"Despite concerns from India, broader support has been given to the OBOR (One Belt One Road) from the international community," an article in the ruling Communist Party of China run Global Times said today.
Stating that more countries and international organisations welcome the OBOR and see joining it as an opportunity to promote economic growth, it said India should handle the OBOR issue more carefully.
Referring to a former American official terming the previous US administration's opposition to the establishment of China sponsored Asian Infrastructure Investment Bank (AIIB) a "strategic mistake," the daily said, "it is hoped that India could learn a lesson from the US and adopt a more pragmatic attitude toward the OBOR".
"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," it said.
President Xi's pet initiative, the OBOR includes a maze of connectivity projects connecting China with Euro Asia besides the neighbourhood. It includes 21st century Maritime Silk Road to connect China with different ports in the world as well as the USD 46 billion CPEC and the Bangladesh, China, India and Myanmar Economic Corridor (BCIM).
"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," the daily said.
Noting that China and India share a large potential for cooperation in areas such as infrastructure, it said, "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 centre of gravity."
However, New Delhi has backed the BCIM and actively supporting it, according to Indian officials.
"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," the daily said.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
