logo
Why India Should Seek Closer Ties With China: Amitabh Kant Explains

Why India Should Seek Closer Ties With China: Amitabh Kant Explains

NDTVa day ago
New Delhi:
India should maintain good relation with all nations including China, former Niti Aayog chief and G20 Sherpa Amitabh Kant has said. "If India wishes to enhance her manufacturing capacity, then good relation with Beijing is essential "because they are a major manufacturing partner," Mr Kant told NDTV in an exclusive interview this evening.
"We need to get inputs, we need to get components, we need to work with some of these companies to become a global manufacturer for the future," he said.
Amitabh Kant's comments come ahead of Prime Minister Narendra Modi's visit to Beijing for the SCO (Shanghai Cooperation Organisation) Summit -- the first since the Galwan clash.
The visit comes amid the imposition of stiff tariffs from US President Donald Trump and increasing pressure on India regarding oil purchase from Russia. There is expectation that under the circumstances, a recalibration of ties with China is expected to act as a balancing factor for the US.
Mr Kant, though, indicated that even without the leverage factor, closer ties with China will contribute to India's development.
"I think it's important to look at the global GDP," Mr Kant said. The US has about 26 per cent of the global GDP. China is close to about 18 to 19 per cent and Europe, which had about 30 per cent, has slid to 17 per cent.
The US remains the only nation that has retained the 26 per cent GDP, has been a beneficiary of free trade, has a market capitalization of 46 percent, with just a population of 4 per cent. But even this post-industrial society has consciously outsourced its manufacturing China.
"All its top companies, if you look at the top 20 manufacturing companies of the United States, more than 90 to 95 percent of their manufacturing was outsourced by them to China," he said.
"If we need to work with the United States, because they are a big global market, we need to work with China, because they're a major manufacturing partner... We need to get inputs, we need to get components, we need to work with some of these companies to become a global manufacturer for the future," he added.
China is Pakistan's all-weather friend, and its support for India following the Pahalgam attack had been dubious.
In June, Defence Minister Rajnath Singh had refused to sign a joint statement at a defence minister's meet under SCO because it skipped any mention of the April 22 Pahalgam terror attack that claimed 26 lives and instead, mentioned Balochistan, tacitly accusing India of creating unrest there.
The exclusion of Pahalgam was apparently made at the behest of Pakistan.
The next month, though, China issued a strong statement against terror as the US designated The Resistance Front, a proxy of Pakistan-based Lashkar-e-Taiba, as a foreign terrorist organisation for its involvement in the Pahalgam attack.
There is also the history of clashes with Chinese troops at the border in Ladakh and Arunachal that had culminated with the Galwan clash in 2020 -- heavily fraying ties between New Delhi and Beijing.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

US-Pakistan hold talks, reaffirm commitment to fight terrorism in all forms
US-Pakistan hold talks, reaffirm commitment to fight terrorism in all forms

Business Standard

time30 minutes ago

  • Business Standard

US-Pakistan hold talks, reaffirm commitment to fight terrorism in all forms

The United States and Pakistan held the latest round of the US-Pakistan Counterterrorism Dialogue in Islamabad on Tuesday (local time), reaffirming their shared commitment to combating terrorism in all its forms and manifestations. The dialogue was co-chaired by Special Secretary for the United Nations, Nabeel Munir, and US Department of State Acting Coordinator for Counterterrorism Gregory D. LoGerfo, according to the Joint Statement on US-Pakistan Counterterrorism Dialogue, released by the Governments of the United States and Pakistan. Both delegations underscored the critical importance of developing effective approaches to terrorist threats, including those posed by the Balochistan Liberation Army (BLA), ISIS-Khorasan, and Tehreek-e-Taliban Pakistan (TTP), the Joint statement added. The United States applauded Pakistan's continued successes in containing terrorist entities that pose a threat to the peace and security of the region and the world. Further, the United States expressed condolences for the loss of civilians and members of law enforcement agencies in terrorist incidents in Pakistan, including the barbaric Jaffar Express terrorist attack and the bombing of a school bus in Khuzdar. Further, the Joint statement read, both delegations emphasised the importance of building stronger institutional frameworks and developing capabilities to respond to security challenges and to counter the use of emerging technologies for terrorist purposes. Both sides reaffirmed their intention to work closely in multilateral fora, including the United Nations, to promote effective and enduring approaches to counterterrorism, it added. Reaffirming the long-standing partnership between Pakistan and the United States, both sides emphasised that sustained and structured engagement remains vital to countering terrorism and promoting peace and stability, the Joint statement stated. Meanwhile, Tammy Bruce said that the United States' relationship with both Pakistan and India "remains unchanged," adding that the "diplomats are committed to both nations." Her remarks came after Pakistan Army Chief Asim Munir's comments in Florida, where he reportedly said Pakistan could use nuclear weapons to take down India and "half the world" in the event of an existential threat. Highlighting the US-Pakistan counter-terrorism dialogue, which was established in Islamabad on Tuesday, she affirmed, "The United States and Pakistan reaffirmed their shared commitment to combat terrorism in all its forms and manifestations during the latest rounds of talks in Islamabad. The US and Pakistan discussed ways to enhance cooperation to counter terrorist threats." "For the region and for the world, the US working with both those nations is good news and will promote a future that's beneficial," she added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

US ties with India, Pak unchanged, diplomats committed to both: Tammy Bruce
US ties with India, Pak unchanged, diplomats committed to both: Tammy Bruce

Business Standard

time30 minutes ago

  • Business Standard

US ties with India, Pak unchanged, diplomats committed to both: Tammy Bruce

State Department Spokesperson Tammy Bruce said that the United States' relationship with both Pakistan and India "remains unchanged," adding that the "diplomats are committed to both nations." Her remarks came after Pakistan Army chief Gen Asim Munir's comments in Florida, where he reportedly said Pakistan could use nuclear weapons to take down India and "half the world" in the event of an existential threat. Speaking at the State Department briefing, Bruce stated that "We had an experience with Pakistan and India, when there was a conflict, that could have developed into something quite horrible. There was immediate concern and movement with the Vice President JD Vance, the President Donald Trump and the Secretary of State Marco Rubio in addressing the nature of what was happening."Bruce emphasised the success of diplomatic efforts in preventing the conflict from escalating, stating, "We described the nature of the phone calls and the work we did to stop the attacks, bringing the parties together to create something enduring. It's a very proud moment that Secretary Rubio, Vice President Vance and the top leaders in this nation were involved in stopping that potential catastrophe." She also noted that the US relationship with "both nations remains unchanged - good. The diplomats are committed to both nations." Highlighting the US-Pakistan counter-terrorism dialogue, which was established in Islamabad on Tuesday, she affirmed, "The United States and Pakistan reaffirmed their shared commitment to combat terrorism in all its forms and manifestations during the latest rounds of talks in Islamabad. The US and Pakistan discussed ways to enhance cooperation to counter terrorist threats." "For the region and for the world, the US working with both those nations is good news and will promote a future that's beneficial," she added. Notably, Munir visited the US for the second time in less than two months. The trip comes after a private luncheon with Trump in June. Munir arrived in Washington on Sunday for a series of high-level meetings with the US top political and military leadership. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Court takes cognisance against ABG Shipyard in ₹22,000 cr bank fraud case
Court takes cognisance against ABG Shipyard in ₹22,000 cr bank fraud case

Business Standard

time30 minutes ago

  • Business Standard

Court takes cognisance against ABG Shipyard in ₹22,000 cr bank fraud case

A Rouse Avenue court has taken cognizance of a ₹22,000 crore alleged bank fraud and funds siphoning case against Surat, Gujarat-based ABG Shipyard Ltd, its former Director, Auditor, public servants, and subsidiary companies. It is alleged that ABG Shipyard Ltd transferred huge amounts of money to its related parties, and thereafter, adjustment entries were made. The Central Bureau of Investigation (CBI) had filed a charge sheet, supplementary charge against 6 individuals and 17 companies and firms. The Chief Judicial Magistrate (CJM) Deepak Kumar, after taking cognizance, issued summons to the accused persons to appear before the court on the next date on August 22. CJM Deepak Kumar said, "I have perused the chargesheet and supplementary charge sheet alongwith the documents annexed with it, including the statements of the witnesses recorded under Section 161 CrPC and have considered the submissions made by the public prosecutor for the CBI and the Investigation Officer." The court said that there are clear and categorical findings in the final report and supplementary final report against the accused persons regarding the commission of offences for which they have been chargesheeted for the offences punishable under Section 120B/420/477A IPC and substantive offences thereof. "Accordingly, in view of the foregoing discussion and material available on record, I take cognizance," CJM Kumar ordered on August 11. The CBI had registered a case on August 25, 2020, on the complaint filed by the consortium of banks, including SBI. The case was registered against M/s ABG Shipyard Ltd, its former managing director Rishi Kamlesh Agarwal, Santhanam Muthuswamy), Ashwini Kumar, Sushil Kumar Aggarwal, Ravi Vimal Newatia, M/s ABG International Pvt Ltd, unknown public servants and unknown private persons alleging the commission of offences of cheating, criminal breach of trust, criminal conspiracy and abuse of official position thereby causing wrongful loss to the tune of Rs. 22,842 crore to the consortium of lending banks comprising of State Bank of India (SBI), erstwhile State Bank of Patiala (presently SBI), erstwhile State Bank of Travancore (presently SBI) etc, led by ICICI Bank. During the investigation, other accused were interrogated and arrayed in the supplementary charge sheet. It is stated that the Investigation has also revealed that the accounts were falsified and misrepresented by the accused persons in criminal conspiracy with each other and thereby defrauded the lender banks by presenting false figures before the lenders and shareholders. Investigation has pointed out that ABG Shipyard, in criminal conspiracy with its promoters, directors, and other key managerial persons, had availed credit facilities from the banks fraudulently. Thereafter, it dishonestly diverted a huge amount of bank funds with ulterior motives to its group concerns. Investigation has further alleged that ABG Shipyard had siphoned off funds for acquiring 14 residential flats in Mumbai for a consideration amount of Rs. 33.50 crores. These flats were purchased by an accused company which was under the control of Rishi Kamlesh Agarwal, Former MD of ABG Shipyard.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store