India unable to match Chinese efforts in Africa: Zambia V-P

Discussion in 'China' started by huaxia rox, Mar 21, 2013.

  1. huaxia rox

    huaxia rox Senior Member Senior Member

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    India unable to match Chinese efforts in Africa: Zambia V-P - Livemint

    New Delhi: India hasn’t been able to match Chinese efforts to tap the resource-rich African continent, according to Guy Scott, vice-president (V-P) of Zambia.

    “If you fly over Africa, and find yourself looking down, you will see football stadium after football stadium.

    They are all Chinese-built; they are all Chinese-financed,” Scott said on Tuesday.

    He was in Delhi to attend the recently concluded Confederation of Indian Industry (CII)-Exim Bank Conclave on India-Africa Project Partnership in New Delhi. “I mentioned it to the Indian Prime Minister yesterday that Chinese have got certain models of proffering financing.”

    India and China have extended lines of credit to build infrastructure in energy-rich African countries as they seek access to mineral resources to fuel their growing economies.

    At the India-Africa Forum summit held in India in 2008, the government had announced credit lines of around $5.4 billion by 2012 to African countries.

    “The Chinese somehow, without getting into the nuts and bolts of it, manage to be quick on their feet or produce something tastier... Maybe the Chinese are doing it more effectively,” Scott said.

    The comment comes in the backdrop of a Zambian state-owned utility awarding a contract for the 120 megawatts (MW) Itezhi Tezhi hydropower project, partly funded by India, to China’s Sinohydro Corp.

    “India needs to study the Chinese modus operandi a bit more thoroughly. We are doing a lot of business with the Chinese but we ought to be doing more with the Indians, not necessarily more than we are doing with the Chinese but more than we are doing with the Indians currently,” Scott said.

    India’s push for resources has pitted it against China in a race for global resources—a contest in which it has usually been bested.

    India has been trying to counter the growing Chinese influence by shoring up its economic profile in the resource-rich continent and diversifying its import basket.

    Diversification of energy sources is critical for India, which imports more than 80% of its energy requirements.

    Responding to a question on whether India has failed to match the Chinese in Africa, Scott said that it is an empirical surmise.

    “If you look out of the window of the aircraft, you see Chinese monuments. You don’t see Indian monuments. Now that’s because some of the Indian monuments are underground—like Vedanta’s operations in Zambia. It’s a taste difference from the Chinese, like Chinese food and Indian food. I think India needs to get in there and say that why did we lose Itezhi Tezhi,” he added.

    Zambia Electricity Supply Corp. Ltd, which is developing a hydropower project through an equal joint venture with Tata Africa Holdings (SA) (Pty) Ltd, has awarded the engineering, procurement and construction tender for the plant to China’s Sinohydro Corp., Mint reported on 22 January 2010. India has provided a $50 million line of credit for the project.

    India’s focus on Africa stems from the fact that the continent accounts for 9.5% (132 billion barrels) of the world’s proven oil reserves and 12% (478 million tonnes per annum) of the world’s production.

    India, the world’s fourth largest energy consuming nation, imports 80% of its crude oil and 25% of its natural gas requirements. The country trails behind the US, China and Russia, accounting for 4.4% of global energy consumption.

    India’s energy demand is expected to more than double by 2035, from less than 700 mt of oil equivalent (mtoe) today, to around 1,500 mtoe, according to oil ministry estimates.
     
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  3. Daredevil

    Daredevil On Vacation! Administrator

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    He is right. UPA screwed up Indian economy and foreign policy.
     
  4. huaxia rox

    huaxia rox Senior Member Senior Member

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    so what happened in the era of NDA rule from 1998 to 2004....any major build ups???
     
  5. Blackwater

    Blackwater Veteran Member Veteran Member

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    congrats china
     
  6. amoy

    amoy Senior Member Senior Member

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    Late last year in Shanghai I met a man back from Zimbabwe where he does good business.

    A wonderland blessed with rich resources and amazing landscape.

    Locals just quit after making "enough" money and then back to the job once the money is squandered. Nothing called "saving" at all.

    More Chinese shall just emigrate to Africa!
     
  7. satish007

    satish007 Senior Member Senior Member

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    I like the attitude to job. job for live not live for job.
     
  8. Srinivas_K

    Srinivas_K Senior Member Senior Member

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    India is improving the Ties with African countries.

    India has France its partner in Africa

    The below map shows former french colonies

    [​IMG]

    So India and France can cooperate in those colonies and can compete with China, MMRCA deal with French Dassault also helps India to bolster ties with France :thumb:
     
  9. badguy2000

    badguy2000 Respected Member Senior Member

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    it is not strange at all that India can not match China in Africa ,because China has much more economy resource and can afford much more aid than India....
     
  10. badguy2000

    badguy2000 Respected Member Senior Member

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    even if so, so what?
    a alliance of dwarfs?

    the combined GDP of France+India is less than 1/2 of CHina's GDP.
     

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