India rules out participation in China s OBOR

New Delhi May 13 (IANS) 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
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