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May, 2014

  • xi modiTo boost Sino-Indian relations, Chinese foreign minister Wang Yi will visit India on June 8 to meet Prime Minister Narendra Modi. The visit is to be followed by President Xi Jinping who is expected to be in New Delhi in November. The last Chinese head of state to visit India was Primer Li Keqiang in 2012. Going by the growth trajectory, China’s expectation from India’s newly sworn in government and the deals that were initiated in 2012, the president’s visit will promulgate China-India ties to a new crescendo.

    While their political ascent is drastically diverse – one a princeling, another an ordinary tea seller to prime minister, the hope is that Xi Jinping and Modi’s meeting will signal better days for our bilateral relations. On the cards are rising exports, consolidating their stance during international and regional meetings and coming to an agreement on the contentious border issue.

    The stakes are high. both governments have a vested stake to bring to the table. Many Indian companies including the Reliance group and Adani Power who have grown up in Modi’s backyard are indebted to the Chinese, further, as the Chinese economy stagnates, India is a highly lucrative market to invest in. How each goes about it and which interests are held will only be laid out when Xi and Modi meet in November, later this year.

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  • Indias new power circleIndias new Prime Minister Mr. Narendra Modi was sworn in on 26th May, 2014. As the 15th Prime Minister of the democratic, republic of India. As a man who has risen from a humble back ground, Mr. Modi is India’s first Prime Minister to be born after Indian independence from the British in 1947.

    Mr. Modi’s political ascent has been powerful and courageous. While he is reputed for transforming the Western state of Gujarat from an agricultural state to one of modern technology and manufacturing he is also accused in the Gujarat communal riots of 2002, where hundreds of innocent people lost their lives.

    Mr. Modi, who won by a sweeping majority has taken control of 282 seats in India’s lower house. Political analysts who expected this change, have attributed his success also to the fall of the Congress government which had held power in India since the past decade. Tired of being controlled by one political party, a lack of progressive policies and flax decision making coupled with high costs and a plunging economy, more than 800 million Indians voted for change. In a multi-part election process that is now the world’s largest democratic exercise, Indians collectively and decisively voted for better governance, and now that Mr. Modi has won majority power, he will need to deliver on his election promises.

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  • Premier Li in IndiaAll of a sudden, there is a flurry within Chinese business and diplomatic circles present in India. A sense of urgency prevails, to get things moving, paperwork pushed and machines brought in, companies established and capital pumped in, associations formed and collaborations sealed. The Chinese within India have jumped into action and want things done in double time. They finally want to see results.

    As India’s new Prime Minister gets sworn in today, many Chinese companies are going all guns to make their mark on the Indian subcontinent. Chinese companies who have up until now sat quietly on the sidelines speculating about where to invest are now swooping into the country to strike it rich.

    As China’s GDP falls from her supersonic highs, and the economy stagnates as inflation balloons, Chinese companies are looking beyond their comfort zone of South East Asia – which they’ve already explored and are now bolstered with cash to invest further afar. India is a prime target and Chinese companies already in India have crunched their numbers long before Modi said – I do.

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  • ENERGYRussia and China signed a historic deal today, marking not only US$400 billion for a 30 year gas deal, but more importantly altering the way the world will work international relations in the years to come. Furthermore, the deal was signed even as China was locked in a tense standoff with Vietnam over a Chinese oil rig drilling in the contested South China Sea.

    Just over 40 years ago Richard Nixon and Henry Kissinger persuaded China to turn against the Soviet Union and ally with America. Today, Russia’s move to guarantee China with energy marks a strong alliance between the formerly communist states which are Asia’s largest nations. The tectonic shift East and strategic alliance between China and Russia not only demonstrates who will be calling the shots in international politics but also smartly sidelines the USA who has been a dominant force between China and Russia.

    Next stop, India. Russia an old ally of India, is expected to sign a mega oil deal with a National Indian Oil company to secure energy for India. According to a Reuters report, Rosneft, the world’s top listed oil producer by output, may join forces with Indian state-run Oil and Natural Gas Corp to supply oil to India over the long term. Russia also has plans to triple oil flows to China to over 1 million barrels per day in coming years.

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  • Modi & Wang China is happy to have a single party to communicate with in India.

    They are also glad that Narendra Modi, India’s new elected prime minister is for economic development and efficiency, a wish they have been hoping India would ride on a long time ago.

    On Friday, India announced historic results of her national elections. Held once in five years, by 850 million people, the verdict was of a unanimous voice to change the current system of corruption, inefficiency and inertia in a system that was bursting with potential.

    The National Democratic Alliance led by the Bharatiya Janata Party (BJP) won a sweeping victory in the general election of India by crossing the 300 seat mark in the 543-seat Lok Sabha or lower house of parliament. The BJP’s prime ministerial candidate Mr. Narendra Modi will be India’s next Prime Minister, after the incumbent Congress party which has long had strong ties with China lost in its worst tally ever. Mr. Modi is expected to be sworn in as India’s Prime Minister on Wednesday, 26th May. 

    Chinese investments have long stayed on the sidelines, waiting for the Indian election results. Now, bursting with economic activity,  and supported by a leader who promises change, efficiency and economic growth on the lines of China, Chinese companies are keen to unleash their investments in India, especially in the manufacturing sector.

    Keen on helping India to prosper along Chinese growth lines, the BJP is a strong supporter of China’s model of economic development. Mr. Modi has not only encouraged Chinese companies to set up manufacturing plants in his home state Gujarat, but has also eased the process. Additionally, he has encouraged many of his expected ministers and cabinet members to learn Mandarin. Many of whom, including Smriti Irani have learnt the emperors tongue.

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