You’ve
probably heard of the Silk Road, the ancient trade route that once ran between
China, India and the West during the days of the Roman Empire and now it’s
being resurrected. A brand new double trade corridor is being set up to reopen
channels between China, Central Asia, the Middle East and Europe.
It is a $900 billion scheme and China is ready to kindle “new era of
globalization”. China is Developing Global Economic Corridor with Many
Countries on this route as well as connectivity through High Speed Rail Network
for Transportation from Western China to Europe. China has also a Vision for
21st Century Maritime Silk Route from Eastern China to Europe through
Asia-Pacific and Africa. China will lend as much as $8 trillion for
infrastructure in 65 countries.
v Why
is China doing So ?
China is Global Manufacturing Hub, It has vast Industrial overcapacity
for Manufacturing and that is also one of the reason for slowing down growth of
Chinese Economy Gradually. This Project will open New Global Market and also
Cuts down the Transportation cost & Time for China. The country has geopolitical intentions and want to influence the
poorer Countries to achieve the Goal of new Global Super Power Status.
“Gwadar port is significantly located alongside the
maritime routes for oil supplies to India from the Persian Gulf. China’s
Maritime Silk Route, which complements the "One belt, One Road" (OBOR),
traverses India’s shores in the Indian Ocean, from the Straits of Malacca to
the Gulf of Aden. Most of the Part of
China-Pakistan Economic Corridor is Passing through the Balochistan Province of
Pakistan. Gwadar is the Key Location for China for OBOR. PM Modi has tactically
played the Baloch Card during his Independence Day Speech.
China is evidently seeking to surround India with a “string
of pearls”, comprising base facilities in Kyaukpyu in Myanmar, Hambantota in
Sri Lanka, Gwadar in Pakistan, Mombasa in Kenya and Djibouti in the Gulf of
Aden.
That is Why India has
opposed the China-Pakistan Economic Corridor and remained absent in "One
belt, One Road" Meetings. It is now time for India to work with Japan, the
US and the EU to actively promote alternatives to Chinese economic exploitation
in Asia and Africa. The US has meanwhile renewed its proposal for a ‘New Silk
Route’ across Asia, which India had welcomed.
Finally, India and Japan should jointly build a
transportation and industrial corridor to the shores of East Africa, where
Modi’s visits have set the stage for expanding economic, industrial and energy
cooperation, across the Indian Ocean. Indo-Iran deal to develop the strategic Chabahar Port is part of India’s
“larger geo-strategic calculations” to gain access to the Middle East and
Central Asia and to counter Pakistan—China’s plan to develop Gwadar port.
India,
Russia, and Iran are busy at work putting together the North-South Transport
Corridor (NSTC), a multimodal route that goes from the west coast of India all
the way to St. Petersburg, Russia. India’s Prime Minister Modi unveiled a vision to counter
the international ambitions of China by joining Hands to Japan and cobbled together
by a crew of think tanks comes something dubbed the Asia-Africa Growth Corridor
(AAGC). This Project can be an obvious Opportunity for China but a
Sure Trap for Smaller Countries.
Compilation From :
No comments:
Post a Comment