China’s One Belt, One Road project is not short on ambition.It claims that it will benefit the entire world and lift millions out of poverty.One Belt,One Road commonly known as OBOR,is a collection of interlinking trade deals and infrastructure projects throughout Eurasia and the Pacific.”One Belt, One Road” includes a number of hugely ambitious projects, including a train line stretching from eastern China to London. A number of projects are under way, including a train connection between eastern China and Iran that may be expanded to Europe. There are also new rail links with Laos and Thailand and high-speed-rail projects in Indonesia.This work will see the development of six major economic corridors, including the New Eurasian Land Bridge, China–Mongolia–Russia, China–Central Asia–Western Asia, Indo-China Peninsula, China–Pakistan, and Bangladesh–China–India–Myanmar.
OBOR has become such a popular buzzword that it’s next to impossible to lock down criteria for how any given project would or could fit into the overall initiative.The Tate media has claimed OBOR will benefit the Middle East peace process, start-ups in Dubai, currency trading, global poverty reduction, Xinjiang’s medical industry, Australian hotels, nuclear power, Polish orchards, and, finally, the entire world.
The initiative consists of two major parts:
1. Silk Road Economic Belt – Road stretching from China to Europe and encompassing a host of trade and infrastructure projects.
2. 21st Century Maritime Silk Road – Sea based network of shipping lanes and port developments through out Asia and the Pacific.
These two projects are known collectively as One Belt, One Road, or Belt and Road, or the New Silk Road.China wants ‘new Silk Road’ One Belt One Road project to help it dominate world trade.The OBOR initiative has captured world attention for the sheer range and audacity of the concept, the extraordinary ambition that lies at its base and the significant resources — technological, human, financial and political — that will need to be garnered globally to realise the vision. Since the first announcement, Chinese officials and commentators have debated the project, fleshed out several loose ends and sought to bring as many countries as possible on board as partners.
BENEFITS OF OBOR TO INDIA
1.India should know that the OBOR scheme is not about CPEC and Pakistan; but in fact its primary goal is to integrate the rich European economy with that of China’s.
2.The projects planned under One Belt, One Road (OBOR) could help employ short-term constructions crews, provide necessary infrastructure for the movement of trade (highways, ports, airports) and spur employment in trade-related industry and services.