India will become a partner in the infrastructure construction campaign of G-7 countries, preparing to spend 600 billion dollars by the year 2027
The G-7 countries, led by the US, have announced a program to spend $ 600 billion over the next 25 years on infrastructure projects around the world. A major part of this program will be spent in the Indo-Pacific region and in South Asian and African countries. Under the leadership of America, India will work as a major partner in this program run by the seven largest democratic and rich countries in the world. In the projects that will be implemented under this, Indian companies are likely to get big orders in the field of telecom, renewable energy, manufacturing, and cutting-edge technology.
China started the BRI program in the year 2013
This program of the G-7 countries is being seen as an attempt to entice developing countries against China's ambitious Belt and Road Initiative (BRI) program. China started the BRI program in the year 2013 and under this, it started the work of developing infrastructure in 70 countries and connecting all those facilities with China.
India was one of the first countries to oppose BRI
Many experts believe that BRI intends to trap small and medium countries in the debt trap through China so that in the future, it can use projects like road, rail, ports, and airports for its strategic advantage. India is one of the first countries to oppose BRI. India has been considering the China-Pakistan Economic Corridor against its sovereignty and territorial integrity, especially through the area of slave Kashmir. This challenge of China has now been understood by the developed countries.
It is also noteworthy that the UK, France, and Germany of the G-7 are already discussing the possibilities of starting infrastructure projects in other developing countries with India. There is already talk between the US and India to find a cut in the BRI.
Some projects will be directly implemented in India
Sources say that India will be involved in this ambitious program of G-7 in two ways. One, some projects will be implemented directly in India and secondly, projects will be implemented in other countries with the help of India.
Let us inform you that just last month, in the meeting of the heads of India, America, Japan, and Australia held in Japan, the Indo-Pacific Economic Framework was announced by the 12 countries together. These countries will seek to create a safe alternative to the existing global supply chain system. The move was also seen as an end to China's challenge to the global supply chain.