Abstract
India is anxious to strengthen the relations with the Asian-Pacific region, yet the “Act East Policy” doesn’t perform as well as it expected. Moreover, because it is difficult to gain an edge on the competition with China on regional economic presence, India prefers to see a new cooperation framework, which could let India play a more important role in it, and meanwhile provide India with the alternative proposals in various aspects to make up for India’s inadequacies. The introduction of “Indo-Pacific” concept is just in line with such demands of India. But the “Indo-Pacific” concept is vague at the economic level and has no practical effect on improving India’s economic presence in this region. For the existing Asia-Pacific cooperation mechanism, “Indo-Pacific” is purely a destructive factor and lacks the ability to build a new mechanism. At time of pursuing the profits brought by “Indo-Pacific”, India could hardly leave such factors out of account. Due to the independence of its development goals, India’s participation in “Indo-Pacific” must be limited.
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Notes
- 1.
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- 20.
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- 21.
On March 8, 2018, India, Japan and Sri Lanka signed the tripartite MoU and agreed to set up a JV near Colombo with an aim to build the facilities integrating LNG import, storage and power generation. India-based Petronet LNG, Japan-based Mitsubishi Corporation and Sojitz Corporation, and the Government of Sri Lanka respectively hold a stake of 47.5, 37.5 and 15% in the JV. This project is the first LNG power generation project in Sri Lanka and is expected to be completed in 2021.
- 22.
The coal India imports from Australia is mostly metallurgical coal (90%), while the coal for heating and power generation only accounts for 10% of total imports.
- 23.
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Yishuang, Y. (2019). Historical Changes of “Indo-Pacific” Geo-economics and Development Demands of India. In: Zhu, C. (eds) Annual Report on the Development of the Indian Ocean Region (2018). Research Series on the Chinese Dream and China’s Development Path. Springer, Singapore. https://doi.org/10.1007/978-981-13-7693-1_7
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