Hardly any foreign investment into India, says China daily

[coffee_cup]

Do you agree with what China daily reports? And @Indians, you are welcome to feel good by comparing with Pakistan,

Hardly any foreign investment into India

BEIJING: Describing Prime Minister Narendra Modi's "relentless efforts at major power diplomacy" as the main achievement of his first year in office, a leading Chinese government mouthpiece said on Monday there is, however, little evidence of foreign direct investments coming into India.

"For the moment, there is little evidence of success for foreign investments from private enterprises," the state-run Global Times stated in an opinion piece, titled "Economy a dilemma for globe-trotting Modi", barely two days after Modi concluded his official visit to China.

"In the end, if any country tries to encourage investments to India, most of the programmes will be led by the government itself, with most of the private business sector skeptical about the whole idea," it said.

READ ALSO: Deals worth $22bn signed during PM's China visit

Pointing out that though India enjoyed a favourable diplomatic climate due to its ideal geographical position, the daily in a hard-nosed assessment of the country said that "even if New Delhi keeps persuading investors how promising it is to do business in India, the current situation is far from reassuring".

"Power failures happen frequently. There is a lack of decent roads and ports for transportation. Labour unrest occurs from time to time. Attracting investments against such backdrop will prove to be a major problem," it added.

The article said despite the fact that Modi's government has brought in a series of measures for investors, such as establishing special economic zones, free tax zones and free trade areas, some of these efforts have come up against resistance by state governments, which "hold great control over adopting policies for local economic development".

READ ALSO: Modi assures Chinese CEOs of his personal attention

Saying the US has been trying to cultivate India in its geopolitical strategy to contain China's rise, while Beijing desires to promote friendly ties with its neighbour, the article stated: "Modi has obviously realized this, that's why he started proactive international engagement soon after he assumed office."

"But India has long adhered to an independent foreign policy, with no interest in being manipulated to fight in anyone's corner," the mouthpiece said.

India, it said, has traditionally acted very prudently, "which can be seen from Modi embracing Putin while trying to cement closer ties with Washington at the same time".

 

[The Huskar]

Seems like Global Times is in a delusion that everybody in the world will digest whatever it spews.Modi must have rattled the Chinese cage pretty hard.

 

[WAR-rior]

Do you agree with what China daily reports? And @Indians, you are welcome to feel good by comparing with Pakistan,

Hardly any foreign investment into India

BEIJING: Describing Prime Minister Narendra Modi's "relentless efforts at major power diplomacy" as the main achievement of his first year in office, a leading Chinese government mouthpiece said on Monday there is, however, little evidence of foreign direct investments coming into India.

"For the moment, there is little evidence of success for foreign investments from private enterprises," the state-run Global Times stated in an opinion piece, titled "Economy a dilemma for globe-trotting Modi", barely two days after Modi concluded his official visit to China.

"In the end, if any country tries to encourage investments to India, most of the programmes will be led by the government itself, with most of the private business sector skeptical about the whole idea," it said.

READ ALSO: Deals worth $22bn signed during PM's China visit

Pointing out that though India enjoyed a favourable diplomatic climate due to its ideal geographical position, the daily in a hard-nosed assessment of the country said that "even if New Delhi keeps persuading investors how promising it is to do business in India, the current situation is far from reassuring".

"Power failures happen frequently. There is a lack of decent roads and ports for transportation. Labour unrest occurs from time to time. Attracting investments against such backdrop will prove to be a major problem," it added.

The article said despite the fact that Modi's government has brought in a series of measures for investors, such as establishing special economic zones, free tax zones and free trade areas, some of these efforts have come up against resistance by state governments, which "hold great control over adopting policies for local economic development".

READ ALSO: Modi assures Chinese CEOs of his personal attention

Saying the US has been trying to cultivate India in its geopolitical strategy to contain China's rise, while Beijing desires to promote friendly ties with its neighbour, the article stated: "Modi has obviously realized this, that's why he started proactive international engagement soon after he assumed office."

"But India has long adhered to an independent foreign policy, with no interest in being manipulated to fight in anyone's corner," the mouthpiece said.

India, it said, has traditionally acted very prudently, "which can be seen from Modi embracing Putin while trying to cement closer ties with Washington at the same time".

And what do you understand by this article?

 

[FunkyGen]

Seems like Global Times is in a delusion that everybody in the world will digest whatever it spews.Modi must have rattled the Chinese cage pretty hard.

Aap ke khilaaf sajish ki ja rhi hai....

 

[DoTell]

Title is a little misleading. The Chinese media only pointed out the lack of evidence.

That said, however, there is definitely no flood of money at the door steps of India waiting for the gate to open. Countries like Japan and China may put in some government investment for political reasons. But that is not sustainable. The significant game changers have to come from private companies and banks of all over the world. For that India needs to do more, much more than just lips service. To lure real business people you have to do things such as improving infrastructure, setting up favorable policies for tax, land acquisition etc to convince them that they can make profit by investing in your country. This is a slow process that will take patience, hard work and smart work.

 

[Luca1]

Foreign investors would not invest in a place where women are not safe and the government would fudge numbers. The Indian gov can easily raise tax or fees to confiscate foreign investments.

 

[Jlaw]

Foreign investors would not invest in a place where women are not safe and the government would fudge numbers. The Indian gov can easily raise tax or fees to confiscate foreign investments.

Next year Indian GDP will surpass $3 trillion!

mark Modi's math on this

 

[Chanakya's_Chant]

Do you agree with what China daily reports? And @Indians, you are welcome to feel good by comparing with Pakistan,

Facts and figures portray the opposite. We don't need to compare with Pakistan - you are simple out of the competition.

Seems like Global Times is in a delusion that everybody in the world will digest whatever it spews.Modi must have rattled the Chinese cage pretty hard.

Aap ke khilaaf sajish ki ja rhi hai....

And what do you understand by this article?

Political propaganda - the timing of such sponsored articles says it all. On the contrary FDI has surged in the first year of Modi administration and if this surge continues, then, 2015-16 would be the year with the second highest FDI ever received by the country since 2000 (when maintenance of data started).

Title is a little misleading. The Chinese media only pointed out the lack of evidence.

That said, however, there is definitely no flood of money at the door steps of India waiting for the gate to open. Countries like Japan and China may put in some government investment for political reasons. But that is not sustainable. The significant game changers have to come from private companies and banks of all over the world. For that India needs to do more, much more than just lips service. To lure real business people you have to do things such as improving infrastructure, setting up favorable policies for tax, land acquisition etc to convince them that they can make profit by investing in your country. This is a slow process that will take patience, hard work and smart work.

Agree - India is in desperate need of urgent taxation reforms - GST is a step taken in the right direction. The pace of reforms has been a little slow in the first year - the new government has a lot to do in this concern - hopefull they will deliver well.

Meanwhile India received $21.2 billion in inflows overall during the five-month period of October '14 to February '15, against $13.5 billion in the same period last year posting a surge of 56%. The inflow into the manufacturing sector alone saw a jump of 45% at $6.9 billion from $4.8 billion in the corresponding period a year ago.

If this surge continues, then, 2015-16 would be the year with the second highest FDI ever received by the country since 2000 (when maintenance of data started).

​

"Make in India" Drove FDI up by 56% - Manufacturing Sector Inflows up by 45%

Foreign investors would not invest in a place where women are not safe and the government would fudge numbers. The Indian gov can easily raise tax or fees to confiscate foreign investments.

Indeed, Foreign investors should consult top ANALists like lucchha1 before surging their investments as high as 56% in India.

Next year Indian GDP will surpass $3 trillion!

mark Modi's math on this

Indeed, we are planning to inflate the GDP by some $900 billion as China did.

Mark Xi and company on this!

Local governments inflated China’s GDP by $900 billion last year—and that’s not going to stop soon – Quartz

 

[pher]

what flow into india is just a pile of worthless investment MOUs.

 

[SrNair]

Foreign investors would not invest in a place where women are not safe and the government would fudge numbers. The Indian gov can easily raise tax or fees to confiscate foreign investments.

Robyn Lawley is fat and ugly.

Lol
Now a tabloid is trying to overrule the commitment of Chinese priemer and their corporates.


Those who want profit can invest here.Otherwise other nations and companies will invest.

 

[kadamba-warrior]

Robyn Lawley is fat and ugly.

Lol
Now a tabloid is trying to overrule the commitment of Chinese priemer and their corporates.


Those who want profit can invest here.Otherwise other nations and companies will invest.

Open an India-bashing thread and the luchcha @Luca1 will be the first to comment with glee! I mean, without fail!

I bet he spends his entire day looking for threads to bash India on PDF! I am yet to see somebody more obsessed to bash India even at the risk of looking like an idiot.

 

[Optimos Prime IA]

Very true . And check this

Why Southeast Asia’s biggest bank is now bullish on India – Quartz

 

[$@rJen]

Why very often Chinese Daily gets butthurt ???

 

[definitelynotIndian]

Next year Indian GDP will surpass $3 trillion!

mark Modi's math on this

Current economy is estimated at around 2.25$ trillion. It will be atleast 2017 or 2018 before 3 trillions.

 

[OrionHunter]

China daily???

A crappy tabloid full of nuts. High time they STFU! They're making a ruddy fool of themselves!