Tag: make in India

Chinese envoy bets on ‘Make in Chindia,’ signals a new phase in business ties

- by India Writes Network

Underlining an emerging synergy between ‘Make in India’ and ‘Made in China’, China’s Ambassador to India Le Yucheng has projected a new template of “Make in Chindia”, which envisages closer collaboration in manufacturing and businesses between the two Asian giants.

Speaking at the China-India Industrial Cooperation Seminar, organised by the Federation of Chambers of Commerce and Industry of India (FICCI) in New Delhi on June 10, Mr Le said that China has recently rolled out “Made in China 2025” campaign, featuring innovation and high-end manufacturing among others, which he said was compatible and complementary with India’s Prime Minister Modi-led “Make in India” strategy.

Building upon the prime minister’s visit to China last month, which resulted in the signing of 26 business agreements worth $22 billion, Mr Le said that China was looking to invest in India in a range of projects, including manufacturing, human-resource, real estate and infrastructure development, smart city projects and railways.

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Hannover Messe: Betting on The India Story

- by Manish Chand

There is no show like Hannover Messe – cutting-edge technology and innovation blends with enterprise and ingenuity to bring together the world’s leading players in industry and high engineering to this German town every year. This year, Hannover Messe will have a special guest – India’s Prime Minister Narendra Modi and the spotlight will be on the unfolding story of India’s resurgence and renewal.
It promises to be an evening to remember as Prime Minister Modi and German Chancellor Angela Merkel will formally open the Hannover Messe 2015 on April 12. Looking on will be a galaxy of the world’s leading industrialists and players in high technology from over 100 countries. The next day, Prime Minister Modi will inaugurate the sprawling 7000-square meters India Pavilion amid much fanfare, singing and beating of drums. More than 400 Indian companies, including IT giants Infosys and TCS, will be showcasing their innovations at the fair. More than 100 Indian top business honchos, Union and state-level ministers, Chief Ministers of various state will be present at this showpiece event of technology, industry and engineering.
The Hannover Fair this year will underscore key overarching themes of Prime Minister Modi’s trip to Germany and his trip to Europe: Make in India, Smart Cities, Skill India, business and technology. These core themes will also frame full-spectrum talks between the leaders of India and Germany in Berlin on April 14.
In this journey of remaking India, Germany, Europe’s most powerful economy and an engineering giant, is India’s preferred partner, and will remain so for years to come. It’s time for India to fly, and India is itching to reclaim its place under the global sun.

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Remaking of India: Dovetailing Diplomacy & Development

- by Manish Chand

It’s time for making and remaking of India, an ancient rainbow civilisation transforming into a modern nation and an emerging powerhouse that is spawning a new narrative of renaissance, resurgence and renewal. The India Story is back in global circulation, with international rating agencies and bankers conjuring up cheery forecasts for growth prospects of Asia’s third largest economy. The IMF and the World Bank have already predicted that India’s economic growth will surpass that of China’s by 2016-2017, a prognosis that has been reinforced by Asian Development Bank and other trend-trackers.

The Economist has encapsulated this new mood of ‘India Optimism’ in its recent cover story entitled “A chance to fly.” The prestigious British magazine says India has a rare opportunity to become the world’s most dynamic big economy,” but adds on a cautionary note: “The potential is there; the question has always been whether it can be unleashed.”

If the potential of 1.2 billion people of India and their surging dreams has to be realised, the Modi government in India will have to walk the talk on second-generation economic reforms (and it is already doing so by going ahead with crucial reforms in a host of areas, including raising the FDI cap in insurance and telecom). But the success of the India story in the coming months and years will also depend on how New Delhi leverages its growing global stature and harnesses its external relationships and multiple strategic partnerships through smart diplomacy to stimulate an Indian renaissance.

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