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Friction in Indo-China investments
Trade between India and China is booming and has surpassed early expectations. But CNBC-TV18 reports that while trade is friction-less, Chinese investments in India are not.
Trade between India and China is booming and has surpassed early expectations. But CNBC-TV18 reports that while trade is friction-less, Chinese investments in India are not.
Trade is gliding nicely between China and India ever since the thaw of 2003 and is expected to cross USD 20 billion, double the target set for last year. Trade is hugely in favour of China, but India is taking the deficit in its stride, and on the soaring wings of optimism has set an ambitious target of USD 50 billion for 2010.
Ashwani Kumar, MoS for Commerce & Industry says, "We realise that it is our economic strength that will give us the requisite negotiating leverage as and when we have to negotiate. So the flavour is on economic consolidation."
But it is not just the border. Even Chinese investments are getting quite contentious.Huawei Technonologies, a Shenzen based company, for instance, has been quite a draw with the private Indian telecom equipment buyers with its fetching combination of quality and affordable pricing.
Gautam Sharma, Dy Director, Huawei Technologies says, "We have got an order from Bharti , from Reliance etc. We are focusing more on private companies."
What Sharma does not say is the government firms are quite allergic to the company. It has won a small order for MTNL but failed to get a slice of the USD 6 billion GSM contract from state-owned BSNL , through Motorola, apparently because it failed to make the grade.
Gautam Sharma, Dy Director, Huawei Technologies says, "We have got an order from 
