#TopicalTuesday- India – China, to be entrepreneur buddies?
China wants India to encourage its industries under ‘Make in India’! A write – up in China’s state – run Global Times, says-
“India may want to consider offering more opportunities for Chinese manufacturers to invest in the country.”
According to the newspaper, both countries could enjoy great potential in production capacity co – operation. Justifying with multiple reasons for this, the article reads, “A considerable part of China’s excess production capacity could be conductive in boosting the local economy if they can be transported to India.” It adds that many Chinese manufacturers have acquired far more advanced technology than some local Indian firms.
Defending themselves against allegations that China is bringing ‘heavy polluting production’ to India, the newspaper says, “There have been some obstacles restricting Chinese enterprises’ access into India, where some people worry that boosting India – China production capacity ties may also bring heavy polluting production into the country. But these concerns are unfounded.”
Citing the case of the newly opened plant by China’s leading train maker China Railway Rolling Stock (CRRC) Corporation in India, Gloal Times says, “…it will transform CRRC from a company that exports equipment to one that exports advanced production technology that includes more clean and green methods.” The move is hailed by some media as an opportunity for creating jobs for local people, but some Chinese netizens are not optimistic about China’s increasing manufacturing investment in India, the article observes. “One Chinese netizen suggested that China’s efforts could receive a cold shoulder from India. Not many netizens are rational economists, but chatter on the Internet does sometimes display a viewpoint that may circulate within Chinese society and influence investors,” it cautions.
China’s largest high speed train maker on Sunday announced that its first joint venture plant in India, worth $63.4 million, to repair and manufacture railway locomotive engines has started operations.
We hope to see further details of the deal and also look forward to the development of Chinese investment in the Indian market.
So, peeps, what do you have to say about this? Do let us know by commenting below.