Bagchi stated that India firmly and consistently opposes projects in “so-called CPEC which are in Indian territory that has been illegally occupied by Pakistan.”
China and Pakistan have extended invite to “any third country” willing to be part of the multi-billion-dollar China-Pakistan Economic Corridor (CPEC) by making investment.
CPEC, a flagship project of China’s Belt and Road Initiative, is a combination of transport and energy projects that are under construction throughout Pakistan beginning in 2013. Originally valued at $47 billion, the value of CPEC projects is worth $62 billion as of 2020, according to BBC.
Amid long delays in the completion of projects under the China-Pakistan Economic Corridor (CPEC) from China Xinjiang province, which was officially launched