ગુજરાતી
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Modi government is silent despite the losses being suffered by Gujarat from Chinese companies
Dilip Patel
Ahmedabad, May 16, 2024
Narendra Modi went to China five times when he was the Chief Minister and four times when he was the Prime Minister of the country.
As a result of the trade war between the US and China, cheap goods from China will be dumped in India. In which Gujarat is going to suffer the most. But the cowardly Modi government at the Center is not ready to take any action against China. India’s trade imbalance with China is increasing. We buy more goods from China while selling less goods to it.
The Directorate General of Trade Remedies of the Ministry of Commerce and the Department of Industries of Gujarat are worried after the report of the Global Trade Research Initiative. Gujarat may benefit in India for equipment like face masks, syringes, medical gloves.
The US has increased import duty on electric vehicles, batteries and other goods imported from China. India’s Modi government has not been able to do this, so it is having a serious impact on Maharashtra and Gujarat.
Since China can no longer send its goods to America, there will be a trade attack on India. There is a possibility of stockpiling in China. China’s economy has stagnated.
India is behind in the case of electric vehicles and semiconductors. India has to import.
Imports from China increased
India’s exports to China from FY 2019 to 2024 were $ 16 to $ 17 billion.
Imports from China have increased by 44 percent. Imports reached $ 101.75 billion, which was $ 70.30 billion. Imports from China have increased by 60 percent in the 10 years since Narendra Modi became the Prime Minister. Imports of Chinese goods to America have increased, so a ban has been imposed on it. Modi is afraid of imposing such bans.’
China remained India’s largest import source in FY 2024. China’s share in India’s total imports was 15.10 percent in the last financial year. Russia was in second place.
India’s imports from China have increased by 3.24 percent to $101.7 billion in 2023-24. India’s exports to China are only $16.67 billion.
India’s investment has gone to China
As China’s economy is improving, FIIs are withdrawing their investments from India and putting them in China. In April, FIIs invested Rs. Out of which Rs 35 thousand 700 crore was invested. Equity worth 20 thousand crores has been sold. The stock market is down. Prices are low in China. The money is going there.
Imported from China
India imports the most in the world not from America but from China. However, America has lifted the import ban. Not India. India trades more with China than America. China has become India’s number 1 trading partner in 2023-24. America was left behind. China’s Global Times has revealed the ongoing trade between India and China. If both countries use their strength in cooperation, it will prove good for both countries.
The Global Times wrote that the US was India’s largest trading partner in FY 2021-22 and 2022-23, but now China has overtaken this position.
India lags behind in production
India is not where China is in terms of manufacturing. India is currently trying to become a manufacturing power. India has a service sector, especially information technology. India imports inorganic chemicals, pharmaceuticals from China. Which has an adverse effect on Gujarat. Iron and steel are exported to China.
Chinese companies are opening their production centers in India. In the smartphone industry, only a few parts are manufactured locally. China dominates India’s smartphone plant as a supplier of smartphone parts.
Chinese companies in Gujarat
174 Chinese companies are registered in India in 2022. 3,560 companies have Chinese directors.
According to the CDM database, there are 3,560 companies in India that have Chinese directors.
The central government has also amended the law for that.
In 2014, 92 Chinese-owned companies were registered in India. Of these, 80 companies are running.
Thus, Chinese companies and managers of companies are increasing Chinese people in Modi Raj.
In which many companies of Gujarat are from China.
Between April 2016 and March 2020, more than 1,600 Indian companies of the country have received foreign investment (FDI) of one billion dollars from China. Indian companies are engaged in grabbing Rs 7500 crore of China.
According to an estimate, there are 221 companies in Gujarat. The BJP government of Gujarat cannot stop these companies running on Chinese money. From April 2016 to March 2020, more than 1,600 companies received 102.25 crores ($1.02 billion) foreign direct investment from China.
During this period, the automobile industry, book printing, electronics, services and electrical appliances received more than $100 million FDI from China. The automobile industry has received the highest FDI of $172 million from China. The service sector received FDI of $13 crore 96.5 crore.
China’s share in India’s solar power production is about 78 percent, Chinese equipment is installed in thermal and coal industries.
In terms of market share, Xiaomi is India’s largest smartphone company. It has 18 percent market share in India. The company assembles its smartphones in India itself, imports some spare parts from China
Impact on theatre
2016
In 2015, 10 Chinese companies were planning to set up production facilities in Gujarat with an investment of $10 million to compete against Gujarat’s dyes and intermediate companies. A total of at least $100 million was to be invested by China in Gujarat in the dyes and intermediates sector. S
Local partner companies are being sought.
Out of a total of 1100 dyes and intermediates factories in India, 80 percent are in Gujarat. 4 billion in revenue. Half of which is exported. There were only 300 dyes and intermediates units in China. Which generates a revenue of $10 billion. The production capacity of Gujarat’s units is only 0.3 million tonnes, while China’s production capacity is 1.2 million tonnes per annum.
Investment in Gujarat
Prime Minister Narendra Modi invited Chinese companies to invest in India. From the last three Vibrant Summits, Chinese companies have been signing MoUs with the Gujarat government. In this way, Chinese companies have started dominating Gujarat.
Chinese companies have so far invested Rs 17,000 crore.
Prime Minister Modi
In the 2011 regime, more than 30 different MoUs were signed with Chinese companies including Udan connectivity metro train, bullet train, mass housing, agriculture and forest, sports and tourism. Not a single Chinese company was brought to Modi.
In 2011, China Energy Company announced an investment of 2500 crores in the name of Green Park. Till now this company has not built a park anywhere on the ground. Electricity is not generated. Modi’s point was proved.
In 2013, China Development Bank Corporation announced to build an industrial park.
Anandiben Patel
Gujarat Chief Minister Anandiben Patel went to China for seven days in 2015. Chinese companies were visited and discussed for investment in Gujarat. She said, after foreign visits, investment opportunities in Gujarat will increase and Chinese companies will come to Gujarat for investment.
In 2015, Anandiben Patel announced huge Chinese investment by signing 24 MoUs worth 30,000 crores. In which the establishment of textile park, industrial park, smart city and skill development institute was announced. Nothing happened.
Vijay Rupani
In 2017, Chief Minister Vijay Rupani announced that a Chinese company will invest 37500 crores in Gujarat and in 2019, industrial parks will be built in Dholera and Karjan with an investment of 10,500 crores in which 15000 Gujarati youth will get employment. About Parivartan.
Metro Train Coach
Another Chinese company CRCC Nanjing Puzhen is also spending around Rs 400 crore and they will manufacture metro train coaches in Dholera. This means that in the next five years Dholera will also become the engine of Gujarat’s growth. Nothing happened.
Bhupendra Patel
In 2019, Chinese steel manufacturer Tsingshan Industries Company invested Rs. 21 thousand crores in Dholera. Chief Minister Bhupendra Patel announced to set up a plant in Dholera. An agreement was signed with ISKCON Group to set up a steel plant in Dholera. The 500-acre plant was to produce 4 lakh metric tonnes of steel per year. Whatever could be made from steel had to be made. India’s largest HR steel plant and lithium ion battery project with an investment of Rs. 21 thousand crores was announced. The project was to be started by Tinson in collaboration with its Indian partner, Iskon Group. Did not happen
2019
In September 2019, more than 10 Chinese companies decided to invest in Gujarat. Chinese automobile company ‘The Great Wall Motors Company Limited’ had to invest Rs. 7 thousand crores. for electric motor vehicles.
It was to be built by Tata Nano Motors at Sanand near Ahmedabad.
It was decided to allot land to Great Wall Motors.
Halal factory
Another Chinese auto major, Shanghai Automotive Industries Corporation, has already bought a halal-based car manufacturing plant.
Not number one in the world
With a GDP of $13.6 trillion (Rs 1033 lakh crores), China is the largest country in Asia and the second largest economy in the world. While India is the third largest country in Asia with 2.7 trillion dollars (about 200 lakh crore rupees).
75 percent for energy, 69 percent for pharma industry comes from China. 50 percent for agriculture, 44 percent for plastic, 38 percent for leather, 36 percent for jewelery-gems, 34 percent for petrochemicals from China. This trade and production is highest in Gujarat.
In 2022, GST evasion and hawala scam of Rs 15 crore by Chinese companies was exposed in Ahmedabad.
42 mobile apps are spying in some way or affecting the system using malware. Due to this, its use was banned in the Indian Army and Parliament. Such companies include UC News, News Dog, WeChat, ShareIt, TrueColor, UC Browser, Photo Wonder, UKM Makeup, Mi Store, DU Battery Saver, Parallel Spash, Virus Cleaner etc.
The Chinese company has been accused of spying on PMO officials.
Various Chinese companies are also taking over the Indian economy by setting foot in India in the name of business.
In March 2022, Reliance bought a Chinese company for Rs. 470 crores. Lithium Works Company manufactures LFP batteries. All the assets located in China have been bought for $6.1 million. (Google translation from Gujarati)
