China Ready To Adjust CPEC If India Joins OBOR Initiative?

15 industrial units of food processing textile and marble will be setup in the zone

15 industrial units of food processing textile and marble will be setup in the zone

The Chinese foreign ministry on Thursday hinted that it might want its ambassador in India, Luo Zhaohui- who had suggested that China might rename the China-Pakistan Economic Corridor (CPEC)- to negotiate with India regarding its participation in One Belt One Road Initiative (OBOR).

The official said the $3.5 billion Karachi Circular Railway (KCR) project was also unlikely to be cleared for inclusion in the CPEC at this stage because of some unsettled issues between the two countries. The ambassador had responded to this, saying China could change the name and also create an alternative corridor through Jammu and Kashmir, Nathu La pass and Nepal to resolve India's issues with the Chinese plans.

The CPEC - comprising highway, rail and energy projects broadly along what was once called the Silk Route - is part of the OBOR and runs through Pakistan Occupied Kashmir, to which India has raised strong objections. China wanted in return that India joins its One Belt One Road initiative. This appreciable decision taken by the federal cabinet while reviewing progress on CPEC projects under chairmanship of Prime Minister Shahid Khaqan Abbasi in Islamabad the other day will certainly remove the apprehensions in the minds of Pakistani investors owing to persistent reports in the media that only Chinese investors will be making investment in these economic zones. The ministry also ensured that talks consideration with New Delhi does not affect its relationship with Pakistan, according to Times of India reports.

Luo Zhaohui, in his address to the United Services Institution (USI) in New Delhi on May 5, had presented similar views of an alternate corridor. The transcript of his address was put up on the Chinese Embassy's website.

Both the sides, however, chose to move ahead despite hurdles and finance at least three special economic/industrial zones (SEZs) and some important rail, electricity and road projects. The deleted portions, however, kept showing up in Google's cached pages.

India is resolutely opposed to the OBOR initiative.

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