Sri Lanka snubs India opens port to Chinese submarine again

[thethinker]

Well I'm aware that Indian IT industry is expanding and thriving in the current global business environment. Anyway aren't those Indian IT companies just a outsourcing locations for the US tech giants? If Indian IT companies tries to establish in SL wouldn't they do the same outsourcing as the US companies? On the foot note SL also have a thriving and vibrant tech industry and I think it can grow on it's own rather than joining up with Indian companies. You can correct me if I'm wrong.

That is incorrect.

The transition is from being back office to own IT startup ecosystem.

Bengaluru stands tall with $2.6-billion venture capital - The Times of India

BENGALURU: India's IT hub, Bengaluru, came in fifth in a list of cities globally that received the most venture capital in 2014, an indication of the growing vibrancy of its startup ecosystem.

San Francisco led the list with $13 billion of VC investments, followed by Beijing ($6.4 billion), New York ($5.7 billion), Palo Alto ($3.2 billion) and Bengaluru ($2.6 billion). The list has been put together by Crunchbase, a global startup ecosystem database.

Among countries, India received the third highest VC funding ($4.6 billion) after the US ($58.9 billion) and China ($8.9 billion).

Ravi Gururaj, chairman of the Nasscom Product Council, says India enjoyed record VC investments in the second half of 2014, and the wave shows no sign of slowing down. "This was kicked off by the historic election results which boosted investor confidence tremendously. Additionally, private equity investors worldwide, particularly those that missed out on the meteoric rise in Chinese startup valuations, flocked to high performing Indian consumer startups determined not to miss out on a fast ride on the India Startup Express."

Sanjeev Aggarwal, co-founder of Helion Venture Partners, says Bengaluru's lead position is because of its ability to attract tech talent. "The cycle kicked in with Infosys and Wipro, followed by global companies coming in large numbers. Engineers employed with companies like Google and Yahoo wanted to experiment with new ideas, and that has spawned a startup culture. Mobile apps and cloud have reduced entry barriers to build companies," he told TOI.

CrunchBase does not give a breakup of the investments in each city. In Bengaluru's case, a significant portion of the $2.6 billion would likely be on account of Flipkart's two rounds of funding that happened last year. The e-commerce company received an estimated $1.7 billion.

Parag Dhol, MD of Inventus Advisors India, believes Bengaluru's startup ecosystem is beginning to have a multiplier effect. "You have an ecosystem where companies have gone public, there are good product startups, and new-age entrepreneurs are turning into angels. In that sense, success begets success. Venture capitalists are looking at India with a fresh set of eyes," he adds.

Aggarwal notes that capital is going particularly to the leaders who are building companies in large under-served markets, and to companies like Flipkart, Snapdeal and Ola. "Investors are paying a leadership premium," he says.

Japanese internet giant Softbank invested $627 million in Snapdeal and $210 million in Ola Cabs last year.

 

[sgarg]

We almost finished off LTTE in 1985 when Indian intertwined and forced us to oblige to Indian demands. I do not think that will happen in future.

One should never be too sure. If Sri Lanka wants to play enemy, the core of a new LTTE can come from Tamil Nadu. I am 100% certain of at least 100K previous Sri Lankans living here.

As you have seen in other situations in the world, a small special forces army can seize a lot of territory when supported by a superior air force.

 

[HeinzGud]

One should never be too sure. If Sri Lanka wants to play enemy, the core of a new LTTE can come from Tamil Nadu. I am 100% certain of at least 100K previous Sri Lankans living here.

As you have seen in other situations in the world, a small special forces army can seize a lot of territory when supported by a superior air force.

Oh you suggest that IAF would support revoked LTTE gang. Let's see. Even if that's the case SL can obtain latest up to date air defense missile systems from China which will deny IAF the air superiority. And the so called small special forces army can be countered by our well trained combat hardened Special Forces units.

 

[ladder]

Oh you suggest that IAF would support revoked LTTE gang. Let's see. Even if that's the case SL can obtain latest up to date air defense missile systems from China which will deny IAF the air superiority. And the so called small special forces army can be countered by our well trained combat hardened Special Forces units.

LOL! that is akin to warding mosquitos with cigarette smoke. The amount of smoke needed will cause more damage to your lungs than to mosquitos.

 

[sgarg]

Oh you suggest that IAF would support revoked LTTE gang. Let's see. Even if that's the case SL can obtain latest up to date air defense missile systems from China which will deny IAF the air superiority. And the so called small special forces army can be countered by our well trained combat hardened Special Forces units.

When are you planning to procure "latest up-to-date SAM systems". Specify a date?
Not sure about your special forces units. Doubt it will hold for long.

Geography plays a big role in military tactics. Sri Lanka cannot win a war with India as it does not have favorable conditions for it.

Your attitude is quite remarkable. You are forcing me to study more on Sri Lanka. First thing I can tell you is that Sri Lanka has no strategic depth. You are not Pakistan. You have nowhere to run.
You cannot stop Indian fighters from bombing Colombo. Your situation is not good at all vis-a-vis India.

If I were you, I will keep my mouth shut. I would at least wait for the so called "advanced-SAMs from China" to arrive.

 

[Virendra]

SL can obtain latest up to date air defense missile systems from China which will deny IAF the air superiority.

If only things were so simplistic and easy go in real life...

 

[amoy]

http://www.mea.gov.lk/index.php/en/...strengthen-friendship-and-bilateral-relations

Minister Samaraweera informed the Chinese-side that it was the desire of the new Government of Sri Lanka to further strengthen the warm and robust bilateral relations and the cooperative partnership which would be the key objective of the upcoming State Visit to China by President Maithripala Sirisena.

Minister Samaraweera also briefed the Chinese side on recent developments in Sri Lanka, including the formation of the new Government, which he stated was a Government of national unity between the two major political parties in Sri Lanka. The Minister stated that both these parties had over the years, fostered Sri Lanka – China relations and as such, both the President and Prime Minister are keen to take forward the relationship to a new level of excellence.

During bilateral talks, the Chinese Foreign Minister-Wang Yi, underscored the nature of the relationship between China and Sri Lanka as an "all weather friendship" and reiterated that China will continue to promote strong relations with Sri Lanka.

~~Still waters run deep. ~~from my MiPad using tapatalk

 

[Ray]

Oh you suggest that IAF would support revoked LTTE gang. Let's see. Even if that's the case SL can obtain latest up to date air defense missile systems from China which will deny IAF the air superiority. And the so called small special forces army can be countered by our well trained combat hardened Special Forces units.

Sure, you must get everything and anything which is the latest.

Insurgency combating is not however the same as combat - hardened or otherwise.

 

[Khagesh]

Indians needs to focus on making India strong. Forget about Sri Lanka. It does not matter if a Chinese sub docks at a Lankan port.

Only those who want to take us into an alliance with US claim its dangerous. Chinese signal a lot. And aside from a signal its meaningless. Sending PLAN to anywhere near India, be it Hambantota or Gwadar is kind of like, a parent sending a little kid into a dark room.

 

[Samar Rathi]

Sri Lanka threatens Chinese firm with legal action to stop project

(Reuters) - Sri Lanka could take legal action against a Chinese firm for not halting work on a $1.5 billion luxury real estate project until a probe is completed, a government minister said.

Sri Lanka's new government is reviewing the award of the project to China Communications Construction Co Ltd (CCCC) because of allegations the previous administration breached laws and sidestepped environmental rules for the deal.

The project, which risks getting involved in a diplomatic row, involves development of a port city on reclaimed land in the capital Colombo, complete with shopping malls, a water sports area, golf course, hotels, apartments and marinas.

Sri Lanka's Investment Promotion Minister, Kabeer Hashim, said the Board of Investment (BOI) had asked the Chinese firm last month to halt the project until the investigation was completed.

However, the port city construction had actually been accelerated since the new government came in.

"Rightfully, they should stop," Hashim told Reuters on Wednesday. "The ministry of ports will take necessary action to halt the work until this inquiry is done."

If it was not stopped, he said, "Then legal action will be instituted against them to not proceed any further."

Chinese Foreign Ministry spokeswoman Hua Chunying said China understood and respected the desire of Sri Lanka's new government to improve the investment environment.

"We believe that Sri Lanka will take into account the overall picture of friendly bilateral ties and the basic interests of Sri Lanka's national development to appropriately resolve the relevant issue to maintain the confidence of Chinese companies investing in Sri Lanka," she told reporters on Thursday.

An official in CCCC's investor relations department said the firm was not aware of the minister's latest remarks.

"The government has made some suggestions during its review but there has been no mention of cancelling the project," said the Beijing-based official, who declined to be identified, citing company policy.

China has said the port city and another port under development in southern Sri Lanka were good for the country as tens of thousands of jobs would be created and millions of dollars of foreign direct investment would come in.

China has emerged as a major investor in the Indian Ocean island state, building ports and highways in a diplomatic push that has drawn concern in neighbouring India, which has uneasy relations with Beijing.

(Reporting by Ranga Sirilal and Shihar Aneez; Additional Reporting by Brenda Goh in Shanghai and Ben Blanchard in Beijing; Editing by Sanjeev Miglani, Tom Heneghan and Alan Raybould)

Sri Lanka threatens Chinese firm with legal action to stop project | Reuters

 

[Rowdy]

Sri Lanka threatens Chinese firm with legal action to stop project

(Reuters) - Sri Lanka could take legal action against a Chinese firm for not halting work on a $1.5 billion luxury real estate project until a probe is completed, a government minister said.

Sri Lanka's new government is reviewing the award of the project to China Communications Construction Co Ltd (CCCC) because of allegations the previous administration breached laws and sidestepped environmental rules for the deal.

The project, which risks getting involved in a diplomatic row, involves development of a port city on reclaimed land in the capital Colombo, complete with shopping malls, a water sports area, golf course, hotels, apartments and marinas.

Sri Lanka's Investment Promotion Minister, Kabeer Hashim, said the Board of Investment (BOI) had asked the Chinese firm last month to halt the project until the investigation was completed.

However, the port city construction had actually been accelerated since the new government came in.

"Rightfully, they should stop," Hashim told Reuters on Wednesday. "The ministry of ports will take necessary action to halt the work until this inquiry is done."

If it was not stopped, he said, "Then legal action will be instituted against them to not proceed any further."

Chinese Foreign Ministry spokeswoman Hua Chunying said China understood and respected the desire of Sri Lanka's new government to improve the investment environment.

"We believe that Sri Lanka will take into account the overall picture of friendly bilateral ties and the basic interests of Sri Lanka's national development to appropriately resolve the relevant issue to maintain the confidence of Chinese companies investing in Sri Lanka," she told reporters on Thursday.

An official in CCCC's investor relations department said the firm was not aware of the minister's latest remarks.

"The government has made some suggestions during its review but there has been no mention of cancelling the project," said the Beijing-based official, who declined to be identified, citing company policy.

China has said the port city and another port under development in southern Sri Lanka were good for the country as tens of thousands of jobs would be created and millions of dollars of foreign direct investment would come in.

China has emerged as a major investor in the Indian Ocean island state, building ports and highways in a diplomatic push that has drawn concern in neighbouring India, which has uneasy relations with Beijing.

(Reporting by Ranga Sirilal and Shihar Aneez; Additional Reporting by Brenda Goh in Shanghai and Ben Blanchard in Beijing; Editing by Sanjeev Miglani, Tom Heneghan and Alan Raybould)

Sri Lanka threatens Chinese firm with legal action to stop project | Reuters

 

[HeinzGud]

Oh hoh ho...... enjoy for few months.....

 

[Illusive]

Oh hoh ho...... enjoy for few months.....

Nothing is permanent but surely not a coup....or are you suggesting something else:cool2:

 

[rockey 71]

Real intentions of SL may be known only after PM Modi's visit. A re-bid may be possible.

 

[sgarg]

IGNORE SRI LANKA. India will react to Sri Lanka's actions rather than words. Sri Lanka's actions are being watched.

India's coast guard is MORE THAN ENOUGH to deal with Sri Lankan navy. The coast guard can respond to any provocations in Indian waters around Sri Lanka.

As regards China's involvement in Sri Lanka, it is being watched. India is ONLY concerned with Sri Lankan actions hostile to India. The rest does not matter.

 

[Free Karma]

I dont think the project will be stopped, it's way too big, it will probably be re-negotiated when SL minister visits China.

 

[HeinzGud]

Nothing is permanent but surely not a coup....or are you suggesting something else:cool2:

Nope. The new government appointed right after the inauguration of Mr. Sirisena is steadily loosing popularity and the general election can be summoned right after this coming April. So it's just a matter of time.

 

[Illusive]

Nope. The new government appointed right after the inauguration of Mr. Sirisena is steadily loosing popularity and the general election can be summoned right after this coming April. So it's just a matter of time.

Is it because of pro India stance of the govt, I mean Rajapaksha received lot of kickbacks from Chinese so that was OK? Even if elections do happen who is the alternative and whats his stance regarding India and Chinese expansionism.

 

[karn]

Is it because of pro India stance of the govt, I mean Rajapaksha received lot of kickbacks from Chinese so that was OK? Even if elections do happen who is the alternative and whats his stance regarding India and Chinese expansionism.

He is new to vote bank politics .. He will learn ...

 

[amoy]

Sirisena admin. is allegedly a govmt of "national unity" btwn two major parties. then how firm is that unity? the PM sounds rather anti China (in a nationalistic disguise though) and different ministers r giving conflicting messages from time to time regarding foreign relations and projects. that shows they r either in disarray or not well coordinated.

it's stupid of those politicians who've allowed internal politics to spill over the foreign policy in a lack of consistency. China is not only one of UNSC P5 who's been a longstanding supporter of SL but also a growing source of outbound investment. their flip-flop in honoring commitments only frustrates investors.