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Time of India
24-07-2025
- Business
- Time of India
India 'consistently protested' inclusion of CPEC as flagship project of China's OBOR: Govt tells Parliament
India has "consistently protested" to parties concerned over the inclusion of China-Pakistan Economic Corridor ( CPEC ) as a flagship project of China's One Belt One Road ( OBOR ), and asked them to cease these activities, the Centre informed Parliament on Thursday. CPEC, a major bilateral infrastructure and development project between China and Pakistan, passes through Pakistan-occupied Kashmir. This project is a part of the OBOR initiative, now renamed the Belt and Road Initiative (BRI), which is aimed at developing new trade routes between China and the rest of the world. Explore courses from Top Institutes in Please select course: Select a Course Category Healthcare PGDM Leadership Management Others Public Policy Project Management Artificial Intelligence Data Analytics Cybersecurity Design Thinking others Digital Marketing healthcare Product Management Data Science MBA Finance MCA Data Science Technology CXO Skills you'll gain: Financial Analysis in Healthcare Financial Management & Investing Strategic Management in Healthcare Process Design & Analysis Duration: 12 Weeks Indian School of Business Certificate Program in Healthcare Management Starts on Jun 13, 2024 Get Details The Ministry of External Affairs was asked whether a meeting was held between Pakistan, China and Afghanistan in the fourth week of May 2025, and if it is also a fact that there was a "discussion" on expanding CPEC to Afghanistan. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like How Much Does It Cost to Rent a Private Jet - The Prices May Surprise You! Private Jet I Search Ads Learn More Undo In a written response to the query in the Rajya Sabha, Minister of State for External Affairs Kirti Vardhan Singh said the government of India is "aware of a China-Pakistan-Afghanistan meeting held in Beijing, China on 21 May 2025". "Government's position on CPEC is clear and consistent. Government has consistently protested to parties concerned over the inclusion of the so-called 'China-Pakistan Economic Corridor ( CPEC )', which passes through parts of the Indian Union Territories of Ladakh and Jammu & Kashmir under illegal occupation of Pakistan, as a flagship project of 'OBOR/BRI' and asked them to cease these activities," the MoS said. Live Events "Any proposed participation of third countries or expansion of the so-called CPEC projects to third countries is unacceptable. Government has consistently conveyed this position to relevant parties," he said. Singh added that the Indian government keeps a "constant watch" on all developments having a bearing on India's security and takes all necessary measures to safeguard it.
Time of India
24-07-2025
- Business
- Time of India
'Constant watch on all developments': India slams China-Pakistan-Afghanistan meet, says CPEC expansion 'unacceptable'
NEW DELHI: The government on Wednesday reiterated its strong objection to the China-Pakistan Economic Corridor ( ) and termed any expansion or third-party involvement in the project "unacceptable." Tired of too many ads? go ad free now In a written reply in the Rajya Sabha, minister of state for external affairs Kirti Vardhan Singh confirmed that the Government of India is aware of a recent trilateral meeting between China, Pakistan, and Afghanistan held in Beijing. India-Pak Clash At UN Security Council: Cross-Border Terrorism Charge Triggers Diplomatic Firestorm "The government's position on CPEC is clear and consistent. We have consistently protested to the concerned parties over the inclusion of the so-called CPEC as a flagship project of One Belt One Road/ Belt and Road Initiative (OBOR/BRI), as it passes through parts of the Indian Union Territories of Ladakh and Jammu & Kashmir under illegal occupation by Pakistan," Singh said. On recent involvement of Afghanistan, Singh stressed that India has categorically opposed any proposed participation of third countries in the CPEC and has communicated its objections to the concerned parties. "Any proposed participation of third countries or expansion of the so-called CPEC projects to third countries is unacceptable. The government has consistently conveyed this position,' Singh reiterated. The minister also stated that India keeps a constant watch on all foreign developments that could impact its security and takes "all necessary measures" to safeguard its sovereignty and territorial integrity.
India.com
12-06-2025
- Business
- India.com
World's most expensive project is worth Rs...., it is not Dubai's Burj Khalifa, the project is...
World's most expensive project is worth Rs...., it is not Dubai's Burj Khalifa, the project is... From connecting biggest rivers to constructing modern Silk Route to setting up international space station – there are projects whose estimated cost take breath away from you. With an aim to connect some of the biggest rivers of the country and to curtail floods and droughts., Prime Minister Narendra Modi had begun ambitious plan to connect some of the biggest rivers of the country. The cost was pegged at $87 billion or Rs 8,700 crores. Belt and Road Initiative (BRI) aka One Belt One Road (OBOR) in China is estimated to be $900 billion or Rs 77,19,300 crores. It is Chinese President Xi Jinping's grand dream of a modern Silk Route. The plan, announced in 2013, aims to link several Asian countries and even parts of Europe with roads, railway and waterways. The idea is to facilitate free trade so that all countries benefit. International Space Station is being planned to be built at a cost of $150 billion or Rs 12,86,550 crores. It basically making a home for the scientists in the space. Scientists live there for months conducting research, experiments and increasingly, enjoying mundane earthly joys such as watching World Cup football. Bathroom facilities are still not great, though. When Peggy Whitson, who returned to earth recently after a record-breaking 665 days (not consecutive), said the two things she most missed were pizza and flush toilets. The project was launched in 1998. London Crossrail Project aka Elizabeth Line in United Kingdom at a cost of $23 billion. London is expanding its underground t rain system. New tunnels and tracks, which together are 73 miles long, have been built to connect 40 stations. The work started in 2012 and is proceeding smoothly, for the most part. The project was named after Queen Elizabeth in 2016. The California High-speed Rail is a train network in California, which will link San Francisco to the Los Angeles basin. The 560 km trip — which takes close to six hours by road — will be done in a less than three hours on the proposed high-speed train. The cost is pegged at $70 billion and is expected to end by 2029.
Gulf Insider
27-05-2025
- Business
- Gulf Insider
Iran, China Launch New Commercial Railway
A new commercial rail route connecting China to Iran has officially launched with the arrival of the first cargo train from the eastern Chinese city of Xian at the Aprin dry port near Tehran. Aprin's CEO highlighted the port's strategic role in lowering transport costs and reducing reliance on coastal freight hubs. Railway infrastructure connecting Iran and China allows freight trains to travel from Shanghai to Tehran in 15 days, compared to 30 days via the maritime route. On May 12, railway officials from Iran, China, Kazakhstan, Uzbekistan, Turkmenistan, and Turkiye met in Tehran to advance a transcontinental rail network linking Asia to Europe, Tasnim News Agency reported on May 25. The six nations agreed on competitive tariffs and operational standards to streamline regional rail services and boost trade connectivity. China and Iran have expanded trade and economic relations in recent years, as Tehran seeks to bypass US economic sanctions seeking to strangle its economy and oil exports. The rail line between the two countries enables Iranian oil exports to China and allows Chinese goods to reach Europe without US naval interference. In 2018, Iranian Supreme Leader Ali Khamenei stated that Iran should look to the east rather than the west. Since that time, China has become Iran's largest oil purchaser, while Beijing has been able to supply Tehran with virtually all its needed manufactured goods, including electronics such as computers and cell phones. The following year, Iran joined China's 'One Belt One Road' (BRI) initiative – President Xi Jinping's hallmark strategic foreign policy initiative, seeking to recreate the economic ties that existed between ancient China and ancient Persia along the 'Silk Road' dating back to the third century BCE. This ain't an ordinary freight train. It traveled all the way from China, went through 4 other countries, and is finally reaching Ancient Silk Road being reborn!China and Iran are not afraid of US sanctions. The focus is trade, connectivity & development.#BRI — S.L. Kanthan (@Kanthan2030) May 26, 2025 China and Iran signed a historic 25-year economic cooperation agreement in 2021, reportedly worth $400 billion in trade. In 2023, China's growing relations with Iran helped it mediate a Saudi–Iranian rapprochement, which led to the resumption of diplomatic relations that had been cut in 2016. Also read: Iran Issues Surprisingly Optimistic Statement After Latest US Nuclear Talks
HKFP
21-05-2025
- Business
- HKFP
Hong Kong exports up in first quarter amid businesses' preemptive moves to beat US tariffs, minister says
Hong Kong's exports rose in the first quarter of this year, as businesses raced to preempt US tariffs before they came into force, the city's transport and logistics minister has said. Mable Chan, secretary for transport and logistics, said during a legislative meeting on Wednesday that Hong Kong's air exports rose by 3.2 per cent year-on-year to 1.16 million tonnes in the first quarter of 2025, while sea exports increased by 2.7 per cent year-on-year to about 3.4 million standard containers in the same period. 'We believe the increases were largely due to businesses rushing to ship their products before the so-called 'reciprocal tariffs' came into effect,' Chan told lawmakers in Cantonese. China 'has recently reached an agreement with the US that both countries will slash tariffs for 90 days. We believe businesses will also try to ship their goods in this period,' she added. 'But we do not expect the increases [in total exports] to last.' US President Donald Trump imposed 'reciprocal tariffs' on around 90 trading partners in April, hitting China the hardest. Hong Kong, a former British colony that has long been considered a free trade hub, found itself caught in the crossfire of the US-China trade war. The city's officials have called the US policy 'bullying' tactics, but have also vowed not to impose retaliatory tariffs. After weeks of tit-for-tat moves, the US and China agreed earlier this month to lower tariffs for 90 days, reducing their triple-digit duties by 115 percentage points. The US reduced its levies on Chinese imports to 30 per cent from the previous 145 per cent, while China's duties on US imports dropped to 10 per cent, from 125 per cent. Chan's remarks were in response to lawmaker Frankie Yick, who asked whether the government had assessed the impact of the US-China trade war on Hong Kong and whether it had measures to support the city's logistics sector. Chan said the government would closely monitor the development and provide assistance to the local logistics sector. The government is also exploring other markets to reduce the city's reliance on the US, she added. Those markets include the Middle East, Southeast Asia, countries participating in China's One Belt One Road initiative, and cities in the Greater Bay Area, she said.
