China, however, is determined and had arrived at an understanding with Prime Minister Manmohan Singh during Chinese Premier Li Keqiang’s visit to Delhi in May this year.
In a joint statement issued after Singh’s meetings on Wednesday, the two sides recalled it had been earlier decided to establish a study group on the BCIM (Bangladesh, China, India and Myanmar) Economic Corridor.
Welcoming a recent visit of the Chinese delegation as a “positive step”, the joint statement noted that the first meeting of the joint study group would be held in December to study the specific programmes on building economic corridor.
A Chinese foreign ministry official said the meeting would be held in Kunming in Yunnan provide.
Preparing for the PM’s visit, China had recently reached out to Bangladesh to get Dhaka on board for the multi-billion dollar project linking South Asia and East Asia.
Government officials said they weren’t averse to the idea that had great significance because it would be able to link South Asia with East Asia and would be conducive to regional economic activity.
The Chinese foreign ministry – that has already discussed the project with Myanmar too – believes the corridor would strengthen mutual investment, trade and infrastructure and later, construction of a rail link.