Table of Contents
What is the purpose of OBOR?
The objectives of the OBOR strategy are to promote economic prosperity of the countries along the belt and road and regional economic cooperation, to strengthen exchanges and mutual learning between different civilizations, and to promote world peace and development.
Is OBOR and Cpec same?
The China-Pakistan Economic Corridor (CPEC) is part of China’s “One Belt, One Road (OBOR)” initiative. OBOR’s vision encompasses a geographical region that extends from the Baltics in Europe to Southeast Asia and from China to Africa. The focus of CPEC is on a series of energy and infrastructure projects.
Why India should join OBOR project give reasons?
Through OBOR project India will get access to more business in an environment which promote friendly reforms. Some analysts feel that countries like Russia and others in SCO would want Indian participation in OBOR as a counterweight to Chinese influence.
Why is India against CPEC?
India has repeatedly registered its protests over CPEC, the flagship project of China’s Belt and Road Initiative (BRI), saying it is in violation of its sovereignty as it passes through Pakistan-occupied Kashmir (PoK) – Indian Territory illegally occupied by Pakistan.
Why is India not part of BRI?
India has repeatedly said it will not join BRI because it does not offer a level playing ground to the country’s businesses. It has also opposed BRI because a key component – the China-Pakistan Economic Corridor (CPEC) – passes through PoK.
Should India join BRI Quora?
It is not necessary for any country to join BRI, unless you are talking about BRI funds like AIIB and the Silk Road Fund. This is because BRI is more of a concept rather than a directive. China doesn’t have and do not need to give instruction to launch projects.
What is India’s position regarding One Belt One Road (OBOR)?
India’s position regarding One Belt One Road. India is opposed to Chinese One Belt One Road (OBOR) initiative since the China-Pakistan Economic Corridor (CPEC) passes through the Indian territory. Indian government stated that the connectivity cannot undermine the sovereignty of other nations.
How can India benefit from the OBOR Initiative?
There may emerge mutually beneficial swap where India protecting Chinese interests in the Indian Ocean and China securing India’s essential undertakings in their part of the waters. Regional transport, energy security, and blue economy are key to OBOR initiative which will be helpful for India.
Can India stop China’s ‘China Initiative’?
India will not be able to stop China in carrying on this initiative nor can it stop its neighbours from joining this initiative. So whether India joins this initiative or not, the project will take place and not join may harm India’s interests.
Why is China’s Obor project important?
While China insists that the investment in OBOR is economically motivated and it will bring economic benefits to host countries but the project is multi-prolonged and is intended to serve diplomatic, economic and strategic purposes. It is also intended to address its domestic needs in economic transformation.