Many countries in Asia, Europe, and Africa are jumping on the Belt and Road Initiative bandwagon, but there’s one notable, nearby holdout: India.
Launched in 2013, the Belt and Road Initiative, also referred to as the Silk Road Economic Belt and the 21st Century Maritime Silk Road, promises to thrive trade and commerce in large parts of the world.
Chinese officials recently held a conference in Mumbai to introduce the idea of participation in the Belt and Road to Indian businessmen and government officials.
“The Belt and Road Initiative and the associated AIIB (Asian Infrastructure Investment Bank) fund are to foster new demand by providing effective supply,” said Liu Jinsong, deputy chief of mission at the Chinese embassy in India.
“This will be a new atomic force, and the world economy will benefit,” he said.
