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March, 2014

  • BJP-Congress-AAP-Logo-Nat1India – the world’s largest democracy will hold its national elections in May this year when more than an billion people are expected to vote a new government into power. Coming quick on the heels of a government change in China too, Inchin Closer delves into how these new governments will deal with our age old sweet and sour relations.

    India has predominately 3 major political parties vying for the hot seat to lead the nation – the veteran Congress Party reigned by Sonia Gandhi a surname which resonates warmly in Beijing, the Bharatiya Janata Party controlled by Narendra Modi whose streak of progress in Gujarat has endeared Beijing and the new entrant Arvind Kejriwal of the Aam Admi Party or common man’s party who stands tall against corruption and like President Xi Jinping wants to clean up the system.

    The Indian elections are being keenly watched by China especially since President Xi Jinping plans to visit India later this year and recently expressed to Indian Ambassador Ashok Kantha that its his historic mission to strengthen ties with India. The party that is voted into power will carry the mantle for the next five years and will mark its imprint in sino-indian relations for years to come. Below Inchin Closer looks at what the major contenders have done till date vis a vis China, and what China anticipates of each party.

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  • china-india-tradeAs China gains prominence over Japan in India’s foreign relations, the new government in New Delhi has approved an in principal memorandum of understanding relating to the establishment of five industrial parks in India. The proposed parks expected to be started in the Indian states of Uttar Pradesh, Andhra Pradesh, Gujarat, Maharashtra and Karnataka, also hold a caveat; the India is allowed to establish similar industrial parks for Information Technology and Pharmaceuticals in China. India’s commerce and industry minister, Nirmala Sitharaman who is accompanying Vice-President Hamid Ansari to China this week is expected to meet her counterpart Gao Hucheng in Beijing to further strengthen this proposal. By holding a reciprocal agreement, India might just have a good deal on her hands. According to experts, allowing China to set up industrial parks in India will not only ascertain New Delhi to increase exports, but will also allow her to give her IT and Pharmaceutical sectors access to the huge Chinese market. Kept protected, India has been trying relentlessly to penetrate into these sectors of the Chinese market, yet by keeping their chips close, India seems to have found the secret sauce to not only permit Chinese companies to help develop her markets but also strategically enter China’s fiercely protected IT and Pharmaceutical sectors. In order to balance her odds, China will not be the only country to be given permission for an industrial zone, but Japan and South Korea too will be given atleast a zone each. While the project for the proposed five industrial parks has been on the cards for a while now, the approval for an MOU paves the way for a big ticket agreement to be ratified between the neighbours for when Preisdent Xi Jinping comes calling in November. While firm ground work was clearly laid by his Prime Minister Li Keqiang and Foreign Minister Wang Yi, signing the MOU would mean a huge step forward for China India relations. Besides enabling India to grab a more even footing in her balance of trade with China, the proposed MOU will also allow for more stagnating Chinese companies to be fed with an increasing number of Indian consumers. nike pas cher Analysts expect China’s economy to remain flat for a while now as prices peak and disposable incomes shrink. asics gel lyte pas cher Chinese B2C companies have been vying to enter the Indian market space owning to the work flag bearers Huawei and ZTE have put in to change Indian sentiments towards Chinese goods. nike air max 1 femme With prices of raw materials in China rising, including salaries and logistic costs, Chinese companies are extremely keen to both manufacture and sell to the burgeoning Indian consumer. While Indian consumer spending is still on the rise, Chinese companies are keen to capture a market of a billion strong and are hoping that the second largest market after China will help them remain buoyant. Read more

  • As China’s economy slows and India’s perks up in anticipation of the national elections in May this year, New Delhi is wooing Chinese investments into the country yet again. Saturation and inflation in the Middle Kingdom is making investments in India attractive, not only for the Chinese but also multinational companies (see Manufacturing in India grows as China slows).

    On Monday, newly appointed Indian ambassador to China Ashok K Kantha met with Shanghai Mayor Yang Xiong to explore trade opportunities between the countries. India is trying to promote the growth of software, pharmaceuticals and raw materials from India to China as India’s trade deficit yawns to US$35 billion from US$19 billion three years ago. China-India bilateral trade dipped to USD 66.5 billion last year and India has been asking China to boost investments to bridge the trade deficit.

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  • rajghatHave you ever seen a Prime Minister sweeping the street with such a proud? Just got down the flight from his US trip, the Prime Minister Modi surprised whole India again by holding the broom in front of the public… 2 October, it is always a very special date in every Indian’s heart. It is the birth anniversary of the father of the nation – Mr. Mahatma Gandhi. asics femme pas cher He led India to independence and inspired movements for civil rights and freedom across the world. His idea of “nonviolent civil disobedience” has been influencing on many generations. However, very less people knew that there was one more thing he was keen on – the cleanliness of the nation that has been left beyond for many years. But, this year, at the ceremony of his 145th birth anniversary, PM Modi launched the biggest campaign ever -“Swachh Bharat Abhiyan” (Clean India). He is aimed at making India a clean country by 2019 in order to fulfill the dream of Gandhi at his 150th anniversary. Read more

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