IndexAdvantages for ChinaAdvantages for the positionWhat are India's concerns?The summit presented representatives with China's plans to build a trading route community under the only Belt, One Street initiative of the 57 collaborating countries. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get Original EssayAs a founding member of the Asian Infrastructure Financing Financial Institution (AIIB), which is a financial arm of OBOR, India is expected to participate within the summit. but he boycotted the summit by raising three issues, which could be related to sovereignty, tactics and management. While boycotting the OBOR, India said, “No American can be given any office that ignores his core concerns of sovereignty and territorial integrity.” In this context, it is very pertinent to understand the potential of a Belt One Street initiative, its scope, its benefits and the reasons behind India's concerns over OBOR. China boycotted the One Belt One Street summit in Beijing. What is the One Belt, One Road initiative? For the first time, on March 28, 2015, China's major monetary plan employer, the National Development and Reform Commission (NDRC), launched an action plan for One Belt One Street Summit. The Belt, One Street initiative aims first and foremost to establish new routes connecting three continents: Asia, Europe and Africa by 2049. As the One Belt, One Road call indicates, the initiative has components: the Silk Avenue Economic Belt and the 21st Century Maritime Silk Road. Silk Road Financial Belt (SREB): Seeks to connect China to Europe by cutting through mountainous areas within the Central Asian region. The phrase Belt refers to a planned community of land roads and rail routes, oil and natural gas pipelines, and other infrastructure initiatives. This community extends from Xi'an in vital China, across crucial Asia, and eventually reaches Moscow, Rotterdam and Venice. Its focus is simultaneously on building a brand new Eurasian land bridge and growing the China-Mongolia-Russia, Asia-West Asia and China-Indochina Peninsula economic corridors, taking advantage of international sea routes, even if the corridor China-Pakistan and Bangladesh-China financial corridors -The India-Myanmar financial corridors are not part of the OBOR, they are closely associated with it. 21st Century Maritime Silk Road (MSR): It is in miles the maritime equivalent of SREB and seeks to hyperlink China's port centers with the African coast, after which it pushes through the Suez Canal into the Mediterranean Sea. Its miles are a network of planned ports and diverse coastal infrastructure that dot the map from South and Southeast Asia to East Africa and the northern Mediterranean Sea. Its miles are designed to run from the Chinese coast to Europe through the South China Sea and the Indian Ocean in one path, and from the Chinese coast through the South China Sea to the South Pacific in the other. What is the scope of the plan? The scope of OBOR goes far beyond infrastructure construction. Additionally, they are working to promote greater monetary integration and the use of the renminbi, China's foreign currency, across overseas nations. The plan will also be expanded to create an information silk avenue connecting local statistics and communications generation networks, and will break down barriers move the border alternative and invest within the location, among different tasks. The new regional institutions, whichinclude the Asian Infrastructure Investment Bank (AIIB) and the New Silk Avenue Fund (NSRF), are also designed to complement and assist the OROB initiative. Asian Infrastructure Financing Financial Institution (AIIB): Its main objective is to finance infrastructure initiatives in Asia. After 15 months of participatory mode, the hundred billion dollar fund started functioning on June 16, 2016. It currently has 53 participants, including India, which is a founding member of the AIIB. • In June 2016, the AIIB approved the first loans for projects in four countries: Pakistan, Bangladesh, Tajikistan and Indonesia – actually worth $509 million. In May 2017, the AIIB provided a $160 million loan for a power project in Andhra Pradesh, the bank's first credit for an Indian project. New Silk Road Fund ( NSRF): The goal of the NSRF is to promote high investment in nations along the only Belt, One road. China has so far allocated $40 billion to the fund, which will be operational from December 29, 2014. Benefits for China: Some of the infrastructure initiatives proposed under the OROB cut through some of China's poorest and least developed regions and are should provide stimulus to help ease the consequences of China's growing slowdown. The OROB initiative will improve China's domestic financial integration and competitiveness and stimulate more balanced growth at the national level. The development is intended to help leverage China's significant trade capacity and ease of entry of Chinese-language products into regional markets. The plan could increase China's importance as a financial partner to its friends and potentially increase Beijing's diplomatic leverage within the country. Expanded investments in energy and mineral resources, particularly in precious Asia, could also help reduce China's dependence on raw materials imported from foreign places, including oil that transits the Straits of Malacca. Advantages for the location According to the United States Country Development Program (UNDP), the Belt and Road Initiative represents an effective platform for increased financial and regional cooperation operation. It touches the lives of more than 4 billion humans in 68 countries, many of whom live in developing countries. Increased infrastructure facilities can also help nearby developing and evolving countries in realizing the desires set out through the 2030 Agenda for Sustainable Development. Sources from energy-rich countries within the relevant Asian region will help emerging economies such as India and China meet their electricity demand. In line with the NDRC, the concepts of shared hobby, destiny and duty will help realize mutual projects. political consideration, economic integration and cultural inclusiveness. India Fears China One Belt One Avenue Currency Hall China PakistanWhat are India's concerns? According to the Institute for Defense Studies and Analyzes (IDSA), funded with help from the Ministry of Defence, the OBOR initiative does not pose an overt threat to India's national security. However, as in the case of the IDSA, revealing the details of the OBOR indicates widespread security concerns and challenging situations for India. According to the SREB project, the largest comes from the China-Pakistan Economy Corridor (CPEC). The CPEC venture aims to connect Kashgar in China's Xinjiang province with the strategic port of Gwadar in Pakistan. India has always been worried about the Sino-Pakistan agreement on Gwadar port. The CPEC assignment passes through the strategic region of Gilgit-Baltistan in Pakistan-occupied Kashmir (POK),