The Indian Government had blacklisted Huawei and ZTE earlier this year on Security Concerns.These Firms were said to have close relations with the Chinese Government and Intelligence Agencies had raised a red flag about potential security breaches in critical communication infrastructure.This had led to a lot of to and fro with Telecom Operators and Chinese […]
The country also has a 20% Energy Efficiency Improvement Plan for 2006-2010 which it is almost sure to miss.China energy reduction plans have gone haywire due its fast growing economy’s dependence on fossil fuels.China has recently talked of increasing the percentage of Renewables to 15% by 2020 from the single digit figure now but the progress of Energy Efficiency has been not upto the mark.China’s Energy Efficiency in fact decreased in the first half of 2010 instead of increasing.This decrease is due to the breakneck industrialization occurring in Chinese provinces determined to outdo each other in the Growth Game.Diktats by the Central Party Leadership have failed to rein in the provinces.
.Europe and UK remain in equally difficult conditions suffering to some extent from the debt induced overhang.Hong Kong and the rest of Asia in comparison have escaped relatively unscathed and countries in the region have resumed their strong growth trajectory.Its not a wonder then that global talent is looking at Asia for newer growth opportunities.Non-Resident Indians are migrating back to their homeland in record numbers to take advantage of the booming economy.Its the same in case of other Asian centres like Singapore,Hong Kong and Shanghai.Asian companies are now raising money from capital markets in HK rather than NY.
Now Japan has warned China that it will lose FDI if it continues to use such policies against foreign companies.Recent labor unrest in Honda and Toyota factories have become a sticking point for the Japanese.Opaque and confusing rules,export controls over rare earth minerals and heavily biased judiciary have made life quite difficult for the foreign companies.The European Union on the other hand has complained of the lack of access to the Chinese market.Rules meant to deter foreign investment has made EU companies look elsewhere.
Indian Cities are in general totally unorganized with drivers being scant attention to traffic rules.Space constraints make most cars park illegally as there are no garages.In India’s Capital Delhi,it is a common sight to see fight between neighbours for parking spaces.Some of these fights have even led to murders and jail terms.Road Rage has become common malaise as nobody follows traffic rules and jams stretch on for hours.Indian cities are seeing a huge influx of cars on a daily basis with little expansion in road infrastructure.Sick people are known to have died in traffic jams as ambulances can’t navigate the serpentine jams.
India and Russia have jointly developed the Brahmos Cruise Missile which is said to be one of the most advanced Cruise Missiles in the World.This Cruise Missile is also the Fastest in the world with a speed of 3000 km/hr or around 2.6 times the speed of sound and can be launched from multiple air,sea and land platforms.India’s Traditional Adversaries Pakistan and China are one generation behind in the Cruise Missile Technology Race.While Pakistan’s lone Cruise Missile Babur is based on the outdated Tomahawk Missiles,China’s Cruise Missiles also don’t match upto Brahmos in speed and sophitication.