7 July. A Round
Table Discussion titled ‘One Belt One Road (OBOR): Indian amidst a conundrum'
was organized at ADRI on Friday. The main speakers were Mr. Rajeev Ranjan
Chaturvedy, Research Associate, Institute of South Asian Studies-National
University of Singapore, and Ambassador Dilip Sinha, Ex-Indian Foreign Service.
Talking about the
ambitious Chinese project, Chaturvedy said "there might be more to OBOR than we
actually come across through various media reports. Issues like Blue Economy as
rolled out by the current government in India are very important in the context
of OBOR." Hinting at the current developing scenario between India and China,
Chaturvedy said "India will just not tolerate (any aggression) this time, it's
indeed very different." He added: "the OBOR initiative is not a conundrum for
India, but many foreign policy analysts do have reasons to look it this way, at
times. India not joining OBOR or participating in its meetings might be a push
factor for the current stand-off between the two countries."
Talking about his views
on OBOR, Ambassador Sinha said "China has disputes with more than 20 countries
and the Chinese currency, RMB (Reminbi), is still a currency that doesn't hold
as much trust as a US Dollar." So, according to Sinha, there are serious doubts
about OBOR being a successful venture. He added that "China-financed projects
in Kenya and Sri Lanka are resulting into the latter two countries falling in a
massive debt trap. Even the other beneficiaries like Indonesia are forced to
negotiate terms and conditions of Chinese loans for building infrastructure in
their countries." He apprehended that all these are leading countries in Asia
and Africa to rethinking their strategies vis-a-vis
of trade bodies and local intelligentsia were present on the occasion and included
KPS Keshri and AKP Sinha. Ramapati Kumar from CEED and AM Prasad were also
present on the occasion. Pradeep K Chaudhary from the Bihar State Higher Education
Council (BSHEC) was also present and participated in the discussion.
Dr. Shaibal Gupta
welcomed the guests and Professor Prabhat P Ghosh paid the vote of thanks on