In the month of October last year, when Chinese President Xi
Jinping visited India, Prime Minister Narendra Modi, wearing a corset, welcomed
him in Mahabalipuram in Tamil Nadu under South Indian traditions. Famous
elephants of Kerala were also exhibited during this period. Strategic and trade
issues were also discussed between the two countries.
Protests took place in different states of India on
Wednesday against the death of Indian soldiers in a clash with Chinese soldiers
in the Galwan Valley of Ladakh.
• Local businessmen
in Siliguri, a major industrial city of West Bengal, also decided to rename the
famous Hong Kong Market.
• The same was true of Ahmedabad city of Gujarat. A video is
becoming increasingly viral on social media, in which the public is seen
breaking the TV of the Chinese company.
• According to the news agency Reuters, Chinese mobile
company OPO on Wednesday canceled the online launching program in India.
Can Make in China be spoken to in a jolt?
To know and understand this, it is important to know what
China sells to India. And what does China buy from India?
The things China sells to India are:
• Machinery
• Telecom Equipment
• Electrical equipment
Organic chemicals ie organic chemicals and
•Compost
China exists somewhere, in some form or another, in India's
kitchens, bedrooms, in the form of air conditioning machines, mobile phones,
and digital valets. "Get something new, get something cheap and get
something very beautiful" When every customer demands it, the merchant has
no option but to buy Chinese goods. So whether it is Sadar Bazaar in Delhi or
Hong Kong market of Siliguri in West Bengal, all the Chinese are packed with
goods.
In such a situation when the news of quoting central
government sources in Indian media that BSNL and MTNL have been ordered to stop
using Chinese devices for 4G, then a question arises as to how feasible this
actually is. Therefore, know how much China's investment in India is. Chinese
investment China has invested more than six billion foreign direct investment
in India, while its investment in Pakistan is more than 30 billion dollars.
The Gateway House, Mumbai-based foreign affairs think tank,
has identified 75 companies in India that invest in services such as
e-commerce, fintech, media / social media, aggregation services and logistics,
and China.
Its recent report has revealed that China has a major stake
in 18 out of 30 unicorns of India. Unicorn is called a private startup company
that is worth a billion dollars. The report says that due to the nature of investment in the technology sector, China has occupied India. ByteDance, for example, is the parent company of Tiktock,
which is from China and is very popular in India as compared to YouTube. The Indian government was a little cautious on strategic Chinese investment.
Recently, it postponed its new Foreign Direct Investment (FDI) policy, saying
that all investments in landlocked countries with India would need approval
before investment. China has more advantages in business. In 2018, the trade relations between the two countries
reached new heights and the trade between the two countries was $ 95.54
billion.
Business is growing, it does not mean that both are getting
equal.
According to the website of the Indian Foreign Ministry, in
2018, India China had a turnover of $ 95.54 billion, but the goods exported by
India in it was worth $ 18.84 billion. This means that China bought fewer goods from India and sold
more than four times that amount. In such a situation, China has benefited more
in this business. India's goods in China the main things that India sells to
China are: Cotton means cotton Copper means copper Diamond and other natural
gemstones the medicines IT services Engineering services Apart from this, India
also sells rice, sugar, many fruits and vegetables, meat products, cotton yarn,
and cloth. Another thing that is worth noting here is that for many goods that
we sell to other countries, we also buy raw materials from China, such as
medicines.
