Partners in India-Middle East-Europe Economic Corridor will need to provide guarantees and de-risk investments, given that private investors have become risk-averse in the wake of pandemic-induced disruptions.
Jawaharlal Nehru Port, upcoming Vadhavan Port in Maharashtra, and Deendayal & Mundra ports in Gujarat could be linked to the corridor, it is learnt. Efforts on to boost capacity.
Nepal’s ambassador to India Shankar Prasad Sharma, at an ORF event in Delhi, also said the country wants to benefit from China's success, but will ‘wait and see’ on BRI execution.
India and the West began saying that the BRI was leading to debt trap among developing countries. This narrative became a success and undermined the Beijing discourse about China being an honest, sympathetic country.
India-Middle East-Europe Economic Corridor to involve India-Saudi ship transit, then rail link to UAE & likely to Jordan. Shipment will then move by sea to Turkey & further by rail.
CCP-controlled China Investment Corporation replaced Norway’s SWF as the world’s largest sovereign wealth fund. While the latter reported a loss in 2022, CIC has reported a profitable return.
President Xi Jinping’s Belt and Road Initiative & cheque-book diplomacy face real-world test of post-Covid financial distress, as nations indebted to China are confronted with default on loans.
Economic troubles have left Chinese provincial governments on a sticky wicket, leading to the slowdown of the country's ambitious Belt and Road Initiative.
Beijing's spending & investment abroad through Belt and Road Initiative has dipped by 11.77% in first half of 2022, Chinese govt data shows. Saudi Arabia became biggest recipient.
New bill aims to fix key issues with IBC 2016, including delays & patchy implementation, and protect creditors, with window for genuine promoters to retain control of their companies.
Putin sees this as a victory. Europeans have decided to deal with Trump on his terms for the sake of the larger Western alliance. We look at the lessons for us in India.
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