China will join the Shanghai-led Shanghai Cooperation Organization (SCO), a grouping of the world’s largest economies and a key regional player in the Indo-Pacific region, Prime Minister Narendra Modi said on Friday.
Modi said the SCO, the fourth largest economy of the Asia-Pacific, was a “great addition to India’s strategic and economic partnership with the region”.
The SCO comprises the five biggest economies of the region, China, the US, Japan, Russia and India.
China has also joined the Asian Infrastructure Investment Bank (AIIB), a non-governmental organisation established by the US and Japan to promote investment in infrastructure.
The Indian government has been promoting its infrastructure projects in the SCOPs.
In the context of the SCOBE, Modi said the government was “very happy” to announce that India will join this grouping and that the two countries are ready to share information, coordinate in areas such as defence and economic development and explore common security interests.
The move comes as the Modi government is preparing to send its long-awaited strategic plan for the SCOC.
It has been delayed from its initial release in January after being postponed because of the Indian government’s decision to hold talks with the US over a Chinese naval base.