Search Result for : Economic Corridor

PTI India boycotted China's high-profile Belt and Road Forum, taking its protest over a controversial economic corridor traversing through Pakistan- occupied Kashmir (PoK) to a new level despite Beijing's overtures to ensure New Delhi's participation. Following India's boycott, Pakistan Prime Minister Nawaz Sharif, taking a veiled swipe at New Delhi's move, said the multi-billion dollar China-Pakistan Economic Corridor (CPEC) was an economic project open to all the nations in the region and it "must not be politicised". No Indian official of any level was present at the elaborate opening ceremony attended by 29 heads of state and government along with top officials of the world bodies like the UN, the World Bank and the IMF. India skipped the ...

The Dollar Business Bureau  The Government assigned the Asian Development Bank (ADB) to carry a feasibility study and to prepare the Conceptual Development Plan for East Coast Economic Corridor (ECEC) that will link Kolkata in the eastern region of the country through Chennai to Tuticorin in the South.  “The Government of India gave its concurrence for engaging the ADB for carrying out feasibility study and preparing the Conceptual Development Plan for East Coast Economic Corridor (ECEC) linking Kolkata in the East through Chennai to Tuticorin in South in a phased manner, Commerce and Industry Minister Nirmala Sitharaman said in a written response in Lok Sabha on Monday. The final study on the Conceptual Development Plan for Visakhapatnam-Chennai Industrial Corridor (VCIC) has been submitted by the ADB. Master plan has started ...

PTI With an aim to boost ‘logistics efficiency’, the Centre is looking at developing economic corridors and also planning to come up with logistic parks on national highways, Parliament was informed on Monday. “Ministry of Road Transport and Highways got a study conducted on logistics efficiency enhancement. The report has made several recommendations including, inter alia, development of economic corridors, feeder routes and removal of choke points, along with development of logistics parks on national highways,” Minister of State for Highways Mansukh Lal Mandavia told the Rajya Sabha in a written reply on Monday. He said the recommendations have been accepted and the work of developing logistics parks at identified locations in partnership with state governments has been entrusted to National Highways Authority ...

Source: PTI As China went ahead with its economic corridor project with Pakistan through PoK disregarding India's objections, a Chinese think tank in a rare criticism on Wednesday cautioned the government to exercise "prudence" in pushing Silk Road projects. In an article titled “China must tread lightly with its 'one belt, one road' initiative” in the South China Morning Post on Wednesday, Shi Yinhong, a professor of international relations and strategic studies at China's Renmin University specially referred to the Bangladesh-China-India-Myanmar Economic Corridor (BCIM), the China-Pakistan Economic Corridor (CPEC) and the Maritime Silk Road (MSR). “Above all, prudence is required in dealing with the problems that may arise during the initiative, as well as with regard to other strategic projects including ...

Source: PTI   China has proposed a trilateral economic corridor with India through Nepal and a railway line linking the three nations via Tibet besides undertaking joint reconstruction projects to rebuild quake-hit Nepal. The India-Nepal-China Corridor is a major initiative to promote the connectivity in the region especially between China and India and help quake-ravaged Nepal, said Huang Xilian, Deputy Director General of the Asian Affairs Department of the Chinese Foreign Ministry. The proposal mooted by China during Prime Minister Narendra Modi's visit here in May was received positively by him, Huang told Indian correspondents here yesterday. The proposal was discussed in the recent meeting between External Affairs Minister Sushma Swaraj and his Chinese counterpart Wang Yi on the sidelines of an international ...

The Dollar Business Bureau   India, on Wednesday, expressed its stand on the US$ 46 billion Pakistan-China economic corridor and also stressed on the need to remove misperception in order to ensure cordial relations between India and Pakistan. A statement, in this regard, was made by the Indian High Commissioner to Pakistan T C A Raghavan, in his address at the Khyber Pakhtunkhwa Chamber of Commerce and Industry (KPCC) meeting in Peshawar on Wednesday. “India is not worried over the US$ 46 billion Pakistan-China economic corridor, as an economically strong Pakistan will bring in regional stability,” said the Indian envoy in his address at the meeting, say the reports. Highlighting the need to restore mutual relations between India and ...