In the last 20 years, China has accounted for just 0.51% of the total foreign direct investment that has come into Indian companies, and ranks a lowly 18, according to Indian government data.
India, in turn, looked at China as the factory of the world, driven by state support, top-notch infrastructure and economies of scale. In fact, the big story in the 2000s was about Indian manufacturers setting up factories in China to tap these advantages.
China welcomed them. When Indian automobile component company Sundram Fasteners set up a factory in Wuyuan town in China’s Zhejiang province more than a decade ago, local authorities named a road in the town after the Chennai-headquartered company. Till 2018, as per Indian government data, Indian companies had invested $1.09 billion in China.
Initially, foreign direct investment from China to India was predominantly by state-owned companies investing in the infrastructure space. Over the last 10 years, however, this has started to change with China’s reputation as a technology superpower growing.
Chinese tech giants such as Baidu, Alibaba and Tencent started investing in fledgling Indian companies. According to data from technology a research firm, 28 Chinese corporates have invested in Indian startups since 2010. Leading them are Tencent and Xiaomi. Tencent, for instance, has 16 Indian companies in its portfolio, including the unicorn startups—those valued at more than $1 billion—Byju’s, Dream11, Flipkart, Hike, Swiggy and Udaan. Other companies in which it has a stake include Ibibo Group, KhataBook, MyGate, NewsDog and Practo. All of these companies are visible and flag bearers of the Indian startup ecosystem.
Another set of investors are Chinese venture capital firms, and 41 of them have invested into Indian startups. Shunwei Capital leads with 16 portfolio companies, Cashify, Chalo, Clipapp and KrazyBee, to name a few. It is followed by Swastika, with 12 companies including HelloDhobi, InstaCar, Makkajai, Pickrr and Pocketin.
In all, these 69 Chinese companies and VCs have invested in 104 Indian startups. In the overall Indian startup landscape, that’s a small patch. Only 17 of these companies and VCs had more than one company from India. According to available data, till the end of last year, 6,114 Indian startups had received funding. Unlike trade, investment in India is a small space for China so far.
Karnataka Eid clash: 43 persons arrested in Karnataka’s Shivamogga district
Chief Minister Siddaramaiah said the government is not going to tolerate people throwing stones on religious processions of other religions.
Tension gripped Karnataka’s Shivamogga district as two groups clashed during Eid e Milad un Nabi processions near Ragigudda. 43 persons have been arrested in the clashes on Monday. Chief Minister Siddaramaiah said the government is not going to tolerate people throwing stones on religious processions of other religions.
Section 144 has been imposed Ragigudda by the Shivmogga district administration. CM Siddaramaiah said the situation is currently under control. The police has arrested 43 persons. He added it is wrong to pelt stones to disturb the religious procession of others. He said the government is not going to tolerate such actions.
Milad un Nabi processions is usually marked by large gathering and celebrations. The procession was halted due to the chaos. The police said the protestors tried to breach the barricades set by the security forces. The police forces had to resort to a lathi charge in order to disperse the crowd. About five people were injured during the clashes.
Senior police officials said the situation was under control and the issue had been resolved. They appealed to the people to maintain peace and not spread rumours. Siddaramaiah said cases were being booked against those found guilty as pelting stones at another religious procession is against the law.
Siddaramaiah added Shivamogga city has been brought to normalcy again. All possible actions are being taken by the police force. The situation continues to be tense all over the city of shivamogga. The security arrangements have been tightened. The shops and the market has been asked to close down.
2500 policemen, two platoons of Karnataka State Reserve Police (KSRP), two platoons of rapid action force and 12 platoons of District Armed Reserve have been stationed across the city to thwart any untoward incident. The murder of Harsha, the Bajrang Dal activist which made national news had taken place in shivamogga city in February 2022.
Lal Bahadur Shastri Jayanti 2023: History, Date and Significance
Shastri was a freedom fighter and a close associate of Mahatma Gandhi. He played an important role in India’s independence movement.
On 2nd October 2023, India also celebrates the birth anniversary of another great leader, Lal Bahadur Shastri. The day holds special significance as India remembers the legacy and life of the man who served as India’s second Prime Minister. Lal bahadur Shastri was born on October 2, 1904 in Mughalsarai, Uttar Pradesh. He is a symbol of dedication and selfless service to the nation.
Shastri was a freedom fighter and a close associate of Mahatma Gandhi. He played an important role in India’s independence movement. He was sent to the prison several times by the British government. After India got its independence in the year 1947 he served in many important ministerial positions in the government of Pandit Jawaharlal Nehru.
Lal Bahadur Shastri was born into a lower middle class family. His father’s name was Sharda Prasad Srivastava who was also a teacher. Ram Dulari Devi was a house wife. He was born with the name Lal Bahadur Srivastava. He earned the title Shastri due to his academic excellence. He was commited to education during his entire life. He went on to become not only a leader but also an academic and an activist.
Lal Bahadur Shastri showed unwavering dedication to the Indian National Congress political party. He served as the second Prime Minister of India from 1964 until his death in 1966. His tenure as Prime Minister marked a significant progress and change in India.
He held many important positions which included Minister of External Affairs and Railways. His tenure had many notable achievements which included signing of the Tashkent Agreement. The Tashkent aimed to ease tensions between India and Pakistan.
This diplomatic respect earned him respect on the global arena. Lal Bahadur Shastri gave the slogan Jai Jawan Jai Kisan which means hail the soldier and hail the Farmer. The slogan means emphasizes on the vital contributions of farmers and soldiers to the country’s prosperity.
Rahul Gandhi visits Amritsar, offers sewa at Golden Temple
Rahul Gandhi went to Amritsar for personal and spiritual visit, as per Punjab Congress leader.
Congress leader Rahul Gandhi visited to the Punjab’s Golden Temple today. Rahul Gandhi participated in kar sewa after making prayers at the Golden Temple. He was observed washing dishes alongside other party members and volunteers from the Gurudwara.
He will stay the night in the city, according to a representative of Congress.
Let’s respect his privacy because this is a personal and spiritual visit from him. Request that none of the party’s employees show up in person for this visit. Amarinder Singh Raja Waring, the head of the Punjab Congress, wrote earlier in the day on X, formerly known as Twitter. He also added, you all can express your support in spirit and see him the next time.
The arrest of MLA Sukhpal Singh Khaira has caused a rift between the Congress and the ruling Aam Aadmi Party (AAP), which is why Rahul Gandhi is in Amritsar.
Sukhpal Singh Khaira, a Congress leader, was detained by the Punjab police last week on suspicion of taking part in money laundering and narcotics trafficking.
The Punjab Chief Minister Bhagwant Mann and the AAP have both been called thirsty for blood by the Congress leader. He said, he won’t be shocked if he gets me physically eliminated as well.
According to the AAP government, Khaira was arrested as a result of fresh evidence in a 2015 case.
The national leadership of the AAP and the Congress may support the INDIA alliance, but Khaira’s arrest has exposed regional rivalries that may make it challenging for the two to cooperate.
The release of the video coincides with Rahul Gandhi expanding his network of supporters in advance of the Lok Sabha elections. The Congress leader was recently spotted performing the part of a farmer and engaging in crop transplantation. Later, he tried the coolie and even tried his hand at carrying passengers baggage on his head. Most recently, he even gave carpentry a try as well.