India boycotted that conference, as the China-Pakistan Economic Corridor (CPEC) being built through Pakistan-occupied Kashmir (PoK) was being projected as a part of BRI.
According to him, the UNSC procedure is such that informal consultations continue between members and consultations have been going on.
India had also boycotted the first BRF held in 2017. New Delhi's reluctance to join the BRI has become a major irritant in the relations between the two countries.
The US like India has skipped the 2nd Belt and Road Forum as protest over the USD 60 billion China-Pakistan Economic Corridor being laid through Pakistan- occupied Kashmir.
Putin noted that it should be beneficial for all Eurasian countries to participate in the BRI since it should contribute to the development of their economies and help raise living standards in these
While the initiative brings massive investments in maritime, road and rail projects across 65 countries in Asia, Europe and Africa, its ambition has divided many with the project having debt-risks.
The Chinese Foreign Ministry said that the Indian government may have misunderstood the Belt and Road Initiative which aims to link Southeast Asia, Central Asia, the Gulf region, Africa and Europe.
India has objected to the CPEC as it is being laid through the Pakistan-occupied Kashmir (PoK) and boycotted a high-profile Belt and Road Forum organised by China last year.
Belt and Road is building on multibillion-dollar deals for loans and investments in oil and mining in South America that Beijing made beginning in the 1990s.
Italy's signature would be considered a major legitimation of the project that envisions overland and maritime routes connecting China with Europe.
The statement that 'China will not pick sides' by a state-run media house is likely to deal a blow to the confidence of Pakistan which has held that Beijing would not allow India to run over it.
India has been severely critical of the BRI as the USD 50 billion China-Pakistan Economic Corridor, which is part of the BRI, passes through Pakistan-occupied Kashmir (PoK).
During his meeting with Abe, Xi said, "As the international situation changes, China and Japan are becoming increasingly dependent on one another.
Global Times, a Chinese state-run newspaper, ran an opinion piece urging India to get on board China’s Belt and Road Initiative.
Chinese President Xi Jinping’s signature Belt and Road Initiative (BRI) is going through a rough stretch.