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India may accept South China Sea offer

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New Delhi: Ahead of the visit of Vietnamese Prime Minister Nguyen Tan Dung to India next week, India on Friday indicated that it is open to accepting Vietnam’s offer, if found commercially viable, of participation in additional oil blocks in the South China Sea, despite Chinese concerns.

Asked if China’s concern on India’s presence in the South China Sea will be an impediment in the country accepting Vietnam’s offer of additional oil blocks to it, ministry of external affairs spokesperson Syed Akbaruddin said, “Vietnam has offered some oil blocks in the South China Sea.

We are examining it and if they are commercially viable for us we will take that into account and proceed further. India and Vietnam relationship is not contingent on other countries. Our relationship is a bilateral one and we focus on those bilateral issues.”

China and Vietnam have a tense relationship due to their stand-off over the South China Sea, a huge source of hydrocarbons. China has been objecting to India’s oil exploration projects in the South China Sea.

Increased economic engagement will be the focus during the Vietnamese Prime Minister’s visit next week.

On India’s extension of a $100 million line of credit for purchase of defence equipment by Vietnam, the ministry officials said it was under discussion for implementation and the government will see the progress as negotiations continue between Vietnam and Indian defence suppliers.

The Vietnamese Prime Minister will be accompanied by a delegation of 50 businessmen and will hold talks with the top Indian leadership on strategically-important bil-ateral issues of security and energy as well as regional matters on October 27 and 28. Before reaching New Delhi on October 27 evening, he will visit Bodh Gaya.

India may accept South China Sea offer
 
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Actually during 2012 the block offered by Vietnam had shown very little hydrocarbons, this recent development has Vietnam offering a few more blocks to scan for hydrocarbons, if the test is successful then a deal is likely to be struck.

Another diplomatic flamewar in the making
I guess our Government should recind part if not all of $20 bln investments in India :coffee:
It makes no sense supporting a regime which works with our enemy against our national interests :tdown::fie:
 
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Another diplomatic flamewar in the making
I guess the our Government should recind part if not all of $20 bln investments in India :coffee:
It makes no sense supporting a regime which works with our enemy against our national interests :tdown::fie:

Please by all means.
Let see if China actually does that.
 
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Another diplomatic flamewar in the making
I guess our Government should recind part if not all of $20 bln investments in India :coffee:
It makes no sense supporting a regime which works with our enemy against our national interests :tdown::fie:

You do know right that an investment is different from charity? An investment is any money spent with the expectation of earning returns in the future. If China is willing to spend 20 billion dollars , it means they expect to earn some profit out of it. So it's a give and take relationship. We are not supposed to feel obliged or eternally grateful or anything.
 
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Another diplomatic flamewar in the making
I guess our Government should recind part if not all of $20 bln investments in India :coffee:
It makes no sense supporting a regime which works with our enemy against our national interests :tdown::fie:
Go ahead, post your concerns to your Govt ;)
 
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Now we have a Pakistani spokesperson, for what India should do in International waters :lol:

You ppl have enough oceanic areas to drill oil from in your vicinity
Whytreading into the hot water area to create unnecessary frictions with your potential investor?
Are you too dumb to see it? :angry:
 
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You ppl have enough oceanic areas to drill oil from in your vicinity
Whytreading into the hot water area to create unnecessary frictions with your potential investor?
Are you too dump to see it? :angry:

If you dont invest othrr nations will invest.
Get a life idiot :sarcastic:
 
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firstly, we are not transgressing your territorial waters, secondly, china will be doing us a favor by not investing in our country, we have got Japs and other countries to do that for i believe enmity and friendship both should be pure.

Indians' intellectual level in stark display
If you have accepted Vietnam's invitation to drill oil in waters of great contention you are TAKING SIDES! :o::disagree::flame:
 
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