BCIM link to benefit linkage
India has warmed to the idea of the BCIM (Bangladesh-China-India-Myanmar) corridor that could prove to be a game-changer in regional linkages among the four countries. The BCIM corridor, long promoted by China, is intended to link Kunming to Kolkata, Mandalay (Myanmar), Dhaka and Chittagong.
It is intended to advance multi-modal connectivity, harness economic complementarities, promote investment and trade and facilitate people-to-people contacts. A study group report on the corridor is expected by 2014-end, an official familiar with BCIM developments said ahead of meetings between Chinese President Xi Jinping and Prime Minister Narendra Modi.
Upwards of $10 billion is expected in private investment from China to India during Mr. Xi’s visit. Currently, Chinese investment in India stands at a paltry $400 million.
This corridor will help in strengthening the ties for the investments in the business sector. The Prime Minister is hopeful that India is going to get a good amount of FDI collection after his visits to the various countries. This linkage is going to work very well as is being expected from it.
Source: Hindu
Bangladesh-China-India-Myanmar corridor, BCIM, Chinese investment in India, Chinese President Xi Jinping, FDI collection, multi-modal connectivity, Prime Minister Narendra Modi, private investment
