Monday, May 15, 2017

China's Belt and Road Initiative Conference at Beijing ( 14 and 15 May 2017) that India did not attend. Bhutan shied away as usual.

India is a member of AIIB ( Asian Infrastructure Investment Bank and NDB ( New Development Bank). However, India  did not participate in this mammoth China conference on Belt and Road Initiative. It is said that over 120 nations and international organisations including Heads of UNO, WTO and IMF attended the Conference. India's reluctance to attend is to do with Chinese investment ( some 54 billion dollars ) in Pakistan side of Jammu Kashmir which India interprets as offence to Indian sovereignty over whole of Jammu Kashmir region.

All other SAARC nations except Bhutan attended the conference and they are also members of AIIB. The China promoted Belt and Road Initiative is welcomed by almost all nations including America, all East and West European nations, Japan, two Koreas and Russia. The ASEAN countries and African nations are enthusiastic participants. This initiative is to bring the countries of Africa, Asia and Europe closer through trade and economic linkages.

China is promoting in a modern way,  the old silk routes both overland and over the sea. It is considered an ambitious giant economic venture that will transform world approach to economic, trade and social progress. It could very well even change the political landscape.  The initiative would generate an investmrnt of over one trillion dollars. No nation would want to be left out as it could very well bring about a new World economic order. America which was initially reluctant, has had to  change her stance in the last minute because she had much to lose if isolated. 

Maybe India, too, will have to reconsider her present stance in view of the vast economic opportunities. India like America just cannot exclude herself from all the rest who are actively participating.  BBIN was in a way a small effort by India to hinder China's 3 Continents trade and economic plan. Until recently India had American support but the Super Power has undergone a change of heart and now favours the Chinese land and maritime silk route ventures.

Participants from Europe, America and some international organisations have asked for more clarity and transparency. The President of China may have done just that in his addresses to over 1200 delegates including 29 Heads of State and Government attending the Conference .

America and Western European nations could be seeking opportunities for their own Corporations without actually making financial investment from their respective national coffers. However, China and her national companies are undertaking huge projects in many countries under this umbrella and building sea ports, airports, railways, roads, bridges and developing industrial zones. A major portion of investments in these giant development projects are funded by China. Most Asian and African nations are grateful to China for  successfully taking up projects that other developed nations and international banks had refused to fund. Chinese Companies are reputed to execute huge projects within project time frame and with excellent quality. In that way both China and the host nations benefit.

So it is quite a different scenario from that of our  own Indo- Bhutan hydro projects and especially not like the Chukka-  Damchu 29 Km length bypass motor road under construction by the Indian national military wing DANTAK for almost a decade. Maybe that explains the absence of India and  Bhutan at the  Beijing conference. With the the kinds of delays and cost escalations that we are suffering in both motor roads  and hydro projects, it is just not possible to stomach the goals of One Belt and One Road Initiatives that span across 3 Continents. Om Mani Pedmi Hung to that phobia.

4 comments:

  1. An initiative so bold and so visionary from a great leader like Mr. Xi, president of China. But India playing politics again by not taking part in that meeting. India has always been like that - reason why her economy is not even one fifth of China's. But how about Bhutan? Why were we not in that meeting? India's pressure, I suspect. Neither has Bhutan joined as founding members of the AIIB, another initiative of China.
    We are missing the train. Our leaders are too weak to put our national interest before India's. So signs are that, Bhutan doesn't stand much chance in furthering the country's economic development and international relations if we are to follow the orders from New Delhi as our govt seems to have been doing so far.

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  2. How long our country will remain under Indian control compromising the soverginity.

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  3. We don't have any visions and missions. India sets vision and mission for us. We are already in India's trap and don't have any choices other than to obey our masters in Delhi.

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  4. If China and the other participating countries can pull this off this will truly be a game changer. There are palpable excitements on the ground. Looks like India is going to miss the development boat, again.

    https://www.youtube.com/watch?v=jON4UwwKdtU&t=1207s

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