[Assam] India shining?

Thu Aug 23 08:53:21 PDT 2007

Hehehe C'da. India's successes (or failures) have actually nothing to do
with people wishing her ill or not.

What I was trying to point out is that fact that even though some may not
want to recognize it, all over the world, important players, countries &
world institutions recognize the far-reaching advances India is making
and *want
to be very much a part of this progress*.

That is where the "party is". And if for *no other reason,* it would seem
prudent for anti-India elements in Assam to be very much a big part of "this
party" & not extricate themselves from these successes and trying
desparetely to throw Assam into some abyss :)

--Ram

On 8/22/07, Chan Mahanta <cmahanta at charter.net> wrote:
>
>  In spite of the ill-wishers of India, looks like it has finally arrived
> at the promised land.
>
>
> So, when is the party to celebrate?
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> At 7:01 AM +0530 8/23/07, mc mahant wrote:
>
> India* shining**??------ *
>
> Doubts?
> mm
>
> ------------------------------
>
> Date: Wed, 22 Aug 2007 17:31:53 -0500
> From: assamrs at gmail.com
> To: assam at assamnet.org
> Subject: [Assam] India shining?
>
> This from the New York Times.
>
>
>
> I know, columns like this give heartburns to a few naysayers on the net,
> but hopefully, they realize that even a country like Japan, does not want to
> be left behind when it comes to investments in India. :).
>
>  Without resorting to rah-rahs, while a few diehards on the net may want
> it otherwise, India is fast developing into a major economic power. Last
> night, at the Charlie Rose Show, Larry Summers (of Harvard, economist, and
> former Treasury Secy) was also talking about the huge developmental (and
> distributional) strides both China and India have been experiencing.
>
>
>
> --Ram
>
>
>
>   <http://www.nytimes.com/>
>
>  ------------------------------
>
> August 21, 2007
>
> *As Japan and India Forge Economic Ties, a Counterweight to China Is Seen*
> **
>
> By HEATHER TIMMONS<http://query.nytimes.com/search/query?ppds=bylL&v1=HEATHER+TIMMONS&fdq=19960101&td=sysdate&sort=newest&ac=HEATHER+TIMMONS&inline=nyt-per>
>
> NEW DELHI, Aug. 20 - When Prime Minister Shinzo Abe<http://topics.nytimes.com/top/reference/timestopics/people/a/shinzo_abe/index.html?inline=nyt-per>of
> Japan<http://topics.nytimes.com/top/news/international/countriesandterritories/japan/index.html?inline=nyt-geo>touches down in
> India<http://topics.nytimes.com/top/news/international/countriesandterritories/india/index.html?inline=nyt-geo>this week, it will be the highest-level step yet in what analysts say is a
> long-term effort to balance, if not contain, China's growing economic and
> political might.
> As Beijing's influence in Asia and around the world has grown, their
> common interests have forced Tokyo and New Delhi to begin warming their
> historically chilly relationship and to start forging closer economic ties.
> "The key issue facing the whole region is how to accommodate the rise of
> China," said Suman Bery, the director general of the National Council of
> Applied Economic Research, a New Delhi research group. Indian economists
> estimate that Japanese investment in India will reach $5.5 billion by 2011,
> compared with just $515 million in the 2006 fiscal year.
> Mr. Abe is on his first trip to India. He and his Indian counterpart,
> Manmohan Singh, are expected to unveil public-private partnerships and new
> business initiatives. Leading the agenda will be a $100 billion
> infrastructure project to create a high-tech manufacturing and freight
> corridor between New Delhi, India's capital, and Mumbai, its port and
> financial center. It would be the most expensive development project in
> India, and a third of the bill would be paid by Japanese public and private
> money. Mr. Abe and Mr. Singh are expected to announce that the two
> governments have reached formal agreement on the deal.
> Japanese business leaders traveling with Mr. Abe will disclose similar
> deals this week - on natural gas, transportation, currency swaps and
> Japanese investment in Indian educational projects, Indian officials said.
> Chief executives from Toyota<http://topics.nytimes.com/top/news/business/companies/toyota_motor_corporation/index.html?inline=nyt-org>,
> Mitsubishi<http://www.nytimes.com/mem/MWredirect.html?MW=http://custom.marketwatch.com/custom/nyt-com/html-companyprofile.asp&symb=MSBHF;MSBHY>,
> Canon, Hitachi<http://www.nytimes.com/mem/MWredirect.html?MW=http://custom.marketwatch.com/custom/nyt-com/html-companyprofile.asp&symb=HIT>and others have joined a new India-Japan business leader forum, which will
> meet for the first time on Wednesday in New Delhi.
> Consultants are trying, so far in vain, to coin the catchphrase, like "the
> Samurai and the Swami," that will sum up the nascent strategic economic
> relationship between the countries.
>
> Courting India has come slowly for the Japanese, who were highly critical
> of India's surprise nuclear weapons test in 1998. While Japan is a large
> lender to India, until now it has not been a major investor or business
> partner. Instead, Japan has virtually sat on the sidelines while countries
> from Switzerland to Brazil cemented business alliances in India, where
> economic growth is about 9 percent a year.
> Japan's trade with India was about $6.5 billion in 2006, according to the
> Indian government - about 4 percent of Japan's trade with China. "Whatever
> doubts Japan had for so long, now India is smelling like roses," said
> Jagdish N. Bhagwati, an economist and a professor at Columbia University
> <http://topics.nytimes.com/top/reference/timestopics/organizations/c/columbia_university/index.html?inline=nyt-org>and
> a fellow at the Council on Foreign Relations<http://topics.nytimes.com/top/reference/timestopics/organizations/c/council_on_foreign_relations/index.html?inline=nyt-org>.
> "They want to get in before it is too late."
> For Japan, India is an attractive market, both for its growing consumer
> spending and cheap labor. Tokyo also has an interest in diversifying its
> Asian trading partners and reducing its dependence on China. As an
> increasingly confident China has flexed its muscle regionally and globally,
> anti-Chinese sentiment has been rising in Japan, as has anti-Japanese
> sentiment in China.
> "India is a much safer bet, in business terms," because it lacks the
> historical baggage, said Richard Tanter, professor of international
> relations at the Royal Melbourne Institute of Technology in Australia.
> Then there is the straightforward economics. Japanese and other
> automakers, for instance, view India as a potential manufacturing center
> that could offer lower labor costs than China. But India's manufacturing and
> export potential are still crippled by an inability to move goods in and
> around the country.
> The proposed New Delhi-Mumbai industrial corridor could address that
> problem. The nearly 1,500-kilometer corridor would include a high-speed
> freight line and nine 200-square-kilometer investment regions dedicated to
> industries like chemicals and engineering, as well as three ports and six
> airports.
> Infrastructure projects like the industrial corridor are "the kind of
> thing Japanese companies are particularly good at - roads and harbors and
> ways to get into developing countries," Mr. Bhagwati said. Japanese
> companies were heavily involved in the construction of New Delhi's clean,
> efficient subway system.
> India, which desperately needs more power generation, could be a
> particularly fertile market for Toshiba<http://www.nytimes.com/mem/MWredirect.html?MW=http://custom.marketwatch.com/custom/nyt-com/html-companyprofile.asp&symb=TOSBF>,
> which bought the nuclear power plant manufacturer Westinghouse last year.
> Any deals between India and Toshiba would be far in the future, though.
> India's government is still deeply divided over a deal with the United
> States that allows India access to civilian nuclear technology, and Japan
> may not support the United States-India nuclear deal, given Tokyo's aversion
> to nuclear proliferation.
> Still, on Monday, Mr. Singh stressed India's commitment to nuclear energy
> during the opening of a new research center in New Delhi, calling oil
> imports an "unbearable burden."
> The most successful India-Japan business partnership to date is a venture
> by the automakers Suzuki<http://www.nytimes.com/mem/MWredirect.html?MW=http://custom.marketwatch.com/custom/nyt-com/html-companyprofile.asp&symb=SZKMF>and Maruti, which has become one of India's leading carmakers after a
> troubled start in the early 1980s. Sales of its reliable, zippy and cheap
> Marutis were up 17 percent in the quarter that ended in July from a year
> ago, to 1.6 million units.
> Toyota's India partnership, Toyota Kirloskar Motors, which dates back to
> 1999, makes about 60,000 units a year. But, last month Toyota executives
> said they expected the unit to produce 10 times its current capacity by
> 2015.
> Culturally and economically, Japan and India remain far apart, a fact that
> government officials and economists said could complicate building a
> stronger relationship. Speaking Monday during a meeting in a New Delhi hotel
> to discuss the Japanese prime minister's visit, Mr. Bery, the director of
> the New Delhi research group, said Japan's manufacturing is "state of the
> art," which has "not been our strong suit."
>
> Minutes later, the five-star hotel fell victim to one of New Delhi's
> frequent power disruptions, the lights flickered out and the meeting carried
> on in the dark.
>
>
>
>
>
>  ------------------------------
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