外文标题：Plan for economic corridor linking India to China approved
BEIJING: India on Thursday put its stamp of approval on a plan to build an economic corridor from Kunming city in China to Kolkata. The multi-modal corridor will be the first expressway between India and China and will pass through Myanmar and Bangladesh.
The Bangladesh-China-India-Myanmar (BCIM) economic corridor project envisages three major linkages of transport, energy and telecommunication networks. The four countries have agreed to build and encourage road, rail, air and waterways connecting each other besides laying power transmission and oil pipelines.
The corridor will "harness the economic complementarities, promote investment and trade and facilitate people-to-people contacts," the four countries said in a joint statement. The corridor plan has been discussed since 2009.
China has been pushing for building the corridor because it offers Chinese companies major opportunities to obtain infrastructure building contracts. A major challenge for Indian diplomacy and business is to obtain a part of the business in Bangladesh and Myanmar for Indian companies.
The corridor will "promote greater participation of public and private sector towards facilitating intra-regional investments," the agreement said. This would also include trade-facilitation measures for flow of goods and services along the corridor.
"The corridor will form a thriving economic belt that will promote common development of areas along the corridor," the statement said.
Besides Kunming in China's Yunnan province, the corridor will pass through Mandalay in Myanmar and Bangladeshi cities of Dhaka and Chittagong before entering West Bengal and ending in Kolkata.
Officials of the four countries are also looking at developing a "BCIM tourism circle" in the region to enhance people-to-people contacts, Nag Kakanur, India's consul general in China's Guangzhou, said.
The four countries also agreed to encourage greater cooperation and exchanges in the BCIM region in the areas of education, sports and science and technology. They also agreed to study the best practices adopted by similar projects like the Mekong Valley project.
china wants this so it can penetrate deeper into markets to sell its wares . expect local manufacturers to be decimated. china had done similar models in african countries where by pushing cheap products have killed off local manufacturing. in some parts there are alreadt anti-china movements.
Maheshpal Vadhera ()
The project appears to be good on paper. How far will it help Indian exports will define its usefulness or otherwise. let us give it a chance.
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rk ny (Location)
..BCIM corridor will only improve trade and cooperation between nations india china myanmar and bangladesh..!!.this is good news for not only india and china but the two smaller nations of myanmar and bangladesh..they can hope for better economic future..!!
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Ravindra Dixit (Mumbai)
A good idea, but bite the bullet with care
Debjyoti Chakraborty (Hyderabad, Andhra Pradesh)
As far as road connectivity is concerned, this is completely to chinese advantage. They are building merchandize supply lines into myanmar and bangladesh. They want to continue their marketing performance of manufacturing industries to sustain revenue earning capabilities. Bangladesh, Myanmar and India will now be flooded with chinese goods. India is already having a tough time controlling the influx of chinese goods. Our merchants may not be able to take advantage of this corridor. It does not say here, what was the distinct advantage for Indian merchants wherein there will be competition they will be able to handle.
girishck2005 k ()
A great idea to bond the people of different countries together. There is plenty to exchange, not only in trade and commerce.
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Drs Sears Appalswamy (Breda, Netherlands)
The best news for the people of the 4 countires. After many years of pain and suffering the people of Europe are united more than ever. They have developed excllent transport, communication and trade infrastructure. nda and China can also achieve this. India and China would be the major players in the world economy in the next few years. Atlast we have co-operation between the 4 countires. The man of the street in the 4 countries would be the beneficaries. I congratualte all the polciy makers in the 4 mentioned countries for this pact. Companies from all 4 countires should divide the contracts for building the infrastruce projects. Jai Hind
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This move will help China a lot but will do little or none for India. Because, India has become extremely dependent on China for every thing as rest of the World. When we have plenty technical & non-technical man-power in India we still unable to beat China because of red-tapism, corruption, political bossism and poor infrastructure. We have started importing everything from China including some food items that are cheap and un-healthy.
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Amit Tyagi (Pennsylvania, USA) replies to Veejay
The country who has bigger economy will get more advantage in start. No doubt China will be benefitted more than other 3. But when it will be ready it will provide an easy and inexpensive commute of goods and all stuffs between these countries. Other point is that we cannot stop all development due to corrupt politics in our country. High level corruption is everywhere. We suffer of corruption in day to day life due to bureaucracy but some where we all are responsible of it.
Here it comes! (Sub-asia)
Look! Here it comes... along the corridor...the PLA train! It carries many soldiers to victory in Asia.
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With current aggression of china looks like it will be the only country to benefit from this and rest will be a dumping yard for china
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RoyChang2013 (India) replies to MB
Indian is one of the most intelligent and highest IQ race in the world, see how they perform well as senior management in world multinational giant companies and IT sector, you should not afraid of any competition. Poor infrastructure in India because Indian's land is private and any big project have to face demand of huge compensation. Actually Indian now is more socialism than China, you have free education, free medical service, now food security bill etc.. Indian government spend too much money in social security not in development.
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Hopefully India can take advantage of the opportunities that this new road will open up; more immediately, hopefully India can actually partake in building the road.
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