• Latest
  • Trending

In contrast to China’s projects abroad, India’s are “local-demand driven”

March 15, 2018
Beware of education agents

Beware of education agents

December 7, 2023
Keel of 4.000 T Sri Lankan floating dock laid at Goa Shipyard

Keel of 4.000 T Sri Lankan floating dock laid at Goa Shipyard

December 7, 2023
Seychelles declares State of Emergency after explosion and flooding

Seychelles declares State of Emergency after explosion and flooding

December 7, 2023
ChatGPT

Wikipedia’s most searched topics in 2023 revealed

December 7, 2023
Air Arabia to launch new route to Sri Lanka

Air Arabia to launch new route to Sri Lanka

December 7, 2023
Bangladesh won six international elections in November 2023

Bangladesh won six international elections in November 2023

December 7, 2023
The Central Bank of Sri Lanka (CBSL)

Sri Lanka to receive about $600m ADB funding post-IMF approval

December 7, 2023
How Israel is squeezing 1.8 million Palestinians into an airport-sized area

How Israel is squeezing 1.8 million Palestinians into an airport-sized area

December 7, 2023
Putin shakes hands with UAE Foreign Minister Sheikh Abdullah Bin Zayed at the airport in Abu Dhabi, December 6, 2023.

Putin makes rare foreign visit to UAE as Ukraine war grinds on

December 7, 2023
Samir Shah of Indian origin chosen to head the BBC

Samir Shah of Indian origin chosen to head the BBC

December 7, 2023
Air Astana

Air Astana launches direct flights to Sri Lanka

December 7, 2023
Hand grenade found from Dehiwala building

Hand grenade found from Dehiwala building

December 6, 2023
  • About Us
  • Advertisements
  • Privacy Policy
  • Contact
Thursday, December 7, 2023
No Result
View All Result
NewsIn.Asia
  • Home
  • Around South Asia
    • All
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
    Beware of education agents

    Beware of education agents

    Keel of 4.000 T Sri Lankan floating dock laid at Goa Shipyard

    Keel of 4.000 T Sri Lankan floating dock laid at Goa Shipyard

    Air Arabia to launch new route to Sri Lanka

    Air Arabia to launch new route to Sri Lanka

    Bangladesh won six international elections in November 2023

    Bangladesh won six international elections in November 2023

    The Central Bank of Sri Lanka (CBSL)

    Sri Lanka to receive about $600m ADB funding post-IMF approval

    Air Astana

    Air Astana launches direct flights to Sri Lanka

    Hand grenade found from Dehiwala building

    Hand grenade found from Dehiwala building

    Digitized national birth certificate

    Sri Lanka issues its first digitized national birth certificate

    Rain. Image credits - Max Bender @maxwbender / Unsplash

    Weather forecast for Sri Lanka; Cyclonic Storm “MICHAUNG” update to Sri Lanka

  • World
    • All
    • Japan
    • Russia
    • United Kingdom
    • United States
    ChatGPT

    Wikipedia’s most searched topics in 2023 revealed

    Air Arabia to launch new route to Sri Lanka

    Air Arabia to launch new route to Sri Lanka

    The Central Bank of Sri Lanka (CBSL)

    Sri Lanka to receive about $600m ADB funding post-IMF approval

    How Israel is squeezing 1.8 million Palestinians into an airport-sized area

    How Israel is squeezing 1.8 million Palestinians into an airport-sized area

    Putin shakes hands with UAE Foreign Minister Sheikh Abdullah Bin Zayed at the airport in Abu Dhabi, December 6, 2023.

    Putin makes rare foreign visit to UAE as Ukraine war grinds on

    Samir Shah of Indian origin chosen to head the BBC

    Samir Shah of Indian origin chosen to head the BBC

    Rizz

    Oxford’s Word of the Year 2023 announced

    Moody's

    Moody’s cuts China credit outlook to negative, cites lower growth, property risks

    UK unveils tougher visa rules in a bid to cut migration

    UK unveils tougher visa rules in a bid to cut migration

  • Business
  • Politics
  • Sports
  • Entertainment
    • All
    • Books
    • Gaming
    • Movie
    • Music
    • Series
    Taylor Swift

    Who is Spotify’s most-streamed artist of 2023?

    Disneyland. Image credits - Kon Karampelas / Unsplash

    The sad, lonely secret behind America’s never-ending wave of Marvel movies and Disney reboots

    The musician and entrepreneur announced he "decided to give up smoke." Image credits - Kevin Mazur/Getty Images

    Snoop Dogg giving up smoking weed?

    Blockbusters bring gangsters to Bollywood

    Blockbusters bring gangsters to Bollywood

    3rd Bangladesh Film Festival illuminates Colombo

    3rd Bangladesh Film Festival illuminates Colombo

    Jason Derulo

    Jason Derulo sued for sexual harassment by fellow singer

    Pandit Hariprasad Chaurasia’s Vrindaban Gurukul for new-age learners

    Pandit Hariprasad Chaurasia’s Vrindaban Gurukul for new-age learners

    Jawan is releasing on 4000 screens internationally. It is the widest release for an SRK centric film (Credit: Red Chillies Entertainment)

    This actor is so huge his fans lined up at 4.30 a.m. to watch his new movie

    Instagram. Solen Feyissa @solenfeyissa / Unsplash

    New report reveals highest earners from Instagram posts

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Science
    • Travel
    Travelers ready to set sail on cruises at record levels next year

    Travelers ready to set sail on cruises at record levels next year

    Visas. Image credits - ConvertKit @convertkit

    Free Sri Lankan visa for 7 countries: Regulations issued

    Airline / Flight

    Malaysia to allow visa-free entry to Chinese, Indian nationals from December 1

    Disneyland. Image credits - Kon Karampelas / Unsplash

    The sad, lonely secret behind America’s never-ending wave of Marvel movies and Disney reboots

    ‘Nas Daily’ signs agreement with Sri Lanka Tourism

    ‘Nas Daily’ signs agreement with Sri Lanka Tourism

    Travel. Image credits - Sacha Verheij / Unsplash

    The 24 best places to go in 2024

    SriLankan Airlines

    SriLankan Airlines introduces self-check-in kiosks, baggage drop at BIA

    Gasping for air: Delhi’s smog-laden winter  

    Gasping for air: Delhi’s smog-laden winter  

    World’s first whole-eye transplant hailed as breakthrough

    World’s first whole-eye transplant hailed as breakthrough

    Sri Lanka’s Pekoe Trail wins British Guild of Travel Writers Award

    Sri Lanka’s Pekoe Trail wins British Guild of Travel Writers Award

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Tech
    ChatGPT

    Wikipedia’s most searched topics in 2023 revealed

    Whatsapp. Image credits - AARN GIRI / Unsplash

    Protect your chat using secret code : New WhatsApp feature

    Google is deleting old Gmail accounts: Here’s how to save yours

    Google is deleting old Gmail accounts: Here’s how to save yours

    FILE PHOTO: The Apple Inc logo is seen hanging at the entrance to the Apple store on 5th Avenue in Manhattan, New York, U.S., October 16, 2019. REUTERS/Mike Segar

    Apple unveils its fastest iMac and MacBook Pro models yet

    Instagram. Solen Feyissa @solenfeyissa / Unsplash

    Instagram testing new feature that lets you add photos and videos to other people’s posts

    WhatsApp will soon allow users to use two accounts on one phone

    WhatsApp will soon allow users to use two accounts on one phone

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Coronavirus
  • Videos
  • Home
  • Around South Asia
    • All
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
    Beware of education agents

    Beware of education agents

    Keel of 4.000 T Sri Lankan floating dock laid at Goa Shipyard

    Keel of 4.000 T Sri Lankan floating dock laid at Goa Shipyard

    Air Arabia to launch new route to Sri Lanka

    Air Arabia to launch new route to Sri Lanka

    Bangladesh won six international elections in November 2023

    Bangladesh won six international elections in November 2023

    The Central Bank of Sri Lanka (CBSL)

    Sri Lanka to receive about $600m ADB funding post-IMF approval

    Air Astana

    Air Astana launches direct flights to Sri Lanka

    Hand grenade found from Dehiwala building

    Hand grenade found from Dehiwala building

    Digitized national birth certificate

    Sri Lanka issues its first digitized national birth certificate

    Rain. Image credits - Max Bender @maxwbender / Unsplash

    Weather forecast for Sri Lanka; Cyclonic Storm “MICHAUNG” update to Sri Lanka

  • World
    • All
    • Japan
    • Russia
    • United Kingdom
    • United States
    ChatGPT

    Wikipedia’s most searched topics in 2023 revealed

    Air Arabia to launch new route to Sri Lanka

    Air Arabia to launch new route to Sri Lanka

    The Central Bank of Sri Lanka (CBSL)

    Sri Lanka to receive about $600m ADB funding post-IMF approval

    How Israel is squeezing 1.8 million Palestinians into an airport-sized area

    How Israel is squeezing 1.8 million Palestinians into an airport-sized area

    Putin shakes hands with UAE Foreign Minister Sheikh Abdullah Bin Zayed at the airport in Abu Dhabi, December 6, 2023.

    Putin makes rare foreign visit to UAE as Ukraine war grinds on

    Samir Shah of Indian origin chosen to head the BBC

    Samir Shah of Indian origin chosen to head the BBC

    Rizz

    Oxford’s Word of the Year 2023 announced

    Moody's

    Moody’s cuts China credit outlook to negative, cites lower growth, property risks

    UK unveils tougher visa rules in a bid to cut migration

    UK unveils tougher visa rules in a bid to cut migration

  • Business
  • Politics
  • Sports
  • Entertainment
    • All
    • Books
    • Gaming
    • Movie
    • Music
    • Series
    Taylor Swift

    Who is Spotify’s most-streamed artist of 2023?

    Disneyland. Image credits - Kon Karampelas / Unsplash

    The sad, lonely secret behind America’s never-ending wave of Marvel movies and Disney reboots

    The musician and entrepreneur announced he "decided to give up smoke." Image credits - Kevin Mazur/Getty Images

    Snoop Dogg giving up smoking weed?

    Blockbusters bring gangsters to Bollywood

    Blockbusters bring gangsters to Bollywood

    3rd Bangladesh Film Festival illuminates Colombo

    3rd Bangladesh Film Festival illuminates Colombo

    Jason Derulo

    Jason Derulo sued for sexual harassment by fellow singer

    Pandit Hariprasad Chaurasia’s Vrindaban Gurukul for new-age learners

    Pandit Hariprasad Chaurasia’s Vrindaban Gurukul for new-age learners

    Jawan is releasing on 4000 screens internationally. It is the widest release for an SRK centric film (Credit: Red Chillies Entertainment)

    This actor is so huge his fans lined up at 4.30 a.m. to watch his new movie

    Instagram. Solen Feyissa @solenfeyissa / Unsplash

    New report reveals highest earners from Instagram posts

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Science
    • Travel
    Travelers ready to set sail on cruises at record levels next year

    Travelers ready to set sail on cruises at record levels next year

    Visas. Image credits - ConvertKit @convertkit

    Free Sri Lankan visa for 7 countries: Regulations issued

    Airline / Flight

    Malaysia to allow visa-free entry to Chinese, Indian nationals from December 1

    Disneyland. Image credits - Kon Karampelas / Unsplash

    The sad, lonely secret behind America’s never-ending wave of Marvel movies and Disney reboots

    ‘Nas Daily’ signs agreement with Sri Lanka Tourism

    ‘Nas Daily’ signs agreement with Sri Lanka Tourism

    Travel. Image credits - Sacha Verheij / Unsplash

    The 24 best places to go in 2024

    SriLankan Airlines

    SriLankan Airlines introduces self-check-in kiosks, baggage drop at BIA

    Gasping for air: Delhi’s smog-laden winter  

    Gasping for air: Delhi’s smog-laden winter  

    World’s first whole-eye transplant hailed as breakthrough

    World’s first whole-eye transplant hailed as breakthrough

    Sri Lanka’s Pekoe Trail wins British Guild of Travel Writers Award

    Sri Lanka’s Pekoe Trail wins British Guild of Travel Writers Award

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Tech
    ChatGPT

    Wikipedia’s most searched topics in 2023 revealed

    Whatsapp. Image credits - AARN GIRI / Unsplash

    Protect your chat using secret code : New WhatsApp feature

    Google is deleting old Gmail accounts: Here’s how to save yours

    Google is deleting old Gmail accounts: Here’s how to save yours

    FILE PHOTO: The Apple Inc logo is seen hanging at the entrance to the Apple store on 5th Avenue in Manhattan, New York, U.S., October 16, 2019. REUTERS/Mike Segar

    Apple unveils its fastest iMac and MacBook Pro models yet

    Instagram. Solen Feyissa @solenfeyissa / Unsplash

    Instagram testing new feature that lets you add photos and videos to other people’s posts

    WhatsApp will soon allow users to use two accounts on one phone

    WhatsApp will soon allow users to use two accounts on one phone

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Coronavirus
  • Videos
NewsIn.Asia
No Result
View All Result
Home Around South Asia

In contrast to China’s projects abroad, India’s are “local-demand driven”

Editor by Editor
March 15, 2018
in Around South Asia, Around The World, China, India, Top Story
Reading Time: 4 mins read
3 0
A A
33
SHARES
Share on WhatsApp

New Delhi, March15 (newsin.asia): In contrast to China’s development projects abroad, India’s projects are “largely demand-driven”  said India’s Foreign Secretary Vijay Gokhale to an Indian Parliamentary Standing Committee on External Affairs on February 16.

The report of the committee was tabled in the House last week.

Explaining the concept Gokhale  said: “In other words, we wait for the governments of our neighbors to tell us what projects are required and then we proceed to do it rather than our offering projects to them. In this regard, our projects in Nepal, Bhutan and Bangladesh are prominent.”

ADVERTISEMENT

“Indian assistance should not be seen through the prism of competition from any third country, including China,” was his plea.

Gokhale noted that a lack of  local resonance has marked Chinese projects in some places.

Experiences of increasing debt and high interest rates as a side-effect of the Chinese credit lines are “giving pause for thought” to India’s neighbors, he said.

There was rethinking in Myanmar about China’s plan to build a mega port and industrial zone in Kyauk Oyu in Rakhine State. The concern in the Southeast Asian nation was that the sheer size of the port does not appear to be something that the Myanmar government is going to utilize any time soon, Gokhale said.

However the Indian Foreign Secretary admitted that China has a clear advantage as a “very substantial net exporter of capital infrastructure”.

“ This is was a result of its $12-trillion economy, as well as the vision of President Xi that China will spread its presence abroad in an effort to protect its interest”.

India is funding projects too ,but on a smaller scale, he said.  Bangladesh has got the largest amount of Indian line of credits amounting to  US$8 billion. It is followed by Nepal (US$1.65 billion),  Sri Lanka (US$1.5 billion), and Myanmar (US$700 million).

Gokhale acknowledged that  re-evaluations of the cost of China’s large overseas project may not be enough to stop the Chinese juggernaut.

“That is cold comfort to us in the sense that they are making headway in infrastructure projects in our neighborhood,” he told the 12-member parliamentary panel.

“I think, the effort of our government in the last few years has been, therefore, to try to build some of the infrastructure projects which are of interest to those countries in our neighborhood,” he explained.

India has been attempting to wean the neighbors  away from China, Gokhale said even as he post-faced it with a realistic admittance of superior Chinese capability.

Chinese workers in the China-Pakistan Economic Corridor

China’s projects

Gokhale, who had been India’s ambassador to China from January 2016 to October 2017, began his list of examples of Beijing’s controversial projects in the neighborhood from Sri Lanka.

Citing the Hambantota port, he stated that it is “generally accepted” to be an “economic burden for the Sri Lankan government”.

“Of course, the consequence of that has been that the Sri Lankan government had to lease out the land as equity in order to meet its debt obligations,” he added.

Sri Lanka entered into a debt-equity swap with China Merchants Port Holding Company to get a majority stake for 99 years in the Hambantota port for $1.1 billion.

Moving to Bangladesh, he said that Chinese  President Xi Jinping’s generous gift of soft loans  may be getting delayed.

“There has been some rethinking there,” he said. “This has been due to much of the Chinese loans being offered at interest rates comparable to international interest rates, coupled with an insistence on on buying Chinese equipment rather than tendering on international basis”.

No Need For Grand Strategy

When the panel inquired whether MEA could formulate a “grand strategy”, Gokhale gave a strong pushback. “My own sense is that we are still at the beginning of what is going to be the shape of things to come”.

The Indian foreign secretary replied that “having a grand strategy when the world is in such flux, might land the Ministry of External Affairs with the pitfalls that the Standing Committee might then question us as to why we thought something was going to happen and did not”.

While he said that it would be difficult for India to formulate a strategy with the geopolitical situation still evolving, the Indian foreign secretary said that India “should and do have our worldview”. The Indian worldview “essentially centred on the concept of Vasudhaiva Kutumbakam (One World One Family),” asserted Gokhale.

He acknowledged that more work “needs to be done in fleshing that out”, but added that the intention as per the references made by Indian leaders under the concept “is not to fall between two stools”.

Gokhale said that the world was moving back into an age “where two countries, United States and China have put forward ideological position about what Foreign Policy consists of”.

China, just like the US, was becoming evangelical about exporting its ideology, even though “for 30 years, essentially talked of socialism with Chinese characteristics and that they did not export their policy”.

He pointed out that China had in the Party Congress last year “explicitly” mentioned that the “our model of economic development is something which can be shown to the rest of the world”.

The Congress had also showcased, he stated, a “concept of the community for the shared future of mankind, their sort of overarching theme on political relations is juxtaposed to the United States Cold War System of Alliances”.

“Now, how far this will go is a matter of debate, but we need to watch it,” he added.

Military Bases

Gokhale had also pointed out that under this new aggressive posture, Chinese had taken unprecedented steps establishing foreign bases and sending military personnel abroad. While in the Djibouti base in Africa, Chinese President Xi Jinping had addressed troops donning a military uniform.

(The featured image at the top shows India’s Foreign Secretary Vijay Gokhale)

Related Posts

Beware of education agents
Around The World

Beware of education agents

December 7, 2023
Keel of 4.000 T Sri Lankan floating dock laid at Goa Shipyard
Defense

Keel of 4.000 T Sri Lankan floating dock laid at Goa Shipyard

December 7, 2023
ChatGPT
Around The World

Wikipedia’s most searched topics in 2023 revealed

December 7, 2023
Air Arabia to launch new route to Sri Lanka
Around South Asia

Air Arabia to launch new route to Sri Lanka

December 7, 2023
Bangladesh won six international elections in November 2023
Around The World

Bangladesh won six international elections in November 2023

December 7, 2023
The Central Bank of Sri Lanka (CBSL)
Around South Asia

Sri Lanka to receive about $600m ADB funding post-IMF approval

December 7, 2023
  • Electricity

    Power cut schedule for today in Sri Lanka: Uninterrupted power supply

    60455 shares
    Share 24204 Tweet 15105
  • Registration open for National Fuel Pass

    6648 shares
    Share 2696 Tweet 1647
  • Foreign Currency Official Exchange Rates from Central Bank of Sri Lanka

    2147 shares
    Share 865 Tweet 534
  • 16 hour water cut in several parts of Colombo

    926 shares
    Share 392 Tweet 223
  • WATCH : Yohani’s first live performance in India

    792 shares
    Share 329 Tweet 193
  • About Us
  • Advertisements
  • Privacy Policy
  • Contact

© 2022 All rights reserved.

No Result
View All Result
  • Home
  • Around South Asia
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
  • Around The World
  • Breaking News
  • Business
    • Exchange
  • Climate Change
  • Governance
    • Crime
    • Diplomacy
    • Defense
    • Human Rights
    • Politics
    • Strategic Affairs
  • Lifestyle
    • Books
    • Entertainment
      • Arts
      • Cinema
      • Gaming
      • Music
      • Movie
      • Series
      • TV
    • Health
    • Fashion
    • Food
    • Travel
  • Culture
    • Ethnicity
    • Gender
  • Development news
  • Economy
  • Education
  • Environment
  • Coronavirus
  • History
  • National
  • Offbeat
    • Media
    • Music and arts across South Asia
  • Recommended
    • Headlines
    • Highlights
    • Top Picture
    • Top Story
  • Religion
  • Science
  • Sports
    • Football
    • Cricket
      • LPL
      • IPL
    • Tennis
    • Formula 1
    • NBA
  • Tech
    • Instagram
  • United Nations
  • Weather
  • World
    • Japan
    • Russia
    • United States
  • Videos

© 2022 All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

https://www.vudols.com/

- mersin escort - Antalya korsan taksi -
deneme bonusu
- deneme bonusu veren siteler - Goley90 Giriş - youtube izlenme satın al - buy youtube views - Vozol - buy instagram followers - istanbul escorts - beşiktaş escort - beylikdüzü escort - postegro - Kiralık Bahis Sitesi