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Prime Minister Narendra Modi's idea of the Asia Africa Growth Corridor (AAGC), as reflected
in the joint statement with Japanese Prime Minister Shinzo Abe in November 2016, has
got enhanced attention, particularly in the context of China's 'One Belt One Road'
(Obor) initiative.
But discussions seem to be missing out on two other similar efforts.
One is in the form of German Chancellor Angela Merkel's new proposal of a 'Marshall Plan'
for Africa, evolved with Germany's G-20 presidency this year.
Two, is the 'New Silk Road', an idea that then US secretary of state Hillary Clinton
articulated in 2011, and has now been resurrected by the Trump administration.
The AAGC is being viewed as a challenge to these three multinational initiatives from
India and Japan.
This may not, however, reflect its real intention.
Obor — or now, the Belt and Road Initiative (BRI), is a highly ambitious project-led,
infrastructure-focused initiative.
It keeps Beijing and other parts of China as source of origin.
Modi's speech, at the board meeting of the African Development Bank (ADB) in May 2017
at Ahmedabad, clearly emphasised on cooperation.
It is focused on Asia and Africa and does not bring India or Japan as a central point.
It very much reflects the new foreign policy plank of 'sabka saath sabka vikas' (with
everyone, for everyone's progress).
Peter Thomson, UN General Assembly, suggested earlier this year that financing the sustainable
development goals (SDGs) of nations will require annual investments of around $6 trillion,
or $90 trillion over 15 years.
According to the Addis Ababa Action Agenda (AAAA), the infrastructure gap among the developing
countries requires $1-1.5 trillion annually.
The AAAA called for raising $100 billion from market sources to bridge this and associated
gaps by 2020.
This effort was estimated to bring 550 million people out of poverty.
China's BRI is precisely trying to bridge this gap.
Though India has issues related to sovereignty, there is little doubt that China has made
an open offer and is undertaking predefined projects for bettering infrastructure across
several countries.
President Xi Jinping, while proposing the idea of Obor in 2013, came up with a large
infrastructure plan.
Along six economic corridors.
several infrastructure building projects would be undertaken.
They would help in consolidation of trade and investment flows, and in development projects.
The areas identified are policy coordination, effective connectivity, unhindered trade and
finally financial integration.
But the big question of India's sovereignty concern cannot be ignored.
Germany's 'Marshall Plan' for Africa is close to Modi's idea.
It talks of an Africa that is prosperous and at peace, with development opportunities for
one and all.
Very much in line with India's priorities, it gives emphasis on local jobs and investment
with greater value addition and less of the exports of raw material from Africa.
The plan also presses for corruptionfree administration with the right political environment (read:
democracy).
However, there is also an effort to scale down the importance of Official Development
Assistance (ODA).
The trouble with this plan is the political uncertainty associated with it.
One is unsure whether in the forthcoming German elections in September, this strategy will
get endorsed, if the current incumbent fails to return to power.
The idea of AAGC, on the other hand, has evolved with specific and India.
If quality infrastructure with lesser carbon footprint is an expertise Japan brings to
the table, India has rich experience with the Indian Technical and Economic Cooperation
(ITEC) programme that was launched in 1964.
The vision document on AAGC has detailed three main aspects of connectivity — physical,
institutional and people-to-people.
It also refers to the linking up of the economies of Asia and Africa through development of
supporting infrastructure (port, airport, industrial park, telecommunication, IT), capacities
for planning and execution of projects, trade facilitation, human resource development and
technology improvement.
It is expected to be achieved with participation of various actors, according to their needs
and strengths.
These new ideas around specific corridors are bringing in new global governance models,
where one may think of new structures.
With their multiple actors functioning under multiple configurations — with a high degree
of flexibility and enhancing scope for global joint action, and less emphasis on ideological
divides — this is about moving beyond the Equatorial divide.
In an era of stalled multilateral talks, Brexit and Trump's protectionism, this may be a
way forward.
So what do you think of India's Asia Africa Growth Corridor project ?
and So what do you think of PM Of India Mr.Narendra Modi's Idea of Asia Africa Growth Corridor
?
It will be a success one or It is a Publicity Stunt opposite to B and R.
The One Belt One Road Initiative or the Belt and Road Initiative by China.
Which is the New Silk Road of China.
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