India becomes most attractive for Western tech Firms after China shows its true colours
The Chinese action in post COVID-19 situation has made it clear that it cannot be our trusted partner.
The Chinese action in post COVID-19 situation has made it clear that it cannot be our trusted partner.
For years the Chinese have stolen western technology and IP to line their own larder. Now the west is looking at India as a safe and dependable partner- with its rule of law systems, democratic and liberal government and brilliant talent.
Recently, CNN reported that Google will invest $10 billion in India over the next few years. The investment announcement came after a conversation between Sundar Pichai, Chief Executive of Google and Indian Prime Minister, Narendra Modi.
India has emerged as a magnet for investments by leading global tech and innovative companies who continue to show great confidence in India’s growth prospects and its digital economy. The Indian Prime Minister has underlined that India is more welcoming than ever to foreign investments. A pro-active government, strong rule of law systems, massive market, cost efficiencies and technical competencies make India an ideal location for growth oriented investments.
Google is not the only major investor to have chosen India. The Wall Street has a brilliant article on this here.
Even in a pandemic situation, several other global leaders have announced large investments in the last 3 months itself. Some of these include; Google ($ 10 billion), Walmart ($ 1.2 billion), Foxconn ($ 1 billion), Facebook ($5.7 billion in India’s Reliance Jio Platforms), Qualcomm Ventures ($ 97 million), Thomson ($ 142.8 million), We Work Global ($ 100 million), Hitachi ($ 15.9 million), KIA Motors ($ 54 million) and Saudi Arabia’s PIF($ 1.6 billion). Other companies, including Hyundai Mobis, SGS, Axtria, f5, Tsuzuki, Samsung have also announced plans for major investments in India.
For once, the Canadian investors have been quick to capitalize on India's opportunities. In the last 5 years Canadian investment firms and Canadian pension funds have chosen India as destination for their investments for strong sustained growth. Canadian institutional investments in India have grown from merely $5 billion in 2015 to $60 billion now, with more investment pipelines in the offing.
There should be much more flow from Canada to India and vice versa, however the few radical idiots seem to be holding the relationship hostage. India has rightly asked Canada to address its legitimate security concerns in Canada- which has emerged as a free space for terrorists and hate-mongers.
Google is not the only major investor to have chosen India. The Wall Street has a brilliant article on this here.
Even in a pandemic situation, several other global leaders have announced large investments in the last 3 months itself. Some of these include; Google ($ 10 billion), Walmart ($ 1.2 billion), Foxconn ($ 1 billion), Facebook ($5.7 billion in India’s Reliance Jio Platforms), Qualcomm Ventures ($ 97 million), Thomson ($ 142.8 million), We Work Global ($ 100 million), Hitachi ($ 15.9 million), KIA Motors ($ 54 million) and Saudi Arabia’s PIF($ 1.6 billion). Other companies, including Hyundai Mobis, SGS, Axtria, f5, Tsuzuki, Samsung have also announced plans for major investments in India.
For once, the Canadian investors have been quick to capitalize on India's opportunities. In the last 5 years Canadian investment firms and Canadian pension funds have chosen India as destination for their investments for strong sustained growth. Canadian institutional investments in India have grown from merely $5 billion in 2015 to $60 billion now, with more investment pipelines in the offing.
There should be much more flow from Canada to India and vice versa, however the few radical idiots seem to be holding the relationship hostage. India has rightly asked Canada to address its legitimate security concerns in Canada- which has emerged as a free space for terrorists and hate-mongers.
We need to act against these criminals on our soil before India really begins to trust us.