The OBOR project will be a vast network of sea and land routes across dozens of countries where Chinese would, reportedly, spend Dollars 1 trillion on railways line, roads, ports and other infrastructures.
The initiative refers to the Silk Road Economic Belt that links China with Europe through Central and Western Asia by inland routes, and the 21st Century Maritime Silk Road connecting China with Southeast Asia, Africa and Europe by sea.
His comments followed recent clarification by China over India's objections to the China-Pakistan Economic (CPEC) Corridor which passes through Pakistan-occupied Kashmir.
"This is an example of China taking care of India's concern", Luo had said. Few Indian scholars attended the meeting.
The leaders of 29 countries, including Russian President Vladimir Putin, and officials of over 100 countries are attending the event.
The two leaders held a 45-minute-long meeting attended by the delegations of both countries.
Federal Ministers, Advisor on Foreign Affairs and Chief Ministers of all four provinces were also present on the occasion.
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"China has invested more than $50 billion in countries along the Belt and Road since proposing the initiative in 2013", He Lifeng, head of the National Development and Reform Commission, said in early March.
The Prime Minister said as One Belt and One Road unfolds across continents, we see it fostering inclusion, creating tolerance, and promoting acceptance of cultural diversity.
There were deputy Prime Minister Krishna Bahadur Mahara and Foreign Minister Prakash Sharan Mahat in the ceremony. Bangladesh and the Maldives will also have official representations.
Two sources with knowledge of the situation said the US embassy in Beijing had submitted a diplomatic note to China's foreign ministry, saying inviting North Korea sent the wrong message at a time when the world was trying to pressure it over its repeated missile and nuclear tests.
India's decision to skip the meeting came after a year of bilateral discord over China's stubborn opposition to India's entry into the NSG and a United Nations ban against Jaish-e-Muhammad leader Masood Azhar.
An expert on China's One Belt, One Road strategy has dismissed accusations of neo-colonialism by the economic superpower amid Malaysia's involvement in the initiative.
The Chinese president also called on Pakistan to work with China in joint anti-terrorism and security initiatives.
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