US revives infra projects in Asia with India as key player to counter China’s OBOR

US revives infra projects in Asia with India as key player to counter China’s OBOR

In a move that could potentially counter China’s Belt and Road initiative, the United States revived two major infrastructure projects in South and Southeast Asia, the ‘New Silk Road’ project, and the Indo-Pacific Economic Corridor. India is involved in both projects as a major player. An outline of the two initiatives, which were made available in the Trump administration’s maiden annual budget on Tuesday, indicated that the NSR initiative would be a public-private project with India as a key player. Read more

Credits:indianexpress.com

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