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  • ~ By Charmaine Mirza

    There’s no sale without scale. Or at least not in the virtual world. Ladies and gentlemen, grab your mouse tightly – the great e-commerce chess game has begun.

    As the Amazonian giant from the USA makes its great leap into the subcontinent, local e-commerce players in India, such as Flipkart and Snapdeal are scrambling. But wait – there just maybe a silver lining in the offing, as China rubs its magic lamp and produces an investor in the form of Alibaba.

    In a dramatic move that has swiveled eyeballs in the FinTech world, Alibaba has agreed to double up on its investment – putting down 1,100 crore (Approx. US$177 million) to increase its stake in PayTM, and more significantly, launch PayTM Mall, a direct rival to homegrown e-commerce players.

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  • ~ By Charmaine Mirza

    Even as Beijing’s citizens are making “lung cleansing” trips to Antarctica and Iceland to break free of a fossil-fuel smog encased China, the Chinese government is already taking action to make its citizens breathe easier. Perhaps Delhi needs to sit up and take notice before it has to declare more “state of emergency due to pollution” scenarios, like we witnessed in 2016.

    India is a country with enormous elemental abundance, which can easily be harnessed to create clean, efficient, economical energy.

    So where do we stand versus China in this matter?

    • In China installed wind capacity has crossed 129 GW in India installed wind capacity is approximately 23.4 GW
    • Installed solar capacity is over 43 GW in China; in India installed solar capacity is just about 5 GW
    • China is aiming for 150 GW of solar and 200 GW of wind by 2020; India’s target for 2022 is 100 GW of solar and 60 GW of wind.

    The National Energy Administration is planning a massive investment in renewable energy that are cleaner, greener, and more efficient – and has committed a stupendous investment of 2.5 trillion yuan to make China’s free of its dependency on fossil fuels by 2020. India is not all that far behind as one of the top ten investors in renewable sources of energy worldwide, but it have an uphill task ahead of her.

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  • inchin leadersAs rightly put by Shivshankar Menon, India’s former national security adviser,  the relationship between India and China is clearly under stress. “We need to find a new equilibrium between elements we’ve always been juggling — economic competition and complementarity, and strategic sensitivities” – he told the Financial Times.

    The sweet and sour neighbours, China and India have recently been at loggerheads over several issues which are gaining heightened importance as both stalwart heads of state, Prime Minister Modi and President Xi take charge of their bilateral affairs. The buzzword is that over a slew of meetings scheduled in the next 3 months, both leaders are expected to iron out their differences and tango more in complement with each other.

    The first visit on August 12 was by Wang Yi, China’s foreign minister to New Delhi. The aim of the meeting was to lay the communication groundwork before the upcoming G20 Summit in Hangzhou, China and the BRICS Summit in Goa, India. In other wards, it was Mr. Wang’s agenda to make sure India doesn’t stoke dissent against the South China Sea dispute. During his visit, Mr. Wang met Indian Prime Minister Narendra Modi, National Security Adviser Ajit Doval, External Affairs Minister Sushma Swaraj and the Governor and Chief Minister of Goa.

    Chinese state councillor and former foreign minister Yang Jiechi, who is Beijing’s designated special representative for border negotiations is also expected to visit India soon to quell tensions that have arisen with Beijing’s unilateral support of Pakistan. The flourishing friendship between India’s tense neighbours – China and Pakistan has created a strong rift in India China relations. With China asserting her infrastructural and investment muscle in Pakistan. Mr. Yang will need to come with a strong strategy if the two nations are going to support each other in the upcoming meetings.

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  • medical-tourism-in-india-swarna-18-638The Indian medical tourism industry is about see to high levels of adrenaline as patients from China increasingly look to their Southern neighbour for cheap medical drugs, high quality treatment and professional doctors.

    According to a report by the Federation of Indian Chambers of Commerce (Ficci) and KPMG accounting firm in September 2014, India has become the world’s fastest-growing medical tourism market receiving more than 230,000 medical tourism visitors, mostly from the West. India’s medical tourism market is expected to more than double in size from US$ 3 billion at present to around US$ 8 billion by 2020, according to a CII – Grant Thornton white paper.

    Almost 80 years after Dr. Kotnis went to China in a humble mission to help injured Chinese soliders, many Indian hospitals, Inchin Closer is talking to – are looking at attracting Chinese patients – especially oncology patients. The lure is simple, while oncology treatments costs an arm and a leg in China, the costs are substantially low in India. Take for example, in Russia heart surgery costs US$ 20,000, but it only costs  US$ 6,000 in India. Prices for liver transplants in the United States are more than US$ 200,000, but only US$ 14,000 in India. Robotic knee surgery can cost up to US$ 80,000 in the Middle East and Australia, while in India for just costs US$ 10,000.

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  • ~ by Charmaine Mirza

    “…you cannot ignore a fifth of the world’s population…as an entrepreneur, if you have the opportunity to build both Amazon and Alibaba at the same time, you’d be crazy not to try.”

    Travis Kalenick, CEO Uber.

    Is Uber’s unicorn cowboy trying to do precisely this?

    As the date for its hyped up IPO draws closer, investors are questioning whether the unicorn will be a rainmaker – or be reined in.

    On the surface, it appears as if Kalenick has sacrificed his Alibaba genie for the Amazonian advantage. After losing two billion USD initially in a head to head battle with Chinese rival Didi Chuxing, Uber has “closed” its China operations, a move that investors see as positive, given the losses it has racked up – but will it turn the tide completely for Uber’s global push?

    Inchin Closer reviews the situation from an Asian perspective.

    • Is Uber moving out of China or simply taking a strategic side-step that may light its candle at both ends – for its US IPO, and its Chinese market share?
    • Is Didi a friendly investor or a dragon crouching in the shadows, waiting for the right moment?
    • Is Uber really being bought out, as it claims, or buying in?

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  • jaitley + guoliIndian Finance Minister Arun Jaitley is on a five day tour of China to pitch for Chinese investments from the slowing Chinese economy. India which is on a growth trajectory is aiming for 7.5 to 8 percent GDP growth at a time when China’s GDP has decelerated to 7 percent. While the Chinese are interested in investing in India – a neighbour and a large market most investors are yet skeptical on her policies. Mr. Jaitley’s aim is to convince Chinese bankers and wealth fund managers to invest in India.

    The finance minister is not alone. His visit was proceeded by the Chief Minister of several Indian states, the last being Mr. Shivraj Singh Chouhan, the CM of India’s central and second largest state Madhya Pradesh who was in Beijing, Shanghai and Guangzhou last week with a 20+ member business delegation to pump investments into his state. Madhya Pradesh has already allotted land at Pithampur towards Chinese investments in automobiles, pharmaceuticals and technology and has promised massive discounts in land, taxes and electricity.

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  • ~ by Charmaine Mirza India Inc. is reeling in the wake of the recent dismissal of Cyrus Mistry’s dismissal as CEO of Tata Sons, the promoter company of the Tata Group. The subsequent fracas between Ratan Tata and Cyrus Mistry that has ensued has raised many questions (and eyebrows). But the question that Inchin Closer is asking is if this will have an impact on the Tata Group’s interests in China. If so, which way will the balance tilt?

    • Cyrus Mistry was bullish on China as a market for future growth.
    • But the fact remains that the initial roots for the Tata companies’ businesses in China were already sown prior to him taking over.
    • There were also strategic alliances between the Tata Group and some provinces in China who foundations had already been laid under Ratan Tata’s stewardship.

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  • Indian & Chinese travellers ~ By Charmaine Mirza The verdict is in – the Asian cocoon has been shattered and Chinese and Indian travelers are taking wing! As they pole vault across the globe, they are ruthlessly outstripping their Western counterparts, to become the world’s next travel titans. The recent investment made by Ctrip of China into MakeMyTrip of India, only lends more credence to this fact. Nike Air Max 90 JCRD Heren From Iceland to Peru, to Bora Bora – these are the new frontiers for Asia’s travelati. Perennial favourites like South East Asia won’t go away, but Asian travelers are increasingly adventurous to go that extra mile – and spend that extra buck. Everyone wants a piece of the outbound Chinese travel pie – and why not, given that its growth is practically exponential. Read more

  • BATWe live in an interesting investment climate, where India and China can’t either do with or without each other. Nike Lunarestoa 2 Essential Cross border investments in online apps and platforms are breaking traditional barriers and creating healthy, profitable companies for both nations. Nike Free 4.0 V2 Goedkoop For the Indian start-up market to flourish, Chinese investments are important and a vital cog in the wheel that will turn the Indian economy around. For Chinese investors, India is a massive market, similar to theirs, with a huge growth potential. Smell a win-win situation? Yet there are hurdles, a lack of political will and diplomatic trust enter at various points in a healthy India-China relationship to often mar the smooth functioning and often put a spanner in the works. Nike Free Run 5.0 Goedkoop However, since there is a strong potential that the bond between India and China will withstand political head winds, Inchin Closer takes a look at the India strategy for the Big 3 Chinese investment heavy weights – Baidu, Alibaba and Tencent – or BAT as they are more commonly referred to. The article aims to demonstrate where these investment bell weathers are now and the direction they are looking at. It is expected to foretell, the direction Chinese investments into India will take and subsequently how the rest will follow. ALIBABA: A scion for a variety of low priced goods, Alibaba has recently tied up with Indian payments gateways Paytm to initially allow select Indian Indian sellers to source products from China at cheaper rates as well as help them with logistics and payments. India is an inevitable market for Alibaba for whom a developing market in search of cheap goods is perfect, as compared to Europe. Nike AIR Max 2017 Heren As a result, Alibaba India already has 4.5 million registered users, making it the world’s second largest market for Alibaba after China. Additionally, Alibaba invested US$680 million into Paytm last September making it the largest investor in the mobile payments leader. In October, Alibaba joined softbank to invest US$125 million out of a consolidated investment of US$500 million into Snapdeal an online shopping portal. Read more

  • cnfdi ~By Charmaine Mirza Chinese investment in India’s real estate sector increased six-fold in 2015, topping out at approx. US$870 million. The door is still wide open. The Indian government’s decision to allow 100 percent Foreign Direct Investment into the real estate sector has lead to a spike in interest from Chinese investors. Haryana has certainly jumped on the bandwagon. Nike Free TR Fit 3 Goedkoop Dalian Wanda’s MoU with the Haryana State government to develop the Wanda Industrial New City that spreads over 100 kilometers, has flagged off a trickle of investment from China into India that could turn into a steady stream. China Fortune Land Development is also sizing up large-scale industrial park projects in Haryana, while Gezhouba, another real estate player from the mainland, is eyeing an investment in Telengana. Not to be left far behind, Madhya Pradesh is also seeking Chinese help to develop large scale industrial projects, while in the private sector, financing major China Fosun International, is considering investing in Locon Solutions, the owner of housing finance start up, Housing.com. So why is there such a sudden gold rush from China into India’s real estate segment? Read more

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