Once the regional problems are resolved, then India has to play big role in the initiative," he said, adding that . "India skipped the meeting due to its sovereignty concerns over the USD 50 billion CPEC, which goes through Pakistan- occupied Kashmir. Sri Lanka is facing a problem of debt repayment," he said, defending Sri Lanka opting for debt swap for harbour.Sri Lanka has an estimated debt of USD eight billion to China. It will be registered in Sri Lanka and will be Sri Lankan company. Sri Lanka doesn't have to repay," he said, adding that it was a "win win situation".

Source: Economic Times May 16, 2017 13:41 UTC