India has also made major preparations to cut China’s Belt and Road Initiative. The Ministry of External Affairs has launched the Trilateral Development Corporation (TDC) fund. Through this, there is a preparation to invest extensively in the Indian-Pacific Ocean region. The special thing is that the government is also going to involve private sector companies in this project. Together with these companies, the government will also make big investments. Apart from the Indo-Pacific region, investments will be made through this fund in other regions as well. Let us tell you that China has made a plan to go to Europe via Pakistan, Afghanistan through BRI project. Under this, he is preparing the China-Pakistan Economic Corridor, on which India had objected.
This corridor passes through Pakistan Occupied Kashmir, which India considers its part. According to the Economic Times report, India has launched the India Global Innovation Partnership in collaboration with the UK on Friday. This is also believed to be part of the government’s TDC fund. This project has been launched in the presence of PM Narendra Modi and Boris Johnson. It is being said that India will work closely with Japan, Germany, France and the European Union through the TDC fund. The investment from India in the Global Innovation Partnership will be done through TDC Fund.
Not only this, investment will be done in Africa, Asia and Indo-Pacific through GIP. Investment will be increased especially in those places where Indian companies have already been investing. It is worth mentioning that PM Narendra Modi has often been reiterating that Indian startups should invest internationally. It is believed that this goal can be easily achieved through GIP. The Ministry of External Affairs was considering such a project for a long time, under which Indian companies could be encouraged to invest abroad. Investments in 60 locations in India will be supported through Global Innovation Partnerships, which have been done in third world countries.
Countries are afraid of China’s debt, India will give a new message
Significantly, there is now a hesitation in many countries to join China’s Belt and Road Initiative. Due to the debt of countries like Pakistan and Sri Lanka, other countries are avoiding investment of Dragon. Apart from this, many countries are also concerned about the imperialist expansion of China through economic activities.