Business with India

South Korea’s $10 billion boost for India’s infrastructure

- by India Writes Network

As India’s Prime Minister Narendra Modi arrived in South Korea, on his last leg of three-nation visit, Seoul has announced that it will offer $10 billion to support several of India’s ambitious projects including bullet trains and smart cities.

“My country is offering India a financial package amounting to a total of $10 billion. This will comprise an economic development cooperation fund of $1 billion and export credits of another $9 billion,” said Joon-gyu Lee, South Korea’s envoy to India.

Several South Korean companies are doing well in India, and this has given confidence to other Korean organisations to expand its manufacturing and other operations in the country.

Read More

Ni Hao, China: Modi visit to remap India-China ties

- by Manish Chand

Ni Hao, China. Prime Minister Narendra Modi’s maiden visit to China promises to be a captivating show, high on optics as well as substance, and is expected to coalesce diplomacy, culture, business, geopolitics and outreach to the Indian diaspora. When PM Modi touches down on the Chinese soil May 14, the Chinese people can hope to see and hear an Indian leader who has a flair for using innovative methods to connect and forge a new narrative of win-win opportunities between the two Asian giants.
Ahead of his trip, PM Modi has struck all the right notes that should endear him to the Chinese leadership and ordinary Chinese people. He has become the first Indian leader and only the second world leader to sign on to Sina Weibo – the Chinese version of microblogging platform twitter. “Hello China! Looking forward to interacting with Chinese friends through Weibo,” said the prime minister in his first post on Sina Weibo.
A journey of a thousand miles, as a Chinese proverb says, begins with a small step. The two Asian giants have gone beyond inches and are now making rapid strides to clock MILES, what Prime Minister Modi has famously called the Millennium of Exceptional Synergy as they walk hand-in-hand in the unfolding journey of an Asian century. This is, after all, the journey of two and a half billion people and their soaring dreams.

Read More

Kamath, India’s banking star, to head BRICS Development Bank

- by India Writes Network

Nearly 10 months after the BRICS grouping of emerging economies firmed up the contours of a trailblazing multilateral bank for developing countries, India has named Kundapur Vaman Kamath as the first head of the BRICS Development

In a give-and-take, the leaders of the BRICS countries has decided at their summit in Fortaleza, Brazil, in July last year that the headquarters of the New Development Bank will be located in Shanghai and the first president of the bank will be an India.

The 67-year-old Kamath is the non-executive chairman of India’s second largest bank (by asset size and market capitalization), the ICICI bank and India’s third largest IT firm Infosys.

Read More

Revolt of the free-riding Netizens

- by India Writes Network

The 1857 Indian revolt (aka the Indian Mutiny) was sparked by a perception, circulated widely in an organised, albeit ingenious manner, that the British were secretly trying to subvert the religious beliefs of Hindu and Muslim soldiers. Once the perception took hold, it was the lightening rod which channeled grievances against the British Raj, accumulated over 100 years, into horrendous violence on both sides. To the credit of the Raj, it also resulted in improved governance practices and objectives.

Read More