Chidambaram said India is part of several multilateral groupings, including BRICS, SCO, G20, and QUAD, but questioned what concrete benefits the country has received from them.
Congress leader Jairam Ramesh said the proposal came into being in July 2014, headquartered in Shanghai as the New Development Bank (NDB), with noted banker KV Kamath as its first president.
According to the police, the security plan has been drawn to provide maximum security to visiting dignitaries while ensuring minimum inconvenience to the public.
Xi's visit would mark the biggest step yet in a cautious thaw between India and China, six years after a deadly military clash along their disputed Himalayan border.