India’s Power Ministry Endorses Tripling Duty on China Equipment

[IndoUS]

Financing has strings attached. India is providing $1 Billion loan to BD, the Indians want almost everything to be supplied from India.

Ever thing in business have strings attached to them, everyone is going to be looking for benefit.

 

[shree835]

China provided the financing as a condition that India purchases Chinese equipment. If this stops India from purchasing the Chinese equipment, the financing will be withdrawn. Regardless, India has no capability of making adequate power equipment and has no track record of timely delivery. I am just going to sit back and watch this circus show of freaks and thugs.

Mr. BONG...You have some typing mistake that should be China Provided finance to Pakistan...hmmm...We don need your finance...Please spend your asset to Pakistan.

 

[FairAndUnbiased]

I'm more worried about the 50% of Indians who do not have access to electricity.

 

[IndoCarib]

I'm more worried about the 50% of Indians who do not have access to electricity.

Dont you think you should worry about 100 % Chinese who dont have freedom ?

 

[perplexed]

Dont you think you should worry about 100 % Chinese who dont have freedom ?

LMAO !! nailed it in the head..

 

[conworldus]

Dont you think you should worry about 100 % Chinese who dont have freedom ?

Then it is 100% Indians don't have a brain. Case closed.

 

[mautkimaut]

Then it is 100% Indians don't have a brain. Case closed.

Oh then 100% Chinese dont have a spine .. to stand against the oppressive Party .. Case Closed Now

 

[Archie]

I really doubt any of the SinoTrolls have read the article

They are only trolling so as to earn there 50 cents , since they lost there jobs coz america and europe can no longer afford chinese junk

If anyone reads the article , he will find that chinese firms have only Won 34% of the 61000 MW of power projects
the remaining 66 % of the projects were won by Indian company
The increase in import Duty will ensure that Indian companies will increase there share to Atleast 85% , thanks to the double wammy of decline in Rupee and increase in taxes

As it is important to save valuable forex , and in the long run increased reliance on Indian companies will lead to improvement in employment as well as boasting the growth rate , not to mention the benefits of a reduced trade deficit

frankly i expect telecom ministry to follow suit in increasing duty on chinese gear , since Indian companies which only had about 50% of the share in this market should benefit by having a level playing field against the chin

We should only import goods that are essential for economy or which are not manufactured in India

for Instance NaMo should setup 2 more plants in Gujrat to Manufacture metro trains as well as increasing the capacity of the curent single plant built in JV with Bombardier
this will ensure that chinese companies who won order to supply two of the eight ongoing metro projects , do not win order for any of the 12 planed metro projects

 

[Merilion]

I'm more worried about the 50% of Indians who do not have access to electricity.

u worried too much bro. really totally uncalled for.
those 50% indians have access to democrazy instead. they can vote in the darkness, they can shout out freedom in the darkness, they can starved in the darkness, they can do a lot of things in the darkness. who needs electricity?

 

[Lyrical Mockery]

bloated egos much.

 

[Filmmaker]

Indians want to pay more for power equipment, I say go for it. Good idea!!! Protectionism is the solution to all your problems. China really doesn't need your quickly devaluing rupees anyway.

then ask ur government to stop all trade with India oops I forgot u don't have freedom of expression in China

 

[Chinese-Dragon]

Oh then 100% Chinese dont have a spine .. to stand against the oppressive Party .. Case Closed Now

LOL. According to the Wall Street Journal, China had 180,000 mass protests in 2010 alone.

Unrest on Rise as China Booms - WSJ.com

I love how the Indians here love to say that "Chinese people can't protest!"... while at the same time, they start threads with pictures of Chinese people protesting against the government.

 

[Archie]

says the person yet to step out of his parents basement

 

[Archie]

tell me when you plan to step out of your moms basement eh hongboo

 

[harpoon]

tell me when you plan to step out of your moms basement eh hongboo

With the 5 cents that CCP pays...it will take a long time.