Gopal Baglay, the official spokesperson of the Ministry of External Affairs (MEA) said, "Regarding the so-called "China-Pakistan Economic Corridor", which is being projected as the flagship project of the OBOR, the global community is well aware of India's position".
The Belt and Road Initiative was proposed by Chinese President Xi Jinping in 2013.
The One Belt, One Road (OBOR) or Belt and Road initiative links China with Africa, Asia and Europe through a network of ports, railways, roads and industrial zones in 65 countries. Japan has given billions of dollars in grants and low-cost loans to Southeast Asian nations to build ports and other facilities, and governments including South Korea have launched trade initiatives.
India skipped the meeting due to its sovereignty concerns over the $50 billion Cpec, which passes through PoK.
Making a U-turn from its earlier position, the USA also sent a delegation led by Matt Pottinger, special assistant to the president and senior director for Asia at the National Security Council, after it clinched a trade deal with China.
But he also warned that the project's success would rest on several factors, including transparency in procurement and broad participation from the private sector. "It must not be politicized", he said here on the opening day of the event.
We had received a formal invitation to participate in the 6 separate forums that China is organizing as part of the Belt and Road Forum being held in Beijing on May 14-16, 2017.
Details on which companies were involved and what activities the work group will undertake were not immediately available, Polley said.
On Sunday, Zypries called for greater transparency in tenders for the initiative's projects and for adherence to worldwide standards.
Chinese state-owned lenders have put up most of the money for "Belt and Road", but Beijing says it wants projects to attract private investment.
"I know the United States has been among those countries apparently most skeptical", said Paulson, who was in office in 2006-09.
China has used the initiative to help portray its economy as open to the world, distinct from a rising wave of global protectionism, as U.S. President Donald Trump promotes an "America First" policy.
While CPEC is highlighted as "flagship project", the B&R includes the Bangladesh, China, India and Myanmar (BCIM) Economic Corridor, New Eurasian Land Bridge, China-Mongolia-Russia Economic Corridor, China-Indochina Peninsula Economic Corridor and 21st century Maritime Silk Road.
Leaders from 28 other countries have attended the forum, but some have voiced criticism that the projects will saddle countries with unmanageable debts to China and in turn increasing their global dominance.
Katainen said more Europeans were demanding that China give EU businesses access to its market in the way that EU markets were open to Chinese investment.