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...

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