India: the speedbump in One Belt, One Road

While its neighbours embrace the initiative, India is one of the few nations opposing the China-led Belt and Road push. That is bad news for cross-border dealmakers.

China's One Belt, One Road initiative Obor, has emerged as a major force for promotion of cross-border investment since it was announced in 2013.

Thailand has drawn up a design for a Bangkok to Kunming high-speed railway Laos has started constructing a rail line connecting Vientiane to southern China and not to mention Pakistan, perhaps the largest beneficiary of Obor so far with the China-Pakistan Economic Corridor Cpec at its core.

But one big nation is refusing to get on the road with this ambitious project.

In a widely-published statement last month, India's former foreign secretary, Kanwal Sibal, said his country should ignore...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222