"It is necessary to further deepen cooperation and promote the substantial building of the BCIM
economic corridor," the statement added.
After Chinese Premier Li Keqiang visited India in May 2013, he and his Indian counterpart, Manmohan Singh, issued a joint statement saying that "encouraged by the successful BCIM
Car Rally of February 2013 between Kolkata and Kunming, the two sides agreed to … initiating the development of a BCIM
Promoted by the Belt and Road Initiative, we have achieved progress on the construction of China-Pakistan Economic Corridor and BCIM
Economic Corridor and are revealing a pattern of joint contribution and cooperation among China and South Asian countries supported by ports, roads, bridges, industrial zones, cross-border economic cooperation zones etc.
To another question about criticism by India on CPEC and R and B initiative, he said India was also part of Bangladesh, China India and Myanmar Corridor (BCIM
Regional Cooperation:' An Emerging Multilateral Framework in Asia," Geopolitics, History, and International Relations 7(2): 173-189.
B and R, however, bundles all ongoing and planned efforts-such as the China-Pakistan Economic Corridor (CPEC) and the Bangladesh-China-India-Myanmar Corridor (BCIM
)-under one unifying framework.'
India has shown scant enthusiasm for the Bangladesh-China-India-Myanmar (BCIM
) Corridor, the corridor being promoted by China, but has floated an idea for a direct India-China Silk Route Corridor (ICSRC) connecting Xinjiang with Ladakh.
The Silk Belt includes the BCIM
(Bangladesh, China, India, Myanmar) economic corridor from Yunnan through Myanmar to Dhaka to Kolkata; as well as plans for a Khunjerab Railway from Kashgar in Xinjiang through Kashmir to the Gwadar port China is constructing (and has a long-term lease to operate) in Pakistan.
The success and timely completion of the CPEC will set the agenda for the next project in the series: Bangladesh, China, India, Myanmar (BCIM
), and everything that follows.
India-China want to speed up the construction of an economic corridor linking China-Bangladesh-India-Myanmar(BCIM
) .China led Asian Infrastructure Investment Bank has set up consisting of 57 countries with 100 billion dollar which will boost financial integration in Asia.
THE on- going efforts to revive the Bangladesh- China- India- Myanmar ( BCIM
) economic corridor will not be derailed by security concerns, Minister of State for External Affairs General ( retd) VK Singh said on Friday.