Seeking to allay India's concerns, China also said New Delhi was welcome to participate in the 'One Belt One Road' (OBOR) project, a pet initiative of Chinese President Xi Jinping.
"First, I want to say that we welcome India's participation in the building of the One Belt One Road project," Chinese Foreign Minister Wang Yi said addressing a media briefing on the OBOR summit to be held on May 14 and 15.
OBOR is the official name for the multi-billion dollars Silk Road project initiated by Mr Xi to expand China's connectivity and strategic influence in the neighbourhood and the world.
The OBOR summit has posed a dilemma for India as the USD 46 billion China-Pakistan Economic Corridor (CPEC), a flagship project of the initiative which passes through the Pakistan-occupied Kashmir (PoK).
Commenting for the first time on India's objections over the CPEC, Mr Wang said, "You also mentioned CPEC, I want to reiterate that economic corridor is economic."
It is for the purpose of serving economic cooperation and development, Mr Wang said, replying to a question about what specific steps China was willing to take to address India's concerns to enable it take part in the OBOR summit.
"It (CPEC) has no direct link with (the) political and boundary dispute. Certain sections of the CPEC have raised concern on the Indian side. But these disputes are not the result of the economic corridor and economic activities," Mr Wang said.
Economic activities in these regions are not the direct result of the CPEC. China has been providing support to Pakistan in these areas for many years, Mr Wang said. "China is contributing to the development of neighbouring countries," he said.
"As for the dispute of Kashmir, China's position remained unchanged. Also, the CPEC has no relationship with the dispute in certain regions... If India wants to take part in the OBOR, there are many channels and ways," he said.
"We have taken note of India's positive attitude on this. In addition to the BCIM economic corridor, we can also have further discussion of cooperation on the OBOR," Mr Wang said.
He said 28 heads of state and government will participate. Russian President Vladimir Putin, Pakistan Prime Minister Nawaz Sharif, Sri Lankan Premier Ranil Wickremesinghe and Myanmar State Councillor Aung San Suu Kyi are among the leaders who have confirmed their participation.
"Although, an Indian leader will not be here but India will have a representative," Mr Wang said, without specifying who would be representing India. "We welcome Indian representatives, members of the Indian business community and financial community to take part in the discussions at the summit," he said.
In addition to the 28 leaders, 16 Foreign Ministers and Vice Ministers, 190 officials of 92 countries will be taking part in the summit which would discuss various aspect of the project, he said. Representatives of 110 countries besides UN Secretary General, heads of World Bank and IMF will also be taking part in the event, Mr Wang said.
However, leaders of many top western countries, including the US, the UK, France, Germany and Australia are not attending the summit, billed as China's most prestigious event. Leaders of Singapore, Brunei and Thailand are also likely to skip the event.
Mr Wang played down their absence, saying that it was an initiative of economic cooperation. "We don't want to politicise this initiative. Since the initiative was put forward, it received active response from over 100 countries, international organisations, that figure speaks volumes," he said.
He said France and Germany have expressed desire to participate, but their leaders were busy with elections. Germany is deputing a minister. UK's Chancellor of the Exchequer too will participate in the event, he said.
The OBOR, includes a maze of connectivity projects, connecting China with Euro-Asia besides the neighbourhood. It includes 21st century Maritime Silk Road to connect China with different ports in the world as well as the CPEC and the BCIM. While India has reservations over the Maritime Silk Road as it impacts Indian Ocean which is pivotal for India's security interests, New Delhi has backed the BCIM and was actively supporting it.