"China respects Indias sovereignty concerns.Also, the article said, "India should not view Pakistans development as a threat. Taking a strong stand on territorial issues is important, but its hoped India could adopt anobjective and more pragmatic attitude towards the One Belt, One Road proposal.Chinas President Xi Jinping has convened the summit.The CPEC is part of the One Belt, One Road (OBOR) Initiative, the official name of the Silk Road initiative.".Calling on India to soften its stand, the article said, "New Delhi fears that the CPEC, passing through the Pakistan-controlled Kashmir, would serve the purpose of granting legitimacy to Pakistans control over the region, and by promoting the construction of the corridor, China intends to meddle in the Kashmir dispute.

The article, however, asked India to take part in the Silk Road summit to be held in Beijing in May, stressing the "potential economic benefits" of CPEC and packaging it as a project promoting greater regional cooperation. These concerns are unwarranted. As long as India is willing to, China, Pakistan and India could cooperate to tap the vast economic potential in the disputed Kashmir region. China has long believed that the two neighbours should solve their dispute through dialogue and consultations, and it has repeatedly emphasised that the construction of the CPEC would not affect its stance on the issue," it said.

Reacting to Jaishankars remarks, China Hosiery Machinery Suppliers the article said Indias concerns were "unwarranted".After the dialogue, Jaishankar told reporters that the China-Pakistan Economic Corridor, which runs through the Pakistan-occupied Kashmir (PoK), violates Indias sovereignty.Chinas OBOR initiatives stated aim is to link countries in Asia, Africa and Europe to promote "an open and inclusive global economy" by building regional trade networks and enhancing connectivity for future growth.""China has no intention of interfering in the territorial dispute between India and Pakistan. Leaders of about 20 nations have confirmed participation, the Chinese foreign ministry has said without identifying them. Pakistan Prime Minister Nawaz Sharif and Sri Lankan premier Ranil Wickramasinghe are expected to attend the event.The comments in an oped piece in Global Times comes after Foreign Secretary S Jaishankar on February 22 co-chaired the upgraded India-China Strategic Dialogue in Beijing."Chinas Foreign Ministry is yet to react to Indias stand.Beijing: Indias concerns over sovereignty relating to the USD 46-billion CPEC is "unwarranted", Chinese state media on Friday said, asking New Delhi to take an "objective and more pragmatic" view of Chinas ambitious Silk Road project.

IKEA is pulling out all stops to make Hyderabad Hosiery Knitting Machine Factory — its first store in India — a hugely successful.Swedish home furnishing major IKEA — the largest foreign investor in single brand retail — is all set to Indianise itself to cater to consumers with highly diverse tastes and profiles."There is a high level of diversity in India.. Indians are not used to assembling furniture by themselves. IKEA will hire 500 direct co-workers and another 1,500 engaged in providing services around the store. So we combine local function and IKEA design. Having said this, our furniture would be made available in ready to assemble format as it allow customer to save on assembling. "We will double sourcing of products and material from India to 600 million euros in up to next four years," he said. The company also plans to expand their procurement from India.

The Hyderabad store is expected to come up here by the end of 2017 in an area of 4 lakh sq ft with an investment outlay of Rs 700 crore. Flat packaging will also allow us to save on logistics and keep prices low," he said. In the process, for example, we realized that kitchen products are different in India. We are going to have our staff and some other partner firms, who would provide this service. So if you go an IKEA story in India and another IKEA store in say Sweden, you will find that IKEA’s style is the same but things are different," Juvencio Maeztu, chief executive officer, IKEA India, told this newspaper. "For those customers, who can’t assemble their furniture themselves, IKEA will assemble it for them.The company, which is known for its ready-to-assemble furniture, might have found a great dilemma. Mr Maeztu, however, claims IKEA has found a solution. The company on Thursday held groundbreaking ceremony for its first store in the country here. We have visited several homes in different cities in India, so that we don’t give different solution to the entire India.