oppn parties The Chinese Give Nothing Away

News Snippets

  • Ban on international flights extended till July 31
  • Reliance launches JioMeet to take on Zoom and other virtual meeting places
  • ICMR says the Covid-19 vaccine made in India, Covaxin, might be launched as early as 15th August
  • The Permanent Court for Arbitration says India is entitled to compensation in the Italian marines' case
  • China says it is "groundless and exaggerated" to claim that it follows expansionist policies
  • In a message to China, PM Modi says the era of "expansionism" is over
  • Prime Minister Modi says India will never bow to any world power
  • Film choreographer Saroj Khan breathes her last
  • China bans access to Indian news websites
  • PM Modi says that as Unlock-02 kicks in and more people resume working, people have to follow the rules even more religiously
  • PM Modi says that all citizens need to be vigilant against people who do not follow the rules in force, like wearing masks and maintaining social distancing
  • PM Modi warns the country that with the onset of the monsoon, more seasonal diseases will strike and citizens have to be more disciplined
  • Hero Cycles to buy the struggling Atlas Cycle group
  • RIL to buy the retail businesses of Future Group
  • Import licensing to be put in place for AC's TV's and other non-essential items
Prime Minister Modi visits Leh and Nimu in Ladakh to take stock of the situation arising out of the LAC stand-off with China and praises the soldiers injured in the Galwan clash
oppn parties
The Chinese Give Nothing Away

By Sunil Garodia
First publised on 2015-09-22 18:37:45

About the Author

Sunil Garodia Editor-in-Chief of indiacommentary.com. Current Affairs analyst and political commentator. Writes for a number of publications.
As the Prime Minister completes his tour of China, though he can cite many positives from the visit, the fact remains that Indo-Chinese relations are too complex and the distrust too deep rooted to be solved in one short visit.

Narendra Modi has been an admirer of the way the China has become the manufacturing hub of the world ever since his days as Gujarat chief minister. In fact, he had even visited China during as the state CM. Hence, the Chinese respect him. But they are unlikely to yield positions.

Though Modi showed immense trust by declaring e-visas for Chinese visitors, he also spoke his mind by asking the Chinese to be flexible on the border issue. His hosts, though, remained inscrutable as always on issues that matter.

Though he signed many government to government agreements and MOU’s worth $22bn were inked with Chinese entrepreneurs, Modi has been behind in providing the infrastructure and business climate needed to attract serious business proposal.

For ‘Make in India’ to be a serious mantra, the Modi government will have to ensure that a solution is found fast to the Land Bill, serious measures are taken to ease doing business, infrastructure is developed on a war footing, rampant corruption is checked, rings of vested interests that prevent government policy from fructifying are smashed and tax issues are not raked up or escalated.

As of now, if the Chinese have shown some interest it is only because India has the potential of offering a low cost base for outsourcing some of their vast manufacturing portfolio due to its lower labour and land costs. But when they find that delays and unforeseen expenses related to corruption are eating into their supposed profits, they will go away.

Hence, Make in India should start with a boost to Indian industry. If local units are successful, foreigners will come in hordes. The government should first look into the problems of local manufacturers. The Q4 results across sectors are middling to bad. The stock markets are going down. The IIP is stagnant. Banks do not find borrowers as no promoter is willing to invest in a climate of uncertainty. There are hundreds of large projects stuck, and as found, it is not only due to land problems. If our homegrown industry is not on a roll, how can we expect foreigners to pour in the dollars?