MODI VISIT OPENS UP WINDOWS FOR VAST OPPORTUNITIES
Published 21-08-2015 12:07 GMT-0000
At long last, India has initiated multi-pronged moves to boost its trade and investment relations with the Central Asian Republics taking into account the emerging importance of these countries in the geopolitics of the region. Prime Minister Narendra Modi’s visit to the five CAR countries in July this year, has built the foundation of this new thrust which is expected to give a big push to the energy security of India. Indian Prime Minister’s visit to Uzbekistan, Kazakhstan, Turkmenistan, Kyrgyzstan and Tajikistan has opened a new chapter in India’s relationship with the CARs when immense possibilities have opened up in the oil and gas sector of the region following the conclusion of the nuclear deal between Iran and the big powers.
NARENDRA MODI HAS TO OVERCOME THE CHALLENGE
Published 15-07-2015 15:16 GMT-0000
Pandit Jawaharlal Nehru was the first and the last Indian Prime Minister to visit all the five central Asian republics –Kazakhstan, Turkmenistan, Tajikistan, Uzbekistan and Kyrgyzstan – together over five decades ago when they were part of the erstwhile Soviet Union (USSR). Nehru’s visit of the region had nothing to do with growing India’s economic relations there. The rhapsodized mountains, scenic beauty and the culture attracted Nehru to the region. Nothing beyond. The independent country-hood of the five states after the Soviet Union’s disintegration in the early 1990s did little to change India’s diplomatic relations with these republics beyond cultural ties. The massive oil and mineral reserves in the region immediately drew Chinese attention to the countries sharing borders with Communist China. China has built a massive trade relations and made good investments in some of the states. The trade between India and the Central Asian region in 2014-15 stood at only around US$1.4 billion or less than two per cent of India’s global trade. The five countries together accounted for an import of $604 million worth goods and services from India and exported products valued at around $776 million.
INDIA TO BALANCE BETWEEN JAPAN AND CHINA
Published 29-05-2015 16:12 GMT-0000
Asian Development Bank (ADB) is headed by Japan and Asian Infrastructure Investment Bank (AIIB) will be headed by China. AIIB is expected to be in operation by the end of 2015. In ADB, Japan is the biggest contributor to the capital, accounting for 15.67 percent and in AIIB, China will be the major contributor, accounting for 30 percent initially. Given the Japan-China historical bitterness, AIIB is likely to stir up a new face-off between the two countries. Even though ADB embraces financing of multiple development projects and AIIB will finance infrastructure only, the political significance of AIIB will be more, given the China’s assertiveness to gain political leadership through financial muscle in Asia. AIIB is likely to escalate a new turf for power struggle in Asia.
INDIA MUST GIVE VIGOROUS PUSH TO PROJECTS EXPORTS
Published 02-05-2015 15:35 GMT-0000
China led Asian Infrastructure Investment Bank (AIIB) has finally taken shape with the participation of 57 founding members including India and AIIB is opening new opportunities to India for participating in a big way in the projects to be taken up in the developing countries in Asia with finances from the AIIB. India, in all probability will be offered the Vice President’s position with the biggest funder China holding the Presidency. The authorized capital of the AIIB will be US$ 100 billion with an initial subscribed capital of US$ 50 billion. The headquarter of the AIIB will be based in Beijing.
AUSTRALIA, SOUTH EAST ASIA CAN HELP INDIA STALL CHINA
Published 01-05-2015 16:45 GMT-0000
China’s rapidly rising military budget and her growing land, air and naval power, together with her belligerent attitude to her neighbours make the idea of a regional security architecture for Asia with India as its centerpiece worth examining.
FOCUS IS ON COMING TALKS WITH TALIBANS
Published 18-04-2015 11:21 GMT-0000
Afghanistan President Ashraf Ghani Ahmadzai is expected to visit India later this month at the invitation of the Prime Minister Narendra Modi. Mr. Modi who has given big focus on improving relations with the neighbouring countries, is giving special importance to this visit and the Prime Minister’s Office is working on a detailed programme for further assistance to Afghanistan with the objective of pepping up the Afghan economy.
MODI MUST WORK FOR A SOLUTION DURING BEIJING TALKS
Published 14-04-2015 16:21 GMT-0000
In course of his globe-trotting diplomatic mission, Prime Minister Narendnra Modi is scheduled to visit China next month. Beijing has already queered the pitch for the forthcoming Indo-Chinese dialogue by raking up once again what it calls a ‘huge dispute’ over Arunachal Pradesh. China has also announced its plan to build a railway line – to be completed by 2020 – from Tibet to Nepal by digging a tunnel right under the Mount Everest. This has two implications. First, it will facilitate Chinese goods to enter India and flood Indian markets via Nepal. And second, it will also enable China to move troops right up to India’s border in Arunachal Pradesh at short notice.
GEO-POLITICS GETS NEW TWISTS
Published 08-04-2015 16:06 GMT-0000
As Sino-Indian rivalry for extending influence in South and South-East Asia hots up, significant changes are taking place in the foreign policy of our neighbouring countries. Sri Lanka and Afghanistan provide a typical example of this.
POOR EURO-ZONE COUNTRIES MUST STAND BY GREECE
Published 31-03-2015 16:32 GMT-0000
Who is responsible for the soaring debts of Greece and the accentuating economic crisis the burden of which has been passed on to the underprivileged by the successive ruling coalitions in Athens? The myths about Greece debts in particular and the European debts in general, have prevailed so long due to the propaganda of the big media and the elites of the Euro-zone that the general opinion was that the Greece’s common masses are trying to destroy the stability of Eurozone by refusing to abide by the austerity programme worked by the troika of International Monetary Fund, World Bank and the European Central Bank.
INDIA HAS TO INVEST MORE IN SRI LANKA
Published 24-03-2015 10:09 GMT-0000
Since he came to power after winning the presidential election of January 8, Maithripala Sirisena has been trying to correct the pronouncedly pro-Chinese tilt given to Sri Lanka’s foreign policy by his predecessor Mahinda Rajapaksa and to strike a balance in the relations between his country and India and China. In pursuance of this policy, he visited India in mid-February and invited Prime Minister Modi to Sri Lanka.