New Delhi: India has said that it will study the US President Joe Biden’s ‘Build Back Better’ global infrastructure initiative proposal announced at the G7 summit as an alternative to China’s Belt and Road (BRI).
This plan, which is proposed to be led by major democracies, will provide financial and technological help to narrow the over USD 40 trillion-infrastructure need, mainly in the developing world which has been worsened by COVID-19.
It is also expected to create local employment. This initiative at G7 is seen as a potential jolt to Chinese President Xi Jinping’s pet project BRI.
India said relevant agencies will be studying the plan and will probably engage with the project later. Briefing reporters, senior ministry of external affairs (MEA) official P Harish said,
