorial integrity.”
But it was more as a pretext to oppose OBOR than anything else; India never seriously sought the return of Gilgit-Baltistan and wanted the LoC to be an international frontier. In fact, a lot of wiring is already done. 2017 will see more than 2,000 (estimated) trains from a dozen Chinese cities to more than 20 European destinations on new lines and tunnels in Central Asia. Pipelines and railroads have already changed the economic direction of the region from Russia to China. Southeast Asia is undergoing a similar process with new railway lines extending beyond traditional sea routes. In the Indian Ocean region (IOR), Chinese companies have built, are under construction and in many cases operate ports in (Kyaukpyu) Myanmar, (Hambantota) Sri Lanka, (Gwadar) Pakistan, (Bagamoyo) Tanzania, (Lamu) Kenya. As part of this, China has also made strategic investments in Central and Eastern Europe.
It is important to understand what OBOR is and what it is not. Its main objective is to integrate the rich European economy with that of China, not with the CPEC and Pakistan, which are only minor aspects of the ambitious plan.
The short-term objective is for China to become the dominant regional power in its neighborhood, where it is already the main economic presence. In addition, there is an obligation to protect Chinese maritime trade, especially oil, in the IOR.
India lacks resources to meet China’s ambitious plans for Eurasia but is directly affected by the Chinese money being poured into its neighborhood and the sharp rise in Chinese naval activity in the IOR since 2014 Beijing established a base in Djibouti and you You can make sure that Gwadar, Ship Installation in all but the name. And that is just the beginning.