China to invest $100 billion in India over 5 years

[Kloitra]

Can anyone please tell the value of comparable anticipated Chinese investments in Pakistan? Just curious..

There was a thread recently, $50 billion in next 3 years.

 

[RISING SUN]

China to invest $100 billion in India over 5 years

Jinping will land in Modi's home state Gujarat on September 17 — the Prime Minister's birthday — following his visit of Tajikistan, Maldives and Sri Lanka.​

MUMBAI: Chinese president Xi Jinping will bring along with him $100 billion or Rs 6 lakh crore of investment commitments over five years during his upcoming India visit next week. This is nearly thrice the $35 billion secured by Prime Minister Narendra Modi during his Japan trip.

Jinping will land in Modi's home state Gujarat on September 17 — the Prime Minister's birthday — following his visit of Tajikistan, Maldives and Sri Lanka.

Confirming this, Liu Youfa, China's consul-general in Mumbai, told TOI, "On a conservative estimate, I can say that we will commit investments of over $100 billion or thrice the investments committed by Japan during our President Xi Jinping's visit next week. These will be made in setting up of industrial parks, modernization of railways, highways, ports, power generation, distribution and transmission, automobiles, manufacturing, food processing and textile industries."

The consul-general's statements coincide with Modi's call for world class infrastructure projects after his review of major infrastructure sectors on Friday. The government also announced new projects worth Rs 9 lakh crore in energy, power, and roads.

China will initially invest $7 billion in industrial parks in Pune and Gandhinagar. "The Pune industrial park — spread across 5 square kilometres with an investment of $5 billion — will be for automobiles that will employ one lakh people and manufacture 1.5 lakh speciality vehicles. The Gujarat industrial park will be for manufacturing power equipment. China is also working on setting up an industrial park in Tamil Nadu for the textile sector and another one for the food processing sector," said Liu.

READ ALSO: China seeks private investments in railway sector - The Times of India

Chinese investments in industrial parks are just the tip of the iceberg as Chinese firms are eyeing over $50 billion worth of investments in modernization of the Indian railways and running bullet and hi-speed trains in India. Modi on Friday said that the railways have been granted clearance for 100% FDI, and therefore it should come up with a comprehensive plan for facilitating FDI in the sector.

In this photograph taken on July 15, 2014, Chinese President Xi Jinping (left) shakes hands with Prime Minister Narendra Modi during the 6th BRICS Summit in the Brazilian city of Fortaleza. (AFP Photo)
​

"The first bullet train project was given to Japan, which was a government decision. We are optimistic of building India's next bullet train in India. Besides bullet trains, we want to connect the cities with high-speed trains with speed of 160 km/hr. We will also look at modernization projects of Indian Railways across the country," said Liu.

China is willing to invest another $50 billion in roads, ports and the NDA government's ambitious river-linking plan. "India has over 600 reservoirs that need dredging work to provide better irrigation systems for the farmers. We are looking to work on that. Besides, our major thrust will be on construction of roads and ports," said Liu.

On Friday, road transport and highways minister Nitin Gadkari announced the launch of new roads and highways projects this year worth Rs 2 lakh crore.

Power minister Piyush Goyal said that $100 billion of investments are likely to flow into India's renewable sector in the next four years. Oil minister Dharmendra Pradhan, while meeting Odisha chief minister Naveen Patnaik, said that Odisha alone will receive about Rs 1 lakh crore worth of investment in the next five years in petrochemicals, oil & gas pipelines, LNG & LPG terminals, and strategic oil reserves to make it the 'energy gateway for eastern India.

The Chinese president is coming with a delegation of over 100 business heads, including those from China Harbour, China Railway Construction Group and Huawei, among others, and will address a business gathering of over 400 Indian CEOs in Delhi. The big four Chinese banks — Bank of China, Industrial & Commercial Bank of China (ICBC), China Construction Bank and the Agriculture Bank of China — are also coming with the delegation to give billions of dollars in loans to Indian infrastructure projects to be done in joint venture with Chinese firms.

"All major JV projects will be funded by Chinese banks. Major corporate houses like Tatas, Infosys, Reliance and Essar have already taken loans from these banks and the funding will only increase," said Liu.

Source:- China to invest $100 billion in India over 5 years - The Times of India

@Nihonjin1051 @Chinese-Dragon​

It is a two way scenario. There are so many places to invest in the world but still money is excess. India can absorb this excess amount. India is so much backward in current tech scenario that it has managed to buils some basic infrastructure only. So matter how much investment we recieve, will be still funds deficient for infrastructure building. So other country provides funds we build they earn profit we get infrastructure they get goodwill of Indian people and support of India where they want. No strings attached.

 

[SrNair]

see forget the full committed amout

even if 20% materialises then wahts the problem

even 20% makes it 27billion dollars

It is not that bad friend.We are running on a 40 billion$ trade deficit them.
But that is not the case with Japan

 

[Aepsilons]

This is ripe opportunity for Hindustan to take advantage of the ample resources flooding into Indian coffers. Use this responsibly to build infrastructure, expand on transportation systems, improve the energy sector. Best of luck to our good friends in India !

 

[acid rain]

35 Billion $ - Japan, 100 Billion $ - China and Modi will be going to US next I just hope that the pledges materialize

Half a trillion in trade and investments on the table in the US.

 

[Trawllu]

Half a trillion in trade and investments on the table in the US.

at what costs and
what terms & conditions will apply

GM crops
IP law tweaking
repeal of Nuclear liability law
100% FDI to be allowed in all sectors
priority to US cos in Govt etc sourcing

at what costs, terms & conditions are those half a trillion dollars available?

 

[acid rain]

at what costs and
what terms & conditions will apply

GM crops
IP law tweaking
repeal of Nuclear liability law
100% FDI to be allowed in all sectors
priority to US cos in Govt etc sourcing

at what costs, terms & conditions are those half a trillion dollars available?

Most are defence, IT and online retail endeavours. Plus, investments in infra, energy and security.

 

[Nova2]

Thats like $28billion of investment each year as of now, not bad. There has to be a lot of investment done in infra and in development of various tier 2-3 & small cities. Lets see what US can come up wid !

 

[Kloitra]

at what costs and
what terms & conditions will apply

GM crops
IP law tweaking
repeal of Nuclear liability law
100% FDI to be allowed in all sectors
priority to US cos in Govt etc sourcing

at what costs, terms & conditions are those half a trillion dollars available?

Stop being so paranoid. There was a nuclear deal with US, a historic one. What did US gained from it? How many nuclear plants did they get to establish vs how many did other countries?

And what is IP law tweaking?

 

[IndoUS]

This is not gonna sit well with a lot of people.

 

[janon]

Hindi-Cheeni bhai bhai, once again!!!

Seriously, it's time to put that niggling border issue to an end permanently.

BTW when a foreign entity invests in roads or rails, how do they benefit from it? Tolls?

Also, what exactly is the nature of the investment? Is it purely monetary, or are they going to be physically here to build? I'm pretty sure that Chinese workers will not be allowed, as they are in some African countries. So I suppose the Chinese company will hire Indian workers and build? If so, there is tremendous potential - they have built so many roads and rails in the past decades, and are highly experienced. Is it private firms that build roads in China, or is it the govt?

@Chinese-Dragon

 

[Trawllu]

Most are defence, IT and online retail endeavours. Plus, investments in infra, energy and security.

investment in defence

pure buy when we are developing our own weapons + they will sell to Pakistan

investment in energy
nukes - they are asking for repeal of nuclear liability law

infra ?

what specifics ?

 

[Astra-2013]

now US should invest at least $200 billion in infra and defense manufacturing hubs

and fab manufacturing plants

 

[Chinese-Dragon]

Hindi-Cheeni bhai bhai, once again!!!

Seriously, it's time to put that niggling border issue to an end permanently.

BTW when a foreign entity invests in roads or rails, how do they benefit from it? Tolls?

Also, what exactly is the nature of the investment? Is it purely monetary, or are they going to be physically here to build? I'm pretty sure that Chinese workers will not be allowed, as they are in some African countries. So I suppose the Chinese company will hire Indian workers and build? If so, there is tremendous potential - they have built so many roads and rails in the past decades, and are highly experienced. Is it private firms that build roads in China, or is it the govt?

@Chinese-Dragon

We don't own the infrastructure, we are just contracted to build it.

If we can do it efficiently then we stand to make a decent profit, as well as building up a good amount of experience and currency for our companies.

 

[Trawllu]

Stop being so paranoid. There was a nuclear deal with US, a historic one. What did US gained from it? How many nuclear plants did they get to establish vs how many did other countries?

And what is IP law tweaking?

No country got to establish nuke plants not only not US all ar estill in talks

all want india to remove its nuclear liability law ?- why should we remove it fi thier nuke plants are of highest quality? why should they be afraid ?

IP law tweaking is
removing compulsory licensing from IP law and + many things

which will firmly put the US+Eu pharma cos in control of indian medicine + drugs (as in pharma) market without any safeguards for india

Which will allow Gm crops with Terminator genes to be used by Global cos to dominate indian agri seeds markets without any safeguards for india

Our country automobile brand has been exported many countries, we Chinese reference to foreign technology and improve innovation, you what will India do? Can you talk about what the industrial product export

yes i can but in appropriate thread