China is key to Sri Lanka’s progress: Survey

[Banglar Bir]

China is key to Sri Lanka’s progress: Survey
SAM Report, August 18, 2017

Close to 72% of the respondents of an island wide poll conducted for business magazine LMD by research firm Kantar TNS believe that China is key to Sri Lanka’s economic progress.

Survey participants point out that China ‘provides donations and credit facilities to Sri Lanka’ while also being ‘the main contributor to large-scale projects implemented here’. Only 15% disagree with this notion while the rest are unsure.

Meanwhile, according to LMD, less than half (42%) of those surveyed state that India is also key to Sri Lanka’s progress. They cite India’s ‘continuous support for Sri Lanka’ when disasters and problems occur as being one of the main reasons for this notion. However, another 40% say otherwise while the rest (18%) state they do not know. The magazine also reports that “just over a quarter of those polled feel that India can be relied on in the long term…here too a greater share (51%) of respondents point to China as the preferred choice.”

However, at least six-in-10 survey respondents feel that our India-China relations are balanced, LMD notes. Citizens point to treating India and China as equal partners, maintaining our independence, improving trade with China and India, and offering concessions to them as a means of managing Sri Lanka’s relations with the Asian superpowers.

LMD’s publisher, Media Services, says the August edition of the pioneering business magazine has been released to leading supermarkets and bookstores in Colombo and the outstations.

Its cover story features an exclusive interview with the Chairman of the Colombo Stock Exchange Ray Abeywardena, who says it is time Sri Lanka makes good on its promise to be a regional investment hub.

SOURCE DAILY FT
http://southasianmonitor.com/2017/08/18/china-key-sri-lankas-progress-survey/

 

[navtrek]

China is key to Sri Lanka’s progress: Survey
SAM Report, August 18, 2017

Close to 72% of the respondents of an island wide poll conducted for business magazine LMD by research firm Kantar TNS believe that China is key to Sri Lanka’s economic progress.

Survey participants point out that China ‘provides donations and credit facilities to Sri Lanka’ while also being ‘the main contributor to large-scale projects implemented here’. Only 15% disagree with this notion while the rest are unsure.

Meanwhile, according to LMD, less than half (42%) of those surveyed state that India is also key to Sri Lanka’s progress. They cite India’s ‘continuous support for Sri Lanka’ when disasters and problems occur as being one of the main reasons for this notion. However, another 40% say otherwise while the rest (18%) state they do not know. The magazine also reports that “just over a quarter of those polled feel that India can be relied on in the long term…here too a greater share (51%) of respondents point to China as the preferred choice.”

However, at least six-in-10 survey respondents feel that our India-China relations are balanced, LMD notes. Citizens point to treating India and China as equal partners, maintaining our independence, improving trade with China and India, and offering concessions to them as a means of managing Sri Lanka’s relations with the Asian superpowers.

LMD’s publisher, Media Services, says the August edition of the pioneering business magazine has been released to leading supermarkets and bookstores in Colombo and the outstations.

Its cover story features an exclusive interview with the Chairman of the Colombo Stock Exchange Ray Abeywardena, who says it is time Sri Lanka makes good on its promise to be a regional investment hub.

SOURCE DAILY FT
http://southasianmonitor.com/2017/08/18/china-key-sri-lankas-progress-survey/

I am really not sure how these infrastructure projects help Srilanka.
It will all help only when they are able to pay the loans back in time and generate twice the money they invested. But the current trend of whats happening in Srilanka shows the exact opposite they are now selling off these projects to Chinese companies.

I don't blame China. Chinese are businessmen Its the politicians who are corrupt in South Asia. They will just sell their whole country and be reduced to becoming pawns.

 

[wiseone2]

I am really not sure how these infrastructure projects help Srilanka.
It will all help only when they are able to pay the loans back in time and generate twice the money they invested. But the current trend of whats happening in Srilanka shows the exact opposite they are now selling off these projects to Chinese companies.

I don't blame China. Chinese are businessmen Its the politicians who are corrupt in South Asia. They will just sell their whole country and be reduced to becoming pawns.

I don't blame Sri Lankan politicians. they are out of ideas to improve their country. they are throwing darts. one of the darts are these infrastructure projects.

I have asked Sri Lankan posters before on the economic plans for Sri Lanka.

1. They want to make things and export it to the rest of the world
No idea what they will make or how will own the factories or what the markets are ?

2. They want to be a hub for India
IMO India would build her own ports for efficiency.

 

[Gibbs]

1. They want to make things and export it to the rest of the world
No idea what they will make or how will own the factories or what the markets are ?

I dont think any sane Lankan poster would have stated that unless a troll.. pls quote.. Lankans seldom build castles in the sky like some of it's neighbors do

SL can never be a manufacturing hub it's too small to compete with more populous countries in Asia, What it aims to be is a logistic, service and financial hub in the Indian ocean region.. Already it's operates as the largest port in the region no Indian port can compete as it is with Colombo, Majority of Indian transshipments also goes through Colombo because it's more financially viable for the Indian exporters

When the Colombo financial city comes up, (Already in progress) it will have special legislation like Dubai and will operate as a financial hub for ease of business in the region

2. They want to be a hub for India
IMO India would build her own ports for efficiency.

Infrastructure alone doesn't make a port a logistical hub, It has to come with efficiency of connected services.. World shipping industry work on many aspects like goodwill, reputation and security matters.. Non of the Indian ports nor those in the pipeline can compete with Colombo in that aspect.. Nor can any of the current ports in India have the capacity to berth mega ships like Colombo South harbor terminal can

@Shotgunner51

 

[wiseone2]

I dont think any sane Lankan poster would have stated that unless a troll.. pls quote

SL can never be a manufacturing hub it's too small to compete with more populous countries in Asia, What it aims to be is a logistic, service and financial hub in the Indian ocean region.. Already it's operates as the largest port in the region no Indian port cannot compete as it is with Colombo, Majority of Indian transshipments also goes through Colombo because it's more financially viable for the Indian exporters

When the Colombo financial city comes up, (Already in progress) it will have special legislation like Dubai and will operate as a financial hub for ease of business in the region

Infrastructure alone doesn't make a port a logistical hub, It has to come with efficiency of connected services.. World shipping industry work on many aspects like goodwill, reputation and security matters.. Non of the Indian ports nor those in the pipeline can compete with Colombo in that aspect.. Nor can any of the current ports in India have the capacity to berth mega ships

@Shotgunner51

Singapore and Dubai are serious competition for the hub. The hub model is not enough to generate jobs for 25 million people.

As the volume of the Indian trade goes up look for Indian ports to develop
http://www.thehindubusinessline.com...-cant-compete-with-colombo/article6698168.ece

" World shipping industry work on many aspects like goodwill, reputation and security matters.. "
Indian ports have all of those. They lacks the infrastructure.

 

[Gibbs]

I don't blame Sri Lankan politicians. they are out of ideas to improve their country. they are throwing darts. one of the darts are these infrastructure projects.

Indian and western media keeps crying out about two or three infrastructure projects the Chinese have undertaken that have failed not due to their incursions but because of governing regimes in the island have made them failures

But those are mere a handful out of dozens of more successful ones that no one comments of from highways to power plants and others

" World shipping industry work on many aspects like goodwill, reputation and security matters.. "
Indian ports have all of those. They lacks the infrastructur

No they don't.. The only port in India that even comes close to competing with Colombo is JNT.. And thats something they have built upon for decades since independence.. You have little understanding how global maritime trade work

Indians are spending a lot on new ports but just infrastructure alone wont make them get shipping lines to come

Singapore and Dubai are not competitors they're complimentories

 

[wiseone2]

Indian and western media keeps crying out about two or three infrastructure projects the Chinese have undertaken that have failed not due to their incursions but because of governing regimes in the island have made them failures

But those are mere a handful out of dozens of more successful ones that no one comments of from highways to power plants and others

How is Hambantota Port failure due to politician ? May be the politicians should not have inked the deals

No they don't.. The only port in India that even comes close to competing with Colombo is JNT.. And thats something they have built upon for decades since independence.. You have little understanding how global maritime trade work

Indians are spending a lot on new ports but just infrastructure alone wont make them get shipping lines to come

Singapore and Dubai are not competitors they're complimentories

JNT is the new name for Nava Sheva. It was built in late 1980s.
If the final destination for the cargo is India they will ship them to Indian ports.

The hub model works for Dubai and Singapore. For Singapore and Dubai they have rich governments that have excellent banks, excellent flagship airlines and low number of native population. Sri Lanka is wasting time.

 

[Gibbs]

How is Hambantota Port failure due to politician ? May be the politicians should not have inked the deals

It was a personal ego project of Mahinda Rajapaksa, They expedited without going through thorough assessment, The location itself is not the issue but the way they built it without the accompanying services around it to run a port.. Chinese are investors they will invest where their money is needed but it's the prerogative of the local governments to make those investments viable

 

[wiseone2]

It was a personal ego project of Mahinda Rajapaksa, They expedited without going through thorough assessment, The location itself is not the issue but the way they built it without the accompanying services around it to run a port.. Chinese are investors they will invest where their money is needed but it's the prerogative of the local governments to make those investments viable

The only major destination you have is India. You have a threat of shipments going directly to India.

 

[Gibbs]

The hub model works for Dubai and Singapore. For Singapore and Dubai they have rich governments that have excellent banks, excellent flagship airlines and low number of native population. Sri Lanka is wasting time.

Lol.. If you say so

Thats why Colombo is the 28th out of the top 50 ports in the world and keeps climbing year on year, While Jawahalal Nehru which is the best India can throw doesnt even come close the port that handles 55% of all India's shipments.. Yeah the top port of a country thats more than 60 times the size and economy of Sri Lanka.. PDF sure brings out some hilarious self confessed "experts" on everything

http://www.worldshipping.org/about-the-industry/global-trade/top-50-world-container-ports

The only major destination you have is India. You have a threat of shipments going directly to India.

Colombo and Hambantota are directly on the East West shipping line of the Indian ocean, No major shipping line is going to divert and go hundreds of kilometers just because India builds a new port.. Its far more cheaper for them to transship it from Colombo or Hambantota.. Have you heard about bunkering ? Read it up

I just wonder why they couldn't convince Indian exporters to ship thier goods from Indian ports ?

 

[wiseone2]

Lol.. If you say so

Thats why Colombo is the 28th out of the top 50 ports in the world and keeps climbing year on year, While Jawahalal Nehru which is the best India can throw doesnt even come close the port that handles 55% of all India's shipments.. Yeah the top port of a country thats more than 60 times the size and economy of Sri Lanka.. PDF sure brings out some hilarious self confessed "experts" on everything

http://www.worldshipping.org/about-the-industry/global-trade/top-50-world-container-ports

India ports handle 555 million tons
Columbo, Sri Lanka handle 5 million tons

How many jobs does it create for Sri Lanka ? - about 10,000
What is Sri Lanka's population 23 million ?

I say good luck

Lol.. If you say so
Colombo and Hambantota are directly on the East West shipping line of the Indian ocean, No major shipping line is going to divert and go hundreds of kilometers just because India builds a new port.. Its far more cheaper for them to transship it from Colombo or Hambantota.. Have you heard about bunkering ? Read it up

I just wonder why they couldn't convince Indian exporters to ship thier goods from Indian ports ?

the volume was not there in the past

 

[Gibbs]

India ports handle 555 million tons
Columbo, Sri Lanka handle 5 million tons

How many jobs does it create for Sri Lanka ? - about 10,000
What is Sri Lanka's population 23 million ?

I say good luck

Of which more than 60% goes through Colombo and Hambantota.. Lol

Not sure

20 million

So far Lankans have done well in every conceivably development aspects despite odds, Without any best wishes from India.. So no need to wish any luck, They will keep chugging along

 

[wiseone2]

Of which more than 60% goes through Colombo and Hambantota.. Lol

Excuse me ... 60% of 555 million tons going through Colombo ???

 

[Gadkari]

How is Hambantota Port failure due to politician ? May be the politicians should not have inked the deals

JNT is the new name for Nava Sheva. It was built in late 1980s.
If the final destination for the cargo is India they will ship them to Indian ports.

The hub model works for Dubai and Singapore. For Singapore and Dubai they have rich governments that have excellent banks, excellent flagship airlines and low number of native population. Sri Lanka is wasting time.

The whole explanation is idiotic.

Why would India need a port in SL when India itself has 12 Major ports and 200 minor ports and one of the largest coast lines in the world ?

In fact there is no connecting road between India and SL for any goods that land in SL to move to India. It will agian have to be "shipped" to India

Second point of being a Financial hub like Singapore and Dubai.

Singapore had the first movers advantage and served as a launch point for US investors to funnel money into Asia. It also had favorable visa agreement with the US. SL has no such advantage.

Similarly Dubai served as a launch off point for US and EU money into Middle east due to its Facilities and Lack of restrictions, unlike the neighborhood. It also had the advantage of being the only place of freedom for all those people with Oil money to enjoy s-e-x and booze. It was bang in middle of an oil rich region which did not know how to handle the kind of money it was making. That is how it became a financial capital. SL again has no such advantage.


Final point is about being a "service" center. India already is the IT and call center capital of the world with its HUGE english speaking population. In fact the service industry in India is Bigger than the Manufacturing Industry and its Maturity sets global service standards.


I fail to see what "service" SL can offer that India cannot offer.


The safest bet for SL would be tourism, and not these ludicrous ideas.

 

[Gibbs]

Excuse me ... 60% of 555 million tons going through Colombo ???

More than 60% of all Indian exports are trasshipped through Col