The Dhaka Times Desk With no other option, India wants to counter China by launching a three-pronged attack on the financial sector.
There has already been an uproar around the announcement of the cancellation of 59 Chinese mobile apps. It is known that it is increasing. However, there are fears that the Chinese investment already in India may also counter-reply. Along with this, there is also the question of India's capability in terms of technology and infrastructure.
Anandabazar newspaper reported that on Wednesday, BJP leader Amit Malviya's tweet threatened his opponent. He wrote, “Prime Minister Narendra Modi quits Chinese social media Weibo. The message is clear, if the red mark (the limit of patience) is crossed, the consequences are to suffer. What started at the border, has already spread its branches in many directions. Maybe this is just the beginning…”
India's Union Minister Nitin Gadkari has said that no Chinese company can bid for any road construction project in India. Even by tying up with an Indian organization, it cannot do so. If necessary, old projects will be reviewed. In that case, a fresh tender may also be requested.
The minister claimed that the financial and technical conditions of joining those tenders are also being changed in the changed situation. So that Indian companies can get work on their own. He said that Chinese companies will not be allowed to enter even small and medium industries.
On the other hand, Information Technology Minister Ravi Shankar Prasad said that it is very important to stop depending on foreign apps. Domestic start-ups will have to come forward to capture the market left vacant by the departure of Chinese apps.
The Ministry of Railways of the country also canceled the tender for buying thermal cameras due to the Chinese company getting extra benefits. The telecom department of the country is on the way to cancel the tender to buy materials for building 4G-infrastructure with the Chinese company.
The newspaper also says that, on the one hand, the Modi government's aggressive fiscal policy has given rise to hopes for additional opportunities among a section of the Indian industry, but there is also an undercurrent of apprehension. The question has arisen that we don't have to compromise with technical excellence and quality while building highways only by domestic companies? Only a few organizations will not get the opportunity?
Many of the start-ups that the minister has called upon to develop innovative apps have Chinese investment in their first-tier companies. From Ola for car booking, Paytm for easy online bill payments, Zomato or Swiggy for ordering food at home, Big Basket or Flipkart for everyday markets, Byzus for children's reading app to Make My Trip for hotel booking - Chinese companies are investing heavily everywhere. In such a situation, if China walks the path of retaliation, they will not have to suffer in the end? That fear has been expressed from various quarters. But only time will tell what is actually going to happen.
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