Saudi Arabia's Crown Prince, Mohammed bin Salman, promised to invest up to $100 billion in India's economy in the coming years, including in areas such as infrastructure, energy, and refining. The Crown Prince's visit to New Delhi follows a stop in neighboring Pakistan, where he signed $20 billion worth of investments in the country's flagging economy. The Crown Prince's next stop? Beijing.
India's largest engineering and construction company reported a better-than-expected 37% jump in third-quarter net profit, helped by a pickup in revenue growth after India's federal budget increased the spending allocation toward infrastructure.
Chinese President Xi Jinping is planning a visit with India's Prime Minister, Narendra Modi, as early as February. President Xi hopes to improve diplomatic relations with India ahead of China's second Belt and Road Initiative Forum in April, Nikkei reports.
Top Indian cement makers are set to witness a boom in demand this year amid increased government spending on affordable housing and infrastructure, reports the Nikkei Asian Review. Analysts peg road construction at the rate of 33 kilometers a day in the next fiscal year.
Reconnecting Asia tracks infrastructure developments across Eurasia, a vast landmass that includes 60 percent of the global economy. Every day, new infrastructure projects are announced, some are advanced, and others encounter obstacles. Here is a selection of projects and trends we will be watching in 2019.
Indian cities are vastly expanding their subway networks to reduce road congestion and gasoline consumption. The Delhi Metro is expected to reach 378 kilometers of track this year, catching up with New York--the world's fourth-largest subway system.
Saudi Crown Prince Mohammed bin Salman told Indian prime minister Narendra Modi at the G20 summit that he will soon be finalizing an initial investment in India's National Investment and Infrastructure Fund to help accelerate the building of ports, highways and other projects, reports the Nikkei Asian Review.
China is starting to build its largest offshore wind-power facility in the latest move in an accelerating shift in Asia away from solar to wind and other renewable energy sources.
Japanese Prime Minister Shinzo Abe and Indian counterpart Narendra Modi agreed to collaborate on infrastructure, such as port and road projects in third countries like Sri Lanka, Myanmar, and Bangladesh.
Philippines and India have risen through the ranks in the World Economic Forum's latest Global Competitiveness Report, as the countries made improvements in infrastructure and innovation.
Prime Minister Narendra Modi aims to launch India's first high-speed railway by August 2022. Faced with challenges in domestic procurement and land acquisition, project leaders are considering a partial opening to coincide with the 75th anniversary of India's independence.
India's largest infrastructure financing company, Infrastructure Leasing & Financial Services, was recently taken over by a government-backed board to address a series of loan defaults that raises questions over the country's infrastructure development.
Although Beijing insists that its Belt and Road Initiative has no geopolitical motives, the project has been at the center of an increasing number of political controversies, foreign and domestic, writes the Financial Times in a Special Report, citing analyses from the Reconnecting Asia Project.
Browse our analysis section for news and articles on topics such as China's Belt and Road Initiative (OBOR), the Competing Visions of Japan, India, and other regional powers, and the stakes for U.S. policy.
Indian prime minister Narendra Modi heads to Nepal for a meeting of the seven-nation BIMSTEC bloc, where improved trade and connectivity have the potential to help India counter Beijing's massive Belt and Road Initiative, according to the Nikkei Asian Review.
AIIB president Jin Liqun announced his intent to create financial stability for the bank's 87 member countries and establish the AIIB as a multilateral development bank commensurate with the World Bank Group, Asian Development Bank, and European Bank for Reconstruction and Development.
China-led Asian Infrastructure Investment Bank announced that it will invest $3.5 billion this year to India, Bangladesh, Turkey and Egypt for projects aimed at strategically connecting Asia and Africa.
The Shanghai and Shenzhen exchanges bought 450 million shares of Bangladesh's main exchange, beating India's bid. The exchanges allow Chinese investors to access funds for overseas infrastructure projects and strengthen financial cooperation for the BRI, a goal stated by both exchanges.
India's International North-South Transport Corridor involves India's investments in Iran, such as the Chabahar Port and the planned rail project from Chabahar to the Iranian city of Zahedan. The 7,000 kilometer corridor, which has been called an alternative to China's Belt and Road Initiative, will bypass Pakistan and connect India with Russia, potentially transforming Eurasian trade.
India is likely to object to China's proposal to construct a trans-Himalayan trilateral economic corridor through Nepal, according to the Nikkei Asian Review.
India plans to build up to 100 more airports to accommodate one billion passengers by 2035, and the government will count on private financing to cover most of the $60 billion cost.
Japan, the U.S., and India have agreed to work together on infrastructure projects in the Indo-Pacific region focusing on South and Southeast Asian nations such as Nepal, Bangladesh, and Myanmar. The trilateral is calling for a more transparent and sustainable approach in line with international standards to counter China’s infrastructure development under its Belt and Road initiative.
Nepal's new prime minister Sharma Oli aims to leverage Nepal's central position in the power tussle between China and India to garner as much infrastructure investments from both.
Seven CSIS experts unpack the economic and geostrategic implications of China’s infrastructure development across the Indo-Pacific region under the Maritime Silk Road.
Japan will lend India up to $1.4 billion for projects such as a subway in Mumbai.
A special report by Nikkei Asian Review and The Banker which leverages data from the CSIS Reconnecting Asia Project has found that China's Belt and Road initiative holds considerable promise for countries in need of infrastructure investment along its route, however, participation has been hampered by challenges ranging from a lack of participation by local workers and banks to unmanageable debt hangovers.
As Asia’s powers advance plans for a number of economic corridors to connect the continent, it is important to understand what exactly an economic corridor entails.
Thai industrial conglomerate Siam Cement Group seeks investment possibilities in South China and India in the years ahead. China's Belt and Road Initiative gives the conglomerate an opportunity to sell more products as the initiative stimulates spending on construction and spurs an increase in private-sector investments.
Nepal's new prime minister K.P. Sharma Oli finds himself courted by China and India for railways projects.
Philippine engineering group Megawide Construction and Mumbai-based GMR Infrastructure proposed a $3 billion expansion for Ninoy Aquino International Airport.
The Asian Infrastructure Investment Bank (AIIB) has approved $1.5 billion in loans to India for infrastructure-related projects in 2018, including energy, roads, and urban development projects.
Greek Deputy PM says that Athens wants closer ties with other Asian countries too, not just China.
Indian Prime Minister Narendra Modi welcomes all ten ASEAN leaders to New Dehli in an attempt to strengthen trade and connectivity with the bloc.
India and Japan's joint vision for an Asia-Africa Growth Corridor (AAGC) could provide a strategic platform to compete with China, however, the plan currently lacks detail and will need to demonstrate commitment and the ability to deliver on both quality and speed.
Quotes and Quotas is a weekly digest of powerful phrases and facts that help explain Asia’s infrastructure push.
Reconnecting Asia is tracking developments across a vast landmass that includes 60 percent of the global economy. Every day, new infrastructure projects are announced, some are advanced, and others encounter obstacles. Here is a selection of the top projects to watch in 2018.
In Nepal, Sri Lanka, Pakistan, the Maldives, and Myanmar, Beijing is pulling South Asia into its orbit.
New projections show India's economy becoming third largest in the world, with other major ASEAN nations surging forward to propel Asian economic growth.
Iran's Chabahar port could herald the start of a challenge to China's expanding geostrategic links.
Mattala Airport in Sri Lanka, not far from the Chinese-operated Hambantota seaport, has become a point of contention in the wake of a $290 million offer from India to lease it.
Japan is planning a top-level dialogue with the U.S., India, and Australia to counteract China's aggressive maritime expansion under its Belt and Road initiative.
It is time to expand transparent, high-standard regional lending mechanisms – tools that will actually help nations instead of saddle them with mounting debt.
Asia is set to spend $26 trillion on airports and other infrastructure projects through 2030, according to the Asian Development Bank (ADB).
CSIS's leading regional experts discuss how the ambitious connectivity visions of regional powers across Eurasia could re-shape the future of the super-continent.
Earlier this month, the leaders of Japan and India paused to lay the foundation stone for a high-speed railway. The new link illustrates the high-stakes competition underway to connect the Eurasian supercontinent. China has stolen the spotlight, but other regional powers are not standing still.