PM Modi will be on a two-day official visit to Russia on July 8 and 9, to hold the 22nd India-Russia Annual Summit with President Vladimir Putin in Moscow….reports Asian Lite News
Ahead of Prime Minister Narendra Modi’s visit to the Russian capital, the Indian diaspora residing in Moscow expressed their enthusiasm towards meeting PM Modi and asserted that they are happy and grateful to the Indian Embassy for allowing them to meet the Prime Minister.
PM Modi will be on a two-day official visit to Russia on July 8 and 9, to hold the 22nd India-Russia Annual Summit with President Vladimir Putin in Moscow.
Young members of the Indian diaspora in Moscow also raised slogans of ‘Vande Mataram’ and cheered for Narendra Modi ahead of his arrival to the country.
Speaking with ANI, Ananya Rai, hailing from UP, said she has been living in Russia for 10 years. She said, “I am really excited to meet PM Modi. This is the first opportunity that I have gotten from the Embassy as well as the school to meet the Prime Minister.”
Another student Anshika Singh, who has been living there for 11 years, said, “I am very honoured and excited to meet the Prime Minister.”
Sidhu, hailing from Tamil Nadu, has been living for 17 years, and said, “I am very excited to meet PM Modi and I am very grateful to the embassy of India for giving us the opportunity to meet PM Modi.”
Another girl while speaking with ANI also asserted that she is very excited and grateful to the Indian Embassy for allowing them to greet PM Modi.
Another girl said, “I feel very lucky to have the opportunity to meet PM Modi.
Abir Imtiaz, who has been living in Moscow for 11 years asserted that he is feeling very proud. “I am feeling very honoured that our PM is coming to Moscow and we have the chance to meet him.”
Deepali Choudhary, hailing Bihar’s Muzzafarpur said she has brought painting for PM Modi. “I wish him a warm welcome to Moscow and I hope he enjoys his time in Russia.”
Aarav, a student in class 12, said, “We are eagerly waiting for the Prime Minister. He has been an inspiration for us for such a long time. It will be good to see him up close in person.”
Meanwhile, ahead of PM Modi’s arrival, Russian artists in Moscow beat dhol and rehearse. The artists also expressed their enthusiasm ahead of Modi’s visit.
Speaking with ANI, a Russian artist, speaking in Hindi, said, “I am delighted that we have received the opportunity to dance and welcome Mr. Narendra Modi.”
Another Russian artist, Zarina, said, “I am from Moscow. I am very happy and excited to perform here and I like to dance.”
Prime Minister Narendra Modi on Monday left for a two-nation visit today, beginning with Moscow, Russia, where he has been invited by President Vladimir Putin to attend the 22nd India-Russia Annual Summit.
In a post on X, the Ministry of External Affairs said “PM Narendra Modi sets off on a 2-nation visit to Russia and Austria. The first leg of the visit takes him to Moscow for the 22nd India-Russia Annual Summit. An opportunity to further accelerate – partnership.”
He is scheduled to land in Moscow later in the day today. Among the Prime Minister’s engagements in Moscow is an interaction with the Indian community scheduled for Tuesday.
In his departure statement, PM Modi said, “Over the next three days, I will be in Russia and Austria. These visits will be a wonderful opportunity to deepen ties with these nations, with whom India has time-tested friendship. I also look forward to interacting with the Indian community living in these countries.”
PM Modi said that he wishes to discuss aspects of bilateral cooperation with his friend President Putin.
“I look forward to reviewing all aspects of bilateral cooperation with my friend President Vladimir Putin and sharing perspectives on various regional and global issues. We seek to play a supportive role in a peaceful and stable region. The visit will also provide me with an opportunity to meet the vibrant Indian community in Russia,” the PM said.
PM Modi added that the special and privileged Strategic Partnership between India and Russia has advanced over the past ten years, including in the areas of energy, security, trade, investment, health, education, culture, tourism and people-to-people exchanges.
PM Modi and Russian President Vladimir Putin will have a meeting today. The two leaders have met 16 times over the past 10 years. The last in-person meeting between the two leaders took place on the sidelines of the Shanghai Cooperation Organization (SCO) Summit in Uzbekistan’s Samarkand in 2022. PM Modi was conferred the highest Russian state honour ‘Order of the Holy Apostle Andrew the First’ in 2019.
Notably, India and Russia have a longstanding and time-tested relationship with more than 77 years of mutually beneficial diplomatic ties. The relations between the two nations were elevated to the level of “Special and Privileged Strategic Partnership” in 2010.
After concluding his visit to Russia, PM Modi will depart for Austria in what is the first visit to the nation by an Indian Prime Minister in 40 years. Speaking about the visit, the PM said “In Austria, I will have the opportunity to meet President Alexander Van der Bellen and Chancellor Karl Nehammer. Austria is our steadfast and reliable partner and we share the ideals of democracy and pluralism.” (ANI)
Despite nationalist rhetoric, voters chose change. Sunak conceded and congratulated Starmer, who promised national renewal, shifting from Conservative economic stability to Labour’s social justice focus…writes Buddhdev Pandya MBE
Outgoing Prime Minister The Rt Hon Rishi Sunak MP could not have imagined that his party might lose 240 seats when he called a snap General Election for June 4, 2024. The landslide victory for the Labour Party -Moderate Socialists – has ended an era in Britain marked by its first Prime Minister of Indian heritage.
Perhaps Britain may not see another Prime Minister of Indian heritage for a long time, as Nigel Farage, Party Leader of Reform UK, exposed one of the most sensitive inherited sentiments during the campaign debate, claiming, “The Tory leader, Rishi Sunak, doesn’t really care about our history; he doesn’t really care -frankly- about our culture.” This statement was categorised as a ‘dog whistle’ designed to awaken communal nationalist sentiments.
Sunak conceded defeat earlier in the night and said he had called Starmer to congratulate him on his victory. The country has voted for a significant historical change, as the political ideologies of the Conservative and Labour parties are diametrically opposed in terms of economic and social policies. In a true political sense, the country’s politics have moved beyond the ideals of figures like Nigel Farage, as ‘diversity’ has become a widely accepted norm in public life.
“Change begins now,” Sir Keith Starmer said in his victory speech. “We said we would end the chaos, and we will. We said we would turn the page, and we have. Today, we start the next chapter, begin the work of change, the mission of national renewal, and start to rebuild our country.” “Today power will change hands in a peaceful and orderly manner, with goodwill on all sides,” Sunak said after losing his seat. “There is much to learn and reflect on, and I take responsibility for the loss to the many good hardworking Conservative candidates… I am sorry.”
Comparative Analysis of Labour’s Keir Starmer vs Conservative’s Rishi Sunak Leadership
Keir Starmer’s Labour Vision may provide a helpful start for the new Labour government. As Chancellor and then Prime Minister, Rishi Sunak focused on economic recovery from the COVID-19 pandemic while managing inflation and public debt. His leadership reflected a blend of fiscal responsibility and growth-oriented policies, emphasising economic stability through efforts to control inflation and public debt. He also had to address the post-pandemic recovery and the economic impacts of COVID-19 and Brexit.
He implemented key strategic public spending norms, shifting from austerity to increased spending in response to significant challenges. His political fortune depended on fostering economic growth through targeted investments and innovative solutions. Under Sunak, the Conservative economic strategy evolved from initial austerity under David Cameron to a more balanced approach of fiscal responsibility and strategic spending.
In February 2024, Labour Leader Sir Keir Starmer unveiled a draft Race Equality Act designed to expand equal pay rights to Black, Asian, and minority ethnic (BAME) workers, as well as disabled individuals. The proposed legislation aimed to align protections for ethnicity and disability with those currently available for women, allowing for unified claims against discrimination based on multiple characteristics. Additional elements of the proposal included expanded equal pay rights, single claims for multiple discriminations, mandatory reporting, ethnicity pay gap reporting, and mandating organizations to report pay disparities based on ethnicity. Starmer also intended to introduce training for police and update school curriculums to reflect diversity. Other social support measures included expanding mental health services, addressing maternal health gaps for BAME women, and updating clinical training for diverse populations.
Under Starmer’s leadership, Labour is expected to shift from the Conservative era’s austerity policies towards an agenda focused on social justice, economic equality, and sustainable growth. The Labour government’s priorities include boosting funding for the NHS, education, and infrastructure, reversing austerity measures, introducing tax reforms, strengthening rights for gig economy workers, supporting trade unions, and implementing a Green New Deal for climate action and job creation. Their position on public ownership may involve re-nationalizing industries for improved service quality and public accountability.
Labour’s approach under Starmer aims to foster a fairer and more equitable society through comprehensive social and economic reforms. Key initiatives include addressing systemic inequalities, improving transparency in public services, and expanding support for disadvantaged communities.
The Conservatives, under Sunak, focused on managing economic stability and growth through a pragmatic balance of public spending and fiscal responsibility. Their strategy represented a transition from austerity to a more adaptive economic policy framework.
In summary, while Labour under Starmer seeks to tackle deep-rooted social injustices and promote inclusivity through reforms and expanded public services, the Conservatives under Sunak aimed to ensure economic stability and recovery, reflecting a pragmatic response to contemporary economic challenges.
Prime Minister, Sir Keir Starmer and his wife Victoria arrive at Number 10 Downing Street upon his appointment. Picture by Rory Arnold/ No 10 Downing Street
Key Expectations for a Labour Government Under Keir Starmer
Social Justice: Enacting the Race Equality Act and other measures to combat systemic discrimination.
Economic Reform: Increasing investment in public services and exploring new tax policies.
Public Accountability: Enforcing transparency in public services and addressing disparities.
Education and Training: Reforming curriculums and providing anti-racism training.
Health and Support Services: Expanding mental health resources and addressing maternal health disparities.
The Labour Party needs to relocate and reaffirm its ‘political soul’ during its term in office. There are many fundamental policy differences between Keir Starmer’s Labour and Rishi Sunak’s Conservative leadership. However, future expectations for Britain highlight their respective focuses on social justice versus economic stability. Both parties offer distinct visions for Britain’s future, with Labour focusing on social equity while needing to gain a foothold in areas of economic stability and growth traditionally seen as the Conservatives’ forte.
The Transfer of Power Moment
During the ensuing ceremony, Rishi Sunak offers his resignation to the King at Buckingham Palace. After he leaves the Palace, Keir Starmer arrives for the ceremony. Starmer participates in the formal “Kissing of Hands” ceremony where he is asked to form a government. After receiving formal approval from the King, Starmer emerges as the new Prime Minister, driven in the official car to 10 Downing Street, the official residence of the Prime Minister. He then makes a public statement and begins his term as Prime Minister.
Dubai, Dec 01 (ANI): Prime Minister Narendra Modi meets United Kingdom Prime Minister Rishi Sunak during the 28th Conference of the Parties (COP28), in Dubai on Friday. (ANI Photo)
A New Chapter
India’s Relationship with the UK: Potential for Change with the New Starmer Labour Government
Overview: The Current Landscape
At first glance, one might not anticipate a drastic alteration in trade relations between India and the United Kingdom with the advent of a new government. Under Rishi Sunak’s Conservative Party, the UK and India have enjoyed a period of strengthened diplomatic and trade relations. Sunak’s administration and supporters closely aligned with Narendra Modi’s BJP, fostering high-level visits and focusing on economic cooperation, strategic defence partnerships, and managing human rights issues with a delicate balance. This partnership was driven by shared economic interests and a common geopolitical strategy, especially in the context of the Indo-Pacific region.
However, the potential for change is significant with the prospect of a Labour government under Keir Starmer. While immediate and drastic shifts might not be expected, there are several nuanced ways in which the Labour Party could reshape the future of UK-India relations.
Potential Shifts with a Labour Government
Revaluation of Diplomatic Relations
Current State: The Conservative government has been characterised by its strong alignment with Modi’s BJP, driven largely by economic and strategic interests.
Labour’s Likely Stance: A Labour government may reassess the UK’s diplomatic stance towards India, potentially moving away from the close alignment with the BJP. This reassessment could involve a more balanced and nuanced approach to diplomatic relations, with greater emphasis on human rights and democratic values. Labour may seek to establish a more diverse and inclusive dialogue that goes beyond the current strategic and economic considerations.
Shift in Economic Priorities
Current State: Under the Conservatives, there has been a strong focus on expanding trade relations, including efforts towards a Free Trade Agreement (FTA) and significant investment in various sectors.
Labour’s Likely Stance: Labour is likely to continue supporting the expansion of trade but with a fresh perspective. While the goal of doubling UK-India trade by 2030 remains a priority, Labour may diversify the economic strategy to foster a broader range of international partnerships. This might include a renewed focus on fair trade practices and addressing global economic challenges through multilateral engagement.
Cultural and Political Dynamics
Current State: The Conservative government has been supported by the Hindu nationalist lobby, which has influenced the cultural and political engagement between the UK and India.
Labour’s Likely Stance: A Labour government might shift away from this influence, aiming to foster a more inclusive
and culturally diverse relationship. This could involve engaging more broadly with India’s diverse communities and supporting cultural exchanges that reflect the pluralistic nature of Indian society.
Human Rights and Values
Current State: Human rights concerns have been managed with a careful balance under the Conservative administration.
Labour’s Likely Stance: Labour is expected to place a stronger emphasis on human rights and democratic values in its diplomatic discussions. This could involve advocating for more robust human rights protections and addressing concerns related to democratic freedoms in India.
Detailed Overview of the ‘2030 Roadmap for India-UK Future Relations’
The ‘2030 Roadmap for India-UK Future Relations’ is a comprehensive framework aimed at deepening the bilateral partnership between the two countries. Launched on May 4, 2021, the roadmap outlines several key areas for future collaboration. If the Labour Party assumes power, there are specific aspects of the roadmap that are likely to be continued and possibly expanded upon:
Enhanced Trade and Investment Relations
Current Focus: The roadmap sets a target to double UK-India trade by 2030 and advance bilateral investments through an Enhanced Trade Partnership and a Free Trade Agreement.
Labour’s Likely Stance: Labour is expected to support the completion of FTA negotiations and advocate for a trade policy that benefits both nations. This includes exploring opportunities in technology, pharmaceuticals, and green industries, as well as promoting fair trade practices and economic collaboration.
Strategic Partnership and Security Cooperation
Current Focus: Strengthening strategic ties through defence cooperation, counter-terrorism, and regional security in the Indo-Pacific.
Labour’s Likely Stance: Labour has historically supported robust international security collaborations. Under Labour, there is likely to be continued or enhanced cooperation in defence and security, including joint military exercises, intelligence sharing, and efforts to ensure regional stability.
Climate Change and Green Energy Initiatives
Current Focus: Committing to climate action and promoting green energy projects, including renewable energy and climate resilience.
Labour’s Likely Stance: With a strong commitment to achieving net-zero emissions, Labour would likely enhance efforts in climate change mitigation, renewable energy collaborations, and sustainable development initiatives aligned with the ‘2030 Roadmap.’
Education and Research Collaboration
Current Focus: Supporting increased academic partnerships, student exchanges, and joint research initiatives.
Labour’s Likely Stance: Labour values educational and research collaborations and would likely continue to support and expand opportunities for academic exchanges and joint research projects between UK and Indian institutions.
Health and Pharmaceutical Cooperation
Current Focus: Strengthening health sector collaboration, including public health initiatives and vaccine development.
Labour’s Likely Stance: Given Labour’s focus on public health, a Labour government would likely maintain or increase efforts in health sector cooperation, focusing on joint research, public health strategies, and addressing global health challenges.
People-to-People Links and Diaspora Engagement
Current Focus: Strengthening cultural exchanges, tourism, and diaspora engagement.
Labour’s Likely Stance: Labour supports cultural diplomacy and would likely continue to promote initiatives that enhance people-to-people connections between the UK and India, including cultural festivals, tourism, and diaspora engagement.
Digital and Technological Collaboration
Current Focus: Advancing digital and technological partnerships, including cybersecurity and innovation.
Labour’s Likely Stance: Labour acknowledges the importance of the digital economy and technological innovation. They are expected to continue supporting tech collaborations, including joint ventures in startups, cybersecurity research, and digital infrastructure development.
Global Governance and Multilateral Cooperation
Current Focus: Collaborating on global governance issues through international forums like the UN and G20.
Labour’s Likely Stance: Committed to multilateralism, Labour would likely continue working with India on global issues, addressing challenges such as climate change, security, and economic development through international institutions. On a much broader economic scale, it is worth noting Britain’s anticipation of significant Indian investment.
In recent years, India’s economic environment has seen a wave of affluent individuals and businesses seeking more economically and politically stable investment destinations. Concerns about the Modi administration’s economic policies, regulatory environment, and political climate have driven many Indian millionaires to explore opportunities abroad. This presents a prime opportunity for Britain to attract significant investment and foster deeper economic ties with India.
As India’s economic landscape undergoes significant changes, Britain is positioning itself to attract a considerable amount of targeted investment from Indian millionaires and businesses. This shift comes at a time when many wealthy individuals are seeking new opportunities outside the Modi administration’s economic policies. The evolving dynamics of the UK-India relationship offer a unique opportunity for a new chapter in bilateral relations, particularly under the potential leadership of a Labour government.
Britain’s Strategic Goals for Indian Investment
Britain aims to become a prime destination for Indian high-net-worth individuals (HNWIs) and businesses by offering favourable investment conditions, establishing welcoming policies for foreign investors, and promoting the UK as a hub for business and financial activities.
The focus will be on sectors such as technology, finance, real estate, and green energy, which are attractive to Indian investors. Under a Labour government, there is strong potential for targeted initiatives designed to attract Indian investment.
Labour’s approach may involve introducing or expanding financial incentives for Indian investors, such as tax breaks or favourable regulatory conditions. The Labour Party may also explore ideas for simplifying visa and investment procedures for Indian nationals, making it easier for HNWIs and businesses to invest in the UK.
Promoting Strategic Sectors: Labour could focus on key sectors for investment, including green technologies, digital innovation, and advanced manufacturing. Britain’s approach will likely aim to build on existing economic ties with India through strategic partnerships and trade agreements.
The transition from a Conservative to a Labour government represents a potential shift in the dynamics of UK-India relations. While the foundational elements of the ‘2030 Roadmap for India-UK Future Relations’ are likely to remain, Labour’s approach may introduce new priorities and strategies. This includes a more balanced diplomatic stance, a diversified economic strategy, a focus on human rights, and a commitment to green energy and technological advancement.
By focusing on these areas, a Labour government would aim to strengthen the UK-India relationship, building upon the roadmap’s vision for a deep and mutually beneficial partnership.
BJP Flag.
Challenges Related to the Changing Political-Economic Landscape in India
The relationship between the Modi government’s ideological Hindutva agenda and its economic policies—favouring a few mega-corporates—has complex implications for the ideological commonality with the Labour Party in the UK. In contrast, the Conservative Party has been more closely aligned with Modi’s BJP, engaging significantly with the Hindutva lobby.
To understand this relationship, it is essential to break it down into several components: ideological Hindutva, economic policies favouring monopolies, and Labour movements and their legacy.
Ideological Hindutva and Its Impact
The Hindutva ideological foundation of the Modi government promotes Hindu nationalism, emphasising on subtle the cultural and political dominance of Hindu values and practices in Indian society. Historically, the Labour Party’s ideology has been influenced by socialist principles advocating for workers’ rights, fair wages, and equitable economic policies. Labour has emphasised social justice, economic equality, and the role of the state in protecting workers.
Modi’s policies have shifted focus from worker protections to facilitating large corporate interests, potentially conflicting with Labour’s emphasis on rights and fairness. Additionally, the consolidation of economic power among a few corporations can deepen economic inequality. These issues introduce new dynamics that might overshadow trade interests.
Economic Policy Favouring Monopolies and Labor Movements.
Modi’s economic policies, characterised by a laissez-faire approach that benefits mega-corporates, contrast with Labour’s focus on protecting workers and promoting fair economic practices.
There are serious limitations imposed by the sovereignty protocols and non-interference into domestic politics or policies of other countries. However, understanding these differences is crucial for evaluating future UK-India relations under a Labour government, as it will navigate between trade interests and a commitment to equitable economic policies.
Summary of thoughts
The snap General Election called by Prime Minister Rishi Sunak on June 4, 2024, resulted in a dramatic shift in the British political landscape, with the Labour Party securing a landslide victory and taking 240 seats from the Conservatives. This marked the end of Rishi Sunak’s tenure as the first Prime Minister of Indian heritage, a milestone that may not be repeated soon given the significant electoral defeat. It may also leave the Conservative Party into a state of considerable infights for leadership of varying factions and in chaos that may take a long time to recover form.
The campaign was marked by divisive rhetoric, notably from Nigel Farage of Reform UK, who accused Sunak of being indifferent to British history and culture, a statement viewed as a “dog whistle” for nationalist sentiments. Sunak gracefully conceded defeat, congratulated Labour’s leader Keir Starmer, and acknowledged the electorate’s desire for change.
Rishi Sunak’s administration had focused on economic recovery post-COVID-19, balancing fiscal responsibility with strategic public spending. This approach represented a departure from the austerity measures of previous Conservative governments. However, the election outcome indicated a public preference for Labour’s platform of social justice and economic reforms.
Keir Starmer’s Labour government promises significant changes, including enacting a Race Equality Act to ensure equal pay rights for Black, Asian, and minority ethnic (BAME) workers and the disabled, introducing measures to combat systemic discrimination, and boosting investment in public services. Labour’s agenda contrasts sharply with the Conservative focus on economic stability, highlighting a shift towards addressing social inequalities and promoting inclusivity.
The transition of power was orderly, with Sunak offering his resignation to the King and Starmer being formally invited to form a new government. Starmer’s vision includes comprehensive reforms in education, healthcare, and climate action, aiming to rebuild and renew the nation.
The Labour government is also expected to reassess UK-India relations. While Sunak’s administration enjoyed a strong partnership with Narendra Modi’s BJP, more aligned to the ideology of exclusivity of Hindutva driving India towards a Hindu Rastra. Modinomics also has more aggressive focus on ‘Laissez-faire model of economy with preference to exclusivity of monopoly for a dew mega-rich corporate family. The new Labour government may need to adopt a more balanced approach, emphasising human rights and democratic values alongside economic cooperation.
The strategic goals for UK-India relations under Labour include continuing efforts to enhance trade and investment, fostering cultural exchanges, and supporting joint initiatives in technology and green energy. The relationship is poised for evolution, reflecting Labour’s commitment to a fairer and more inclusive global engagement.
Union Minister for Road Transport and Highways, Nitin Gadkari emphasised that he has no shortage of funds for his projects and investors are queuing up because “his ministry is sitting on a gold mine.”…reports Asian Lite News
As pollution has become a huge issue in India, the focus of the government is on promoting the use of non-polluting sources to power personal and public transportation, Union Minister for Road Transport and Highways, Nitin Gadkari has said.
Speaking at the NDTV InfraShakti Awards, the minister said, “We need cost-effective, pollution-free and indigenous transport solutions. Now, Indian Oil is installing 300 ethanol pumps and automobile companies are bringing in flex vehicles.”
“So, instead of filling petrol at Rs 120 a litre, it is better to use ethanol at Rs 60 per litre, with the vehicle running 60 per cent on electricity and 40 per cent on ethanol. This will also reduce pollution,” he added.
Union Minister Gadkari also stated that he is aiming for a “green revolution” in agriculture.
He emphasised that he has no shortage of funds for his projects and investors are queuing up because “his ministry is sitting on a gold mine.”
Union Petroleum Minister, Hardeep Singh Puri, who was also at the event, said that the country was using all available forms of energy and the outlook for the sector was never better.
“No matter which way you view it, if you look at green energy, the transition, biofuels… look at the 15 per cent transition we have done. We did 15 per cent biofuel blending. And we are solving the problem in agriculture,” the minister said.
At the event, NDTV also spoke with experts about sustainable and climate-resilient infrastructure that protects the environment.
The panelists included — Amit Singh, CEO of Adani Green Energy; Ashwani Gupta, CEO of Adani Ports and Special Economic Zone; Anumita Roychowdhury, Executive Director of Research and Advocacy, Centre for Science and Environment (CSE); and Vinayak Chatterjee, Founder, The Infravision Foundation.
Amit Singh said that a huge surge in electricity demand is “coming our way and looking at what’s happening around us in terms of increase in temperature and atmospheric conditions, it’s important that sources of electricity become green.”
Prime Minister Narendra Modi has set a target to install 500 GW renewable energy capacity by 2030.
According to the government, abundant solar energy and local technology are aiding in achieving this target while reducing carbon emissions.
“When we talk about focus on infrastructure, on energy and on industrialisation, all that is about trade. If we look at our figures, 95 per cent of our trade last year was maritime, which is 68 per cent of the value of all India,” said Ashwani Gupta.
“This is very clear and more and more efficient trade, not only in India but globally, is going to contribute to this $10 trillion economy,” he added.
Anumita Roychowdhury said that there is a takeaway from the summer people just had as first there was a persistent heat wave and then an unprecedented flood.
“It’s telling us that climate change is real and constant but we can’t keep blaming climate change all the time, keeping in mind the way infrastructure is taking shape today, it aggravates and compounds the impact if we don’t get the blueprint right,” she added. Vinayak Chatterjee pointed out that India is burdened with very large historical installations of infrastructure from colonial times, be it railway bridges, dams or tunnels.
“We should have a very strong inspection team to keep that infrastructure in check so that railway bridges and dams don’t collapse, cracks don’t appear in hill towns such as Joshimath,” he said.
India holds the advantage over their nemesis with five victories …reports Asian Lite News
India vs Pakistan, one of the biggest cricketing rivalry looks to renew itself at the Nassau County International Cricket Stadium on Sunday as both the sides will meet for the seventh time in the T20 World Cup.
India holds the advantage over their nemesis with five victories whereas Pakistan has won on only one occasion, the infamous defeat in the 2021 edition where they lost by 10 wickets. The one remaining game was the famous tie between the two sides in the 2007 edition that India went on to win by a bowl-out (3-0).
India vs Pakistan in T20 World Cups:
September 14, 2007: Tied and India won via bowl out in Durban
September 24, 2007: India won by 5 runs in Johannesburg
September 30, 2012: India won by 8 wickets in Colombo
March 21, 2014: India won by 7 wickets in Dhaka
March 19, 2016: India won by 6 wickets in Kolkata
October 24, 2021: Pakistan won by 10 wickets in Dubai
October 23, 2022: India won by 4 wickets Melbourne
Another interesting stat to remember going into the game is that the team batting second has won every game in the T20 World Cup since India’s win over the Men in Green in the 2007 finals.
Highest Scorer for India vs Pak:
Virat Kohli’s 488 runs in 10 T20 Internationals vs the men in green makes him the highest run scorer in the history of the tournament.
Highest scorers for Pakistan vs Ind:
Mohammed Rizwan’s 197 runs in four innings has seen him become the highest run scorer for Pakistan against India in T20 Internationals
Most wickets:
Bhuvneshwar Kumar, Umar Gul and Hardik Pandya are the highest wicket takers in T20I’s between the two teams with 11 scalps to their name followed by Arshdeep Singh and Mohammad Nawaz with six wickets to their name.
Virat Kohli’s 82 run innings against Pakistan at the Melbourne Cricket Ground in 2021 remains the highest score by a batsman in a match between the two whereas Mohammad Nawaz’s 4/18 in the 2007 edition remains the best bowling spell by a bowler in the history of this iconic fixture.
‘It is Always Challenging’
India and Pakistan are set to add another chapter to their fierce on-field rivalry when the two neighboring nations take on each other in the T20 World Cup fixture in New York on Sunday.
Ahead of the mega encounter, India captain Rohit Sharma said his team will look to give its best performance on the field to register a win at Nassau County International Cricket Stadium.
“When you play Pakistan, it is always challenging. For us, we just need to think about it as another opposition that we want to beat them and play well against them, there is a whole lot that we need to do,” said Rohit in a Star Sports video on X.
Team India enjoys a 6-1 victory record over arch-rivals Pakistan in the T20 World Cup and would look to strengthen that on Sunday.
Talking about the excitement of the clash, India star Virat Kohli said the atmosphere is always buzzing inside and outside the stadium to witness the historic match.
“World Cup is a different emotion, different feeling and you can sense that build up. There is nervousness in the air and everyone is buzzing. I love those moments and we play for such moments. It is very fortunate to experience it,” said Kohli.
“The atmosphere outside the stadium, all these things are not quite noticed or spoken about but leads up to the game like this which makes it so special. The moment I stepped on the field, I felt that energy in the stadium. Everyone was waiting for that game to start and you can feel that palpable energy in the air,” he added.
India began their campaign with an eight-wicket win over Ireland while Pakistan faced a shocking defeat against co-host USA in their opening Group A fixture.
Observers will closely watch the Maldivian Foreign Minister’s visit to Colombo, as President Muizzu has pledged to end the Indian Ocean archipelago’s ‘India First’ policy….reports Asian Lite News
Maldives Foreign Minister Moosa Zameer arrived in Colombo on Monday, beginning a three-day visit to the island nation as the pro-China government led by President Mohamed Muizzu focuses on building closer ties with the countries in the Indian Ocean Region (IOR).
Last month, Zameer paid an official visit to New Delhi and held discussions on bilateral and regional issues of mutual interest with India’s External Affairs Minister S. Jaishankar.
“This visit was long overdue. Usually, when a new cabinet is appointed in the Maldives, they make their first visits to Sri Lanka. But it couldn’t be done this time as his counterpart in Sri Lanka was not available,” said a source close to Sri Lanka’s Foreign Minister.
The Maldivian Foreign Minister’s Colombo visit will be watched closely by the observers as Muizzu has pledged to end the Indian Ocean archipelago’s ‘India First’ policy.
Interestingly, the strained ties between the two countries saw more Indian tourists flocking Sri Lanka.
Sri Lanka’s Tourism Minister has acknowledged that as Maldives’ tourism market dropped drastically in 2024, the number of Indian tourists arriving in Sri Lanka rose rapidly from 13,759 in January 2023 to 34,000 in January 2024.
Tourism Minister Harin Fernando has also said that Sri Lanka has a lot more to offer to Indian tourists – including beaches, shopping and the Ramayana Trail which historically connects the two South Asian neighbours.
During his visit, Zameer is scheduled to pay courtesy calls on President Ranil Wickremesinghe and Prime Minister Dinesh Gunawardena besides holding official bilateral talks with Foreign Minister Ali Sabry.
The ministers representing the two island nations in South Asia are expected to explore avenues to further strengthen the longstanding bilateral ties and also discuss providing convenient facilities to the Maldivians residing in Sri Lanka.
Bangladeshi MP Anwarul Azim, who entered India on May 12, was last seen on May 13 in Bidhannagar near Kolkata for a medical check-up…reports Asian Lite News
The Member of Parliament (MP) from Bangladesh’s ruling party Anwarul Azim, who allegedly went missing on May 18, was found dead in Kolkata on Wednesday.
Bangladesh Home Minister Asaduzzaman Khan in a news conference in Dhaka said that the MP was killed in Kolkata. Speaking to reporters at his residence on Wednesday, the minister said that Bangladesh Police have arrested three persons in this connection, reported Bangladesh Newspaper Daily Star.
“So far, we have come to know that all the killers involved are Bangladeshis. It was a planned murder,” the Bangladesh Home Minister said. Asked about the whereabouts of the body, he said that they were yet to know about it.
“We will soon inform you about the motive,” the minister said, adding that Indian police are cooperating with the case.
Anwarul Azim, the Bangladesh MP, who entered India on May 12 was last seen on the afternoon of May 13 when he went with friends to a home in Bidhannagar near Kolkata for a medical check-up.
According to a family friend in Kolkata’s Bidhannagar, the MP mentioned he would be travelling to Delhi, but there has been no physical presence or direct contact with him since May 13. Only mobile messages have been exchanged with his family in Dhaka and his friend in Bidhannagar, indicating his intended journey to Delhi.
Concerned by the lack of communication and his sudden alleged disappearance, the MP’s family friend, Gopal Viswas, who was informed by the MP’s daughter of her inability to contact her father, lodged a missing person complaint at the Baranagar police station in Bidhannagar. Kolkata.
“On the morning of May 16, he (Anwarul Azim) called his assistant, but could not connect. Later, when his PA called him back, he did not answer,” according to the complaint dated May 18, 2024.
“His daughter called me (Viswas), and said, I can’t communicate with my father. Then I (Viswas) contacted all his (Anarul Azim’s) acquaintances on the phone, but it was not possible to contact him,” it added.
“I was then requested to come to Baranagar police station on May 18 to register the complaint in the missing diary,” a copy of the complaint said.
Azim was the Awami League lawmaker from the Jhenaidah-4 constituency. Further updates on the circumstances surrounding the MP’s death in Kolkata are anticipated as the situation unfolds. (ANI)
Qualitative interviews with Sikhs in the UK, US, and Canada reveal the challenges of “forced” conversions faced by the community…reports Asian Lite News
Concerns over ‘forced’ conversions initiated by predatory Muslim males, who ‘groom’ Sikh ‘girls’ into converting to Islam against their will, have resurfaced in Europe, especially in Britain. This pattern first emerged in late 1980s and early 1990s and has been occurring since then, within the Sikh-Muslim social fabric in the West.
In Britain several cases have demonstrated how Muslim men are deliberately deceiving and tricking vulnerable Sikh females into Islam. While the “Kaur to Khan” project might sound sensational, it is a prominent source of anxiety within the Sikh diasporic community.
Empirical data generated by a series of qualitative interviews with Sikhs in the UK, US, and Canada, captures the challenges faced by the community by these “forced” conversions. Sikh elders have concerns over the preservation of community along with wider anxieties around interfaith marriage.
Muslim men have allegedly been disguising themselves as Sikhs as a way to lure in vulnerable girls from the Sikh community. Younger Muslims are known to target Sikh girls on university campuses across Britain; even going so far as to donning Sikh religious symbols like the Kara (a steel or cast iron bangle worn by male Sikhs) or and even drinking to fool the girls into thinking that he is Indian/Sikh. Once a relationship (often sexual) is established, it is purported that the Muslim man reveals his true identity and forces the Sikh girl to convert by blackmailing her with indecent pictures, thus leaving the girl at risk of “shaming” her family. In most cases the girl is then beaten up or taken to Pakistan to work as a prostitute; no one knows of her whereabouts. Although various modifications to this pattern have appeared, the threat of Muslim men luring and converting Sikh women is well established.
The disguise, the phases of entrapment and the ‘grooming’ process combine to construct the specific agenda in practice by Muslims in their ‘mission’ to convert Sikh ‘girls.
According to Marie Macey, of the University of Bradford, “In recent years, the organisation of religious and political extremism has taken place both on and off educational premises. This presentation of political ideology under the guise of religious orthodoxy attempts to recruit and mobilise young men to become perpetrators of violence. For example, leaflets circulated in Bradford exhorting young Muslim men to rape Sikh women and murder homosexuals are traceable to extremist Islamic organisations operating across the UK,…” (Class, Gender and Religious Influences on Changing Patterns of Pakistani Muslim Male Violence in Bradford, 1999).
In some instances the Sikh girls are not just converted but also radicalised to such an extent that they become willing participants in radical Islamic movements. In 2018 the case of 18-year-old British-Sikh girl Sandeep Samra, who converted to Islam and tried to travel to Syria and join the Islamic State terror network made headlines.
In fear the Sikh communities in Britain have resorted to awareness campaigns about Muslim men threatening the future of Sikh communities by exerting control over Sikh women. These include disseminating “warning” leaflets to the Sikh community, awareness talks and film screenings on university campuses and at gurdwaras and television documentaries of Sikh victims telling their stories.
NRI Sikhs and nd members of the Sikh Council of UK, an organisation involved in religious, social and cultural matters related to Sikhism, have from time to time brought to the notice of the Akal Takht has taken a serious view of reports of Sikh girls falling victim to ‘love jihad’ an act that involves ‘charming’ Pakistani youths attempting to impress, marry and convert non-Muslim girls to Islam. The reports also referred to these girls being exploited in various ways by their husbands and in-laws. Some of these girls were later dumped by their husbands in Pakistan, where the in-laws have been using them as domestic help. “The Sikh Council has rescued some of the victims (girls) and brought them back to their parents,” the Akal Takht Jathedar Giani Gurbachan Singh said. When asked how many such cases existed in the UK or England, he replied, “There could be hundreds.”
Recently on 22 February, 2024 a Sikh woman of Indian origin from Germany married a Pakistani man. After exchanging vows with Ali Arsalan, Jaspreet Kaur was converted to Islam and is now known as Zainab,as confirmed by the certificate of acceptance of Islam issued by the Jamia Hanafia, Sialkot. Incidentally over 2,000 non-Muslims have ‘embraced’ Islam at Sialkot’s Jamia Hanafia.
In the UK, Islamic Supremacist groups such as Al-Majiroun are known to engage in aggressive proselytising activities and have been accused of spreading leaflets in universities urging Muslim students to target Sikh girls for ‘conversion.’
Among Muslims and Sikhs in Britain today there are several areas of contestation that have the potential to turn into serious conflict.
Muslim population of the UK is several times larger than the Sikh population. Further some localities, such as Southall, Slough, West Bromwich, Handsworth, and Hillingdon, traditionally associated with the Sikh community, have experienced an increase in Muslim settlement. This rapid demographic change has led to intense competition over resources such as housing, education, social services and social security.
Lately Muslim and Sikh youth have been engaged in serious acts of violence in a number of cities/localities across UK and Europe. This mobilisation has been conducted over allegations of ‘forced conversions’ of Sikh girls by Muslim boys.
In the latest manifestation of the hate between the Sikh and Muslim communities in the West, an online conflict is underway between Sikhs and Muslims in Europe. The matter started some weeks ago, when a Sikh posted hateful comments about Muslims over video platform TikTok from the US or UK. The video was responded to by attacks on Sikhs by Muslim uploaders of Pakistani origin. Pakistani TikToker ‘Hassan Gondal Dogar’ based in Berlin, Germany has particularly been very vocal in criticising Sikh, with negative references about the Khalistan and about Sikh girls. Reacting to Gondal’s provocative remarks, Sikh TikToker by account name Mannaphagwara @manna_phagwara, hailing from Phagwara in Punjab and currently residing in Savigliano, Cuneo, Italy, has committed to travel to Berlin and see face to face with Gondal. Apparently now Sikh youth from different parts of Europe, including Italy, Spain, France, Belgium, Netherlands etc. are planning to travel to Berlin for the Gondal – Mannaphagwara face off.
It is evident that in some localities in Europe there are serious underlying tensions between some segments of the Muslim and Sikh communities, especially the youth. This contestation between Sikh and Muslims over resources and especially over conversion is increasingly leading to racialisation of the diasporic communities. There is already some resentment in the public sphere among Sikh groups that public sector resources are being disproportionately allocated to deal with Muslim issues because of the Islamic radicalisation security threat, at the expense and marginalisation of other communities.
It is troublesome that in Britain and in the wider West today, religion is recognised as the core marker of minority identity for Sikhs and Muslims. Since the late 1990s there has been a distinct shift from ‘ethnic’ to ‘religious identification as either Sikh or Muslim. This fact is supported by research which has identified the centrality of religious institutions, especially places of worship, in the daily lives of minority communities. Given that the profile of both Muslim and Sikh communities in the West is very young, their radicalisation should be a matter of concern for the governments.
The advisory outlines significant risks associated with fraudulent job offers and emphasizes the need for caution….reports Asian Lite News
The Indian Embassy here on Friday issued an advisory for those travelling to Cambodia for jobs. It asked Indian nationals to secure employment only through authorized agents approved by the Ministry of External Affairs (MEA).
The advisory outlines significant risks associated with fraudulent job offers and emphasizes the need for caution.
Indian Embassy in Cambodia stated that job seekers can also approach the Embassy of India in Phnom Penh. It noted that instances have been reported wherein Indian nationals are being lured for employment through Thailand in Laos.
Indian Embassy in Cambodia noted that these fake jobs are for posts like ‘Digital Sales and Marketing Executives’ or ‘Customer Support Service’ by dubious companies involved in call-centre scams and crypto-currency fraud in Golden Triangle Special Economic Zone in Laos.
“All Indian nationals who are travelling for jobs in Cambodia and the Southeast Asian region, are advised that there are many fake agents operating in the region, who along with agents in India, are luring people to scam companies, involved especially in cyber crimes. Anybody who takes up a job in Cambodia should do so only through authorised agents approved by the Ministry of External Affairs of India,” the advisory stated.
According to the Indian Embassy in Cambodia, agents in places like Dubai, Bangkok, Singapore and India associated with these firms are recruiting Indian nationals by taking a simple interview and the typing test, and are offering high salaries, hotel bookings along with return air tickets and visa facilitation.
In the advisory, the Indian Embassy in Cambodia stated, “Instances have also come to notice recently wherein Indian nationals are being lured for employment through Thailand in Lao People’s Democratic Republic (PDR) – also known as Laos. These fake jobs are for posts such as of ‘Digital Sales and Marketing Executives’ or ‘Customer Support Service’ by dubious companies involved in call-centre scams and crypto-currency fraud in Golden Triangle Special Economic Zone in Laos.”
Indian Embassy in Cambodia stated that victims are illegally taken across the border into Laos from Thailand and held captive to work in the “Golden Triangle Special Economic Zone in Laos under harsh and restrictive conditions. At times, they are taken hostages by criminal syndicates indulging in illegal activities and forced to work in strenuous conditions under constant physical and mental torture.”
It stated, “Visa on Arrival in Thailand or Laos does not permit employment and the Lao authorities do not issue work permits to Indian nationals coming to Laos on such visas. It may be noted that tourist visa is to be used only for the purpose of tourism. Please note that those convicted of human trafficking crimes have been sentenced up to 18 years in prison in Laos.”
“Therefore, Indian nationals are advised not to get enticed and entrapped in such fraudulent or exploitative job offers and are requested to exercise extreme caution and verify the antecedents of recruiting agents as well as any company before taking up any job offer in Laos,” it added.
Earlier in March, the Ministry of External Affairs (MEA) said that the Indian Embassy in Cambodia has been promptly responding to complaints from Indian nationals who were “lured” with employment opportunities in Cambodia but were forced to undertake illegal cyber work.
The MEA said that it has rescued and repatriated about 250 Indians, 75 of which were in the past three months.
In a statement, MEA official spokesperson Randhir Jaiswal stated, “Our Embassy in Cambodia has been promptly responding to complaints from Indian nationals who were lured with employment opportunities to that country but were forced to undertake illegal cyber work.”
“Collaborating closely with Cambodian authorities, it has rescued and repatriated about 250 Indians, of which 75 in just the last three months,” he added.
In a statement, Jaiswal stated, “Several advisories have also been issued by the Ministry and the Embassy of India in Cambodia to our nationals about such scams. We remain committed to helping all those Indian nationals in Cambodia who seek our support.”
“We are also working with Cambodian authorities and with agencies in India to crack down on those responsible for these fraudulent schemes,” he added. (ANI)
India takes one more step to develop Chabahar port.
Amid regional tensions, Chabahar provides a vital alternative route for trade, reducing India’s dependency on routes that are susceptible to political disruptions, writes Noman Hossain
India has signed a landmark 10-year agreement with Iran, securing operational control over the strategically significant Chabahar Port. This agreement marks a critical step in India’s efforts to enhance regional connectivity, economic integration, and geopolitical influence. By tapping into the potential of Chabahar, New Delhi aims to establish a robust transit corridor that opens new trade opportunities with Central Asian nations and strengthens its regional presence.
Chabahar Port, located on Iran’s southeastern coast, serves as a crucial gateway for landlocked Afghanistan and Central Asia. For years, India’s access to these regions was hindered by strained relations with Pakistan, which has controlled the overland trade routes through the Karachi port. The development of Chabahar Port offers an alternative, allowing India to bypass these traditional routes and overcome geographical and political challenges.
India’s commitment to Chabahar aligns with its broader strategy of geopolitical diversification. Amid regional tensions, Chabahar provides a vital alternative route for trade, reducing India’s dependency on routes that are susceptible to political disruptions. Strengthening ties with Iran and establishing new partnerships in Central Asia supports India’s long-term energy security and economic growth.
Chabahar holds immense potential as a transit hub, facilitating trade between India and resource-rich Central Asian countries. Strategically positioned at the crossroads of South Asia, Central Asia, and the Middle East, the port allows India to access new markets and bolster regional economic cooperation. India’s involvement in initiatives like the India-Iran-Afghanistan trilateral agreement and the International North-South Transport Corridor highlights its determination to capitalize on Chabahar’s strategic location, promoting seamless trade and connectivity.
The investment in Chabahar also carries significant geopolitical implications. As China expands its influence in South Asia through the Belt and Road Initiative (BRI), India’s involvement in Chabahar provides an alternative model of development, emphasizing transparency, sustainability, and respect for sovereignty. This strategy aligns with India’s vision of a free, open, and rules-based Indo-Pacific region, offering smaller nations autonomy and reducing their vulnerability to debt-trap diplomacy.
India’s unwavering commitment to Chabahar demonstrates its resilience and foresight. Despite challenges posed by U.S. sanctions on Iran and infrastructural constraints, India remains dedicated to harnessing Chabahar’s potential. The recent agreement, involving substantial investments and a $250 million line of credit to Iran, underscores India’s long-term vision for the port, aiming to enhance its capacity and strengthen economic ties with Iran, a country with significant energy resources critical for India’s growing needs.
Beyond economic interests, Chabahar serves as a vital conduit for humanitarian assistance, reconstruction efforts, and trade supplies to Afghanistan. The port allows India to circumvent logistical challenges posed by Afghanistan’s landlocked status, fostering economic integration and regional stability. This role underscores India’s influence as a responsible regional power.
The strategic importance of Chabahar for India’s regional aspirations is clear. By leveraging the port’s geographical advantages, India seeks to forge stronger ties with Central Asian nations, access new markets, and secure reliable energy supplies. This approach aligns with India’s broader foreign policy objectives, enabling it to assert its role as an influential regional power capable of shaping the geopolitical landscape.
However, India’s vision for Chabahar faces challenges. The potential impact of U.S. sanctions on Iran remains a concern. While Chabahar has previously been exempted from sanctions due to its role in facilitating Afghanistan’s reconstruction, recent tensions between the U.S. and Iran could pose obstacles. Despite these challenges, India remains committed, recognizing Chabahar’s strategic importance for regional stability and economic integration.
India’s commitment to Chabahar reflects its aspirations to be a responsible stakeholder in regional stability and development. By investing in Chabahar, India aims to promote economic integration, reduce dependency on volatile trade routes, and foster sustainable development. This resolve is crucial for India’s ambitions to emerge as a leading global power, capable of shaping a multipolar world order.
As India navigates the complexities of the 21st-century geopolitical landscape, Chabahar stands as a testament to its strategic foresight. Each investment and milestone achieved brings India closer to realizing a vision of a prosperous, interconnected region. Chabahar is not just a port; it is a gateway to a future where India’s influence and leadership are solidified, heralding a new era of regional prosperity and economic growth.
India-Uzbekistan: A vast potential to boost collaboration
India and Uzbekistan possess vast potential and a shared interest in actively enhancing collaboration across political, trade, economic, cultural, and humanitarian realms.
Uzbekistan is establishing itself as the primary regional investment hub amidst crucial reforms and a dedicated shift towards a market-oriented economy, alluring foreign investments, including those from India.
Cultural and tourist exchanges have the potential to enhance not just the social and economic development of both nations, but also to fortify the financial foundations of India-Uzbekistan relations.
Moreover, cooperation in the transport and logistics sector plays a pivotal role in fostering collaboration between the two countries.
Of particular interest is Uzbekistan’s exploration of utilizing the Chabahar port for exports, facilitated by Indian investment. Negotiations are underway to determine the operational details.
Currently, Uzbekistan employs a multi-modal transport system for exports, integrating land, rail, and sea routes. Transitioning to exports from Chabahar could potentially reduce costs, as Uzbekistan presently exports from Bandar Abbas, which is farther from India.
Uzbekistan, alongside other Central Asian nations, backs New Delhi’s initiatives in developing Iran’s Chabahar Port, slated to emerge as a crucial transit point for India’s trade with Afghanistan and other Central Asian states.
Meanwhile, notable investments have been made by Indian companies in the fields of pharmaceuticals, amusement parks, automobile components, and the hospitality industry.
A Joint Centre for Information Technology was set up in 2006 and upgraded in 2014. An IT Park in Tashkent, established with Indian assistance, was inaugurated in July 2019.
Recently, the 3rd Tashkent International Investment Forum (TIIF) in Uzbekistan concluded on a successful note. With more than 2,500 participants hailing from 93 countries, the event, as reported by the Ministry of Investment, Industry, and Trade of Uzbekistan, served as a pivotal platform for global dialogue and the exchange of investment best practices.
A highlight of the forum was the unveiling of regional energy projects, including the construction of Kambarata HPP-1 and Yavan HPP, to potential foreign investors. Notably, the presence of the Prime Ministers of Uzbekistan and Kyrgyzstan underscored the significance of these projects for the broader region.
The tangible outcome of TIIF was the signing of agreements amounting to USD 26.6 billion, indicative of Uzbekistan’s robust investment appeal and the forum’s triumph.
By contrast, in 2022, TIIF saw the signing of 167 documents totalling USD 11 billion, marking a substantial surge in investment interest towards the country.
India also has immense opportunity to bag bigger projects from these fora.
India and Uzbekistan had set up National Coordination Committees to oversee the implementation of mutually agreed projects and initiatives.
On May 2, President Shavkat Mirziyoyev of Uzbekistan joined the plenary session of the Third Tashkent International Investment Forum at the Congress Center in Tashkent.
Over 2,500 foreign guests from 93 countries attended the meeting. Vice President of Turkey Cevdet Yilmaz, Speaker of Singapore’s Parliament Seah Kian Peng, Kyrgyzstan’s Prime Minister Akylbek Japarov, Saudi Arabia’s Minister of Energy Abdulaziz bin Salman Al Saud, President of the European Bank for Reconstruction and Development Odile Renaud-Basso, Executive Secretary of the United Nations Economic Commission for Europe Tatiana Molcean, OPEC Fund for International Development President Abdulhamid Alkhalifa, were also present.
Over the past three years, this international forum, initiated by President Mirziyoyev, has become a valuable platform for bolstering bilateral and multilateral investment cooperation, addressing critical issues, and fostering innovative ideas and strategies for their resolution.
In his opening remarks, the President welcomed the attendees, highlighting the growing esteem and demand for this forum as a testament to the significant interest in the ongoing reforms in Uzbekistan and the pursuit of mutually beneficial partnerships.
Over the recent years, the nation has drawn in upwards of USD 60 billion in foreign investments, with over USD 14 billion allocated to social and infrastructure endeavours from international financial institutions.
The enduringly robust ties between India and Uzbekistan have received an additional boost with the growing footprint of Indian industries and universities in the Central Asian nation.
Most of the companies are pharmaceutical majors including joint ventures. There are also factories for processing stones, marbles and mining.
Meanwhile, the value of bilateral trade between India and Uzbekistan has touched USD 700 million and is growing. The country is optimistic that it will touch USD 1 billion shortly.
Moreover, exports from India to Uzbekistan encompass a diverse range of goods, spanning pharmaceuticals, foodstuffs, mechanical equipment, chemical products, textiles, and more.
Conversely, imports from Uzbekistan comprise foodstuffs, construction materials, chemical products, non-ferrous and ferrous metals, footwear, leather products, and other items.
A notable aspect involves Uzbekistan’s manufacturing facility specializing in small machinery and components for IL 76 aircraft, which are exported to India.
(Chandan Kumar, PhD in Buddhist History, is a young scholar. He is working as an Assistant Professor, the Department of History, Satyawati College, University of Delhi. He has extensively researched and presented papers on Silk Routes, Ancient history, and Shared Buddhist Heritage at international conferences around the world.) (ANI)
Nepal has received foreign investment from 57 different countries, with India leading the pack with an FDI stock of NPR 88.59 billion…reports Asian Lite News
Nepal has been attracting foreign direct investment (FDI) from various countries. Among them, India stands out as the largest source of FDI for Nepal, contributing significantly to the country’s economic growth.
However, there’s a notable gap between approved FDI and actual net FDI inflows in Nepal, as revealed by the latest report unveiled by Nepal Rastra Bank, the central bank of Nepal, on “FDI in Nepal, 2021-22.”
According to the survey report, as of mid-July 2022, Nepal has received foreign investment from 57 different countries, with India leading the pack with an FDI stock of NPR 88.59 billion.
This is followed by China (NPR 33.34 billion), Ireland (NPR 20.9 billion), Singapore (NPR 16.1 billion), and Saint Kitts and Nevis (NPR 15.1 billion).
Nepalese law permits foreign investment in a wide range of activities, primarily in industrial sectors. However, foreign investment is not allowed in trading activities.
Sectors open for investment include electricity, manufacturing, financial and insurance services, accommodation and food services, information and communication, education, human health and social work, construction, agriculture, forestry, fishing, mining, and others.
Indian investors will soon be able to make foreign investment in Nepal via the Automatic Route, as per the amendment of the Foreign Investment and Technology Transfer Regulation, 2021.
The Automatic Route is not operational yet but is expected to streamline the investment process once implemented.
The FDI regime in Nepal includes both approval-based mechanisms and automatic approval mechanisms.
The Department of Industry (DOI) approves all foreign investments, while the Investment Board Nepal (IBN) handles hydropower projects over 200 MW capacity. The Nepal Rastra Bank (NRB) regulates approval and notification for the inflow of foreign investment.
The statutory timeline for providing approval for foreign investment from both DOI and NRB is 22 days. However, it generally takes about six to eight weeks to obtain approval from both departments and complete the acquisition process.
Indian banks and financial institutions can invest in Nepal’s financial sector but require prior approval from the NRB.
Indian investors can establish industries in Special Economic Zones (SEZs) with certain criteria, including export obligations.
Indian investors can provide loans to local companies in Nepal after obtaining approval from the NRB. The interest rate and ceiling for loan investments depend on the nature of the lender.
Indian investors can establish businesses in Nepal by incorporating a new company, investing in an existing company, or registering a branch office.
Indian investors cannot directly own land in Nepal but can own housing units. Indian nationals do not require work permits in Nepal but need to be registered with the Department of Labor.
There are several major customs points between Nepal and India, facilitating bilateral and third-country trade. Nepal has dry ports and Integrated Check Posts (ICPs) for trade facilitation.
Nepal and India have cemented a long-term agreement aiming to facilitate the export of 10,000 megawatts of electricity from Nepal to India over the next decade.
Nepal and India have a Double Tax Avoidance Treaty (DTAA) in place to avoid double taxation and prevent fiscal evasion.
Indian investors are allowed to repatriate earnings through various channels, including dividends, profits, royalties, and lease rents.
With these guidelines and insights, Indian investors can navigate the investment landscape in Nepal effectively, tapping into its diverse opportunities and contributing to the country’s economic growth. (ANI)
