New Delhi: India has a strong reservation over the China-Pakistan Economic Corridor (CPEC), a flagship project of China's prestigious 'Belt and the Road Initiative' (BRI) and is expected to figure prominently in the two-day meet of China’s Belt and Road forum which begins on Sunday.A clear indication of that came from an official statement issued on Saturday which said “India cannot accept a project that ignores its core concern on sovereignty and territorial integrity”.The CPEC passes through Gilgit and Baltistan of Pakistan-occupied Kashmir (PoK). India treats the entire state of Jammu and Kashmir as its integral part, including the PoK."Guided by our principled position in the matter, we have been urging China to engage in a meaningful dialogue on its connectivity initiative, One Belt, One Road which was later renamed as Belt and Road Initiative. We are awaiting a positive response from the Chinese side," External Affairs Ministry spokesperson Gopal Baglay said in a statement.He added saying, "Regarding the so-called China-Pakistan Economic Corridor, which is being projected as the flagship project of the BRI/OBOR, the international community is well aware of India’s position. No country can accept a project that ignores its core concerns on sovereignty and territorial integrity”.Noting that India has received a formal invitation to participate in the six separate forums that China is organising as part of the BRF, he said India is of firm belief that connectivity initiatives must be based on universally recognised international norms, good governance, rule of law, openness, transparency and equality."Connectivity initiatives must follow principles of financial responsibility to avoid projects that would create unsustainable debt burden for communities; balanced ecological and environmental protection and preservation standards; transparent assessment of project costs; and skill and technology transfer to help long-term running and maintenance of the assets created by local communities," Baglay said.Asserting that India shares international community’s desire for enhancing physical connectivity, the ministry said it believes that it should bring greater economic benefits to all in an equitable and balanced manner.The spokesperson also noted that India was working with many countries and international institutions in support of physical and digital connectivity in its immediate and near neighbourhood.India also asserted that connectivity initiatives should follow principles of balanced ecological and environmental protection and preservation standards; transparent assessment of project costs; and skill and technology transfer to help long-term running and maintenance of the assets created by local communities.China, too, protested India’s decision to permit the Dalai Lama last month to visit Arunachal Pradesh, which Beijing claims as South Tibet.