"Recent initiatives by India or supported by India are a testimony to our approach towards this evolution of common approach for a shared prosperity. We understand that our economic development needs secure environment, peaceful neighbourhood and an open and stable trading system," said Sahasrabuddhe.
He was addressing an International Conference of Asian political parties special conference on Silk Route here.
According to a statement released by the BJP, he further said India's approach is determined by the imperatives of the globalised world, which is also rooted in its inheritance of a timeless tradition of intellectual and economic engagement through peaceful co-existence.
"Our stand on UN reforms also emanates from this realisation that unless bodies like UN recognise the ground transformations, functioning of such bodies may remain confined to only symbolic importance," he said.
At the same time, any new initiative with international ramifications also require a structured process of evolution, democratic decision-making and an uncompromisingly participative approach at every level, Sahasrabuddhe added.
Referring to 'One Belt and One Road' (OBOR), the BJP vice president said that the involvement of multiple stakeholders at every level is a must for its seamless implementation.
The ambitious initiative involving billions of dollars in investment was mooted by Chinese President Xi Jinping in 2013.
India has already made it clear that it views OBOR as the one designed by Beijing in pursuit of its own strategic objectives, but not as an inclusive one in which opinions of other "interested or affected" countries had not been taken into account.
"Cultivating a sense of ownership in the minds of people towards such projects, we believe; is an indisputable pre- requisite," Sahasrabuddhe said.
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