Rajeev Pandey (Mumbai) 08 Nov 2011, 13:07IST
The days of subsidies and concessions for Chinese Companies are also coming to an end soon. It is not a sustainable proposition in longer terms & China has done that for more than 25 years now & they know it better than us in any case. Bringing Chinese Companies to set up base here would only help two things; one - It would help Indian Companies getting more efficient & would help them manage cost & logistics, which Indian Companies need to learn afresh. Two- It would open up a new avenue for large capital & technology intensive industry that we do not much in this country. On top the alternatives of international trade in REDBACKS ( Yuan) would / may become a reality between the two most population nation having more than a third of world's population. China now flush with fund is also looking for its deployment gainfully for a better return. Modi's move is winning proposition for both the partners that is beyond trade. It should be taken positively. However, other political fall out of Chinese ingress are too risky to contemplate given their territorial ambitions & I am sure GoG under Modi must have given due consideration to all those issues. Even during mid 90's their were jitters when economy was getting liberalised & only the inefficient had the opportunity to catch up then & this renewed opportunity is provided once more by Modi's initiative. It should be welcomed.
No comments:
Post a Comment