India says development projects must be transparent and environmentally friendly


India shares with the developed group of the G-7 its view that development projects should be transparent, environmentally friendly and should not burden recipient countries with debt, the Indian minister said on Tuesday. of Foreign Affairs S Jaishankar.

Speaking at the Qatar Economic Forum, a three-day virtual event organized in association with Bloomberg under the banner of “New Horizons for Tomorrow,” Jaishankar said this is an “area where we believe ‘there is a lot of convergence with the G7. We look forward to working with them. “

The reference was to the ‘Building a Better World (B3W)’ initiative – seen as a ‘transparent, high-level, values-driven infrastructure partnership’ led by major democracies to help reduce the $ 40 trillion. dollars of infrastructure needed in the developing world. , which the G-7 believes have been exacerbated by the covid-19 pandemic. Launched at this year’s G-7 meeting earlier this month, the B3W initiative is based on an argument that the world must present an alternative to the Chinese president. Xi Jinping’s multibillion-dollar infrastructure. The BIS has been criticized for having indebted countries in debt and not being sensitive to the environmental needs of the countries where the projects have been developed. China’s loans to countries joining the G-7 were seen to come with conditions that were not initially specified.

In his remarks, the minister pointed out that India’s development partnership program – under which it extends assistance to countries to build infrastructure and skilled people, among other initiatives – goes back a long way. India has development projects in 62 countries and out of 630 projects, had completed 340, said the minister.

Responding to a question about China and the Quad and how the coming together of the four nations – the United States, India, Japan and Australia – influenced India’s response to China amid tensions between the two countries, Jaishankar said said the Quad had issues like maritime safety, connectivity, vaccines and even education on its agenda. “They (Quad) have their own agenda, a set of convergences, a vision of the world,” said the minister, making a distinction between Indo-Chinese relations and India’s relations with the Quad countries.

“The India China issue pre-existed the Quad,” the minister said, adding that “it is a challenge or a problem that is independent of the Quad”. The reference to the Indo-China issue was an allusion to the bilateral issues New Delhi has had with Beijing for decades due to their undefined border. The undefined border between the two countries has been a source of friction although the two sides have made at least five pacts to ensure that border issues can be quickly resolved. Tensions, which date back to last May when India discovered intrusions by Chinese troops in areas it considers to be part of its territory, have however persisted for more than a year despite numerous attempts to resolve it by dialogue. Jaishankar has previously said India-China relations are at a crossroads given Beijing’s reluctance to honor bilateral agreements aimed at stabilizing the border. Relations between the two countries could not normalize amid such tensions and the armies of the two countries keeping an eye on each other, the minister said previously.

In his remarks on China on Tuesday, Jaishankar said “close deployments continue” at the borders. “The question is whether China will honor the commitments it has made in writing,” he said.

China, for its part, sees the Quad as an effort to circumscribe its influence in the Indo-Pacific and has described it as an “Asian NATO” or compared it to a military alliance.

When asked if he had received assurances from the United States on vaccines, Jaishankar said the world does not have vaccines and to meet the demand for production, it was important that the patents be removed as well. as the supply chains of ingredients for manufacturing. vaccines remain open. The global demand for vaccines could not be met without India intensifying and for that, the United States and European countries had to keep supply chains open, he stressed.

To subscribe to Mint newsletters

* Enter a valid email

* Thank you for subscribing to our newsletter.

Never miss a story! Stay connected and informed with Mint. Download our app now !!

Leave A Reply

Your email address will not be published.