India, EU to join hands to build global infra projects
India and the European Union (EU) are looking to team up and build infrastructure projects globally that would counter China’s Belt and Road Initiative (BRI). The key focus for what has been described as a “connectivity” partnership would be on energy, digital and transportation projects in Europe, Asia and also Africa, the Financial Times reported on Thursday.
Both sides were at pains to emphasise that the new partnership won’t attempt to “compete” with the BRI but the effort clearly is to block China from stitching together an “all roads lead to Beijing” zone in the three continents.
The FT reported that both sides are looking to unveil this new
infrastructure-building partnership at a virtual summit that’s taking place on
May 8.