FIRST & FOREMOST ASIAN WEEKLY IN EUROPE
VOL 40. ISSUE 28
VOICE
Let noble thoughts come to us from every side
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Modi showcases ‘Brand Gujarat’ in China
Gujarat Chief Minister Narendra Modi, during his fourth visit to China, on the invitation of Communist Party of China (CPP), held a wide range of discussion with top Chinese leadership. In a rare gesture, China’s top leadership hosted his delegation at Great Hall of People and had a free and frank discussion and exchange of ideas on a range of subjects including trade, industry, socio-economic development, investment, and prevailing global economic scenario. Modi emphasized about the shared heritage of India and China, and common vision for improved quality of lives of their people. In his meeting with the Mr Wang Gang, Vice Chairman of the China People’s Political Consultative Conference, (and a member of the politburo of Communist Party of China), Modi showcased Gujarat as a destination with a conducive environment to
Wang Gang, vice chairman of the National Committee of the Chinese People's Political Consultative Conference shakes hands with Narendra Modi
invest and work. He also explained Gujarat becoming a major tourist destination. He brought out the richness of Buddhist culture in Gujarat which solicited very keen interest among Chinese leadership. He also dwelled upon the ancient Indian and Chinese ethos, relationship, friendship, cultural and business ties. While showcasing Brand ‘Gujarat’ – which is equated with Guangdong of China, he invited Chinese business commu-
nity and public enterprises to participate in the Vibrant Gujarat Global Investors’ Summit- 2013. He highlights Gujarat’s special investment regions as areas where Chinese companies could invest. He called on China to invest in infrastructure and power projects in the state, wooing potential investors with a sales pitch that showcased Gujarat as a state with levels of “governance, transparency and stability” that they could not find else-
where in India. He declared that “the two great countries will make Asia the centre-stage of the global economy.” Learning of Chinese language in Gujarat He also announced plans to open a Mandarin school to promote learning of Chinese language in Gujarat. “To boost economic interaction, we must focus on cultural exchange. I am keen to start a Mandarin language school. We have a number of Buddhist places which can be the driver of cultural exchange,” he said. In his speech, he said while “India has emerged” is the buzz word all around the world, China’s emergence is already an established fact. India and China are set to play a major role in global politics. While population is strength, “inclusiveness of our people with our fast growth is our biggest challenge. Whatever India and China do, affects one third of the humanity. Continued on page 26
19th November to 25th November 2011
Kingfisher to keep afloat, despite of heavy debts Kingfisher Airlines is going through troubled times as over 100 pilots have quit after they were not paid their salaries even as the company cancelled over 80 flights in the last two days. The cancellation of 80 flights in the past couple of days left thousands of passengers in the lurch prompting the Directorate General of Civil Aviation to demand an explanation from Kingfisher. The cash-strapped airline claimed that it had to drop flights as the company was trying to reconfigure its aircraft. There was chaos at several airports after passengers complained that they were not intimated about the Kingfisher cancellations. As the airline was passing through rough times, Kingfisher Airlines chairman Vijay Mallya has asked the government to speak to banks for helping the airlines. It was misunderstood later that Mallya had asked for bailout. The airlines may finally get some help from the Government even as civil aviation Minister Vayalar
Vijay Mallya
Ravi ruled out any bailout package for the company. Sources say that union finance minister Pranab Mukherjee may speak to banks to bailout the airlines which is floating in the red. "There is problem with aviation industry as a whole. The fuel price hike and the continuous sales tax imposition by the states is one of the major problems. Mallya complained to me and told me that HPCL had refused to give Kingfisher fuel last week," said Ravi. Ravi suggested that the finance minister may ask the banks to give loan to Kigfisher Airlines to help it tide over the financial crunch. Continued on page 26