India’s Railway Will Become Self-Reliant To Develop India And Not For Profit
India is now determined to improve its outdated infrastructure and the Works which earlier were groaning under the weight of lethargy, started gaining speed since 2014. Last year, the country planned to spend $1.4 trillion on infrastructure up to 2024, as part of its efforts to become a $5 trillion economy by then.
Even with a bit high foreign debt burden,the Government is not worried as the Country has high levels of foreign currency reserves. The government therefore can afford to spend big on infrastructure projects and there are many foreign investors lined up to make investments in India.
Also India’s own engineering technology and capability have improved tremendously and are now able to meet most of the country’s needs. Simply put, now India is moving ahead to upgrade its infrastructure at a rapid pace and for this foreign investors are being welcomed.
However, India is not going to accept any investment blindly, especially from countries that have nefarious designs on our country and are in kowtow with countries supporting terrorism and separatism inside India.
India is also not ready to accept investment from those whose intent is to capture, disrupt or control the Indian market and economy. Laws have been already tightened in this regard. The overall aim is now to make India self sufficient and a leading manufacturer at the international level.
We also aim to decouple from China economically,no matter what the cost, because they have attacked and killed our soldiers and are trying to grab our territory. There will be no BUSINESS AS USUAL till the Indo Tibetan Boundary is fully settled in all respects.
Keeping with the above, the Indian Ministry of Railways announced recently that it has canceled the tender for manufacturing semi high-speed Vande Bharat trains, and a fresh tender will give “Preference to Make in India.”
A Chinese joint venture, CRRC Pioneer Electric (India) Private Limited was the foreign bidder in the tender. So this cancellation by India to exclude Chinese companies and joint ventures with Chinese partners from participating in its infrastructure construction may be taken as a firm resolve.
However the actual cancellation has been done on technical factors. It seems a few of the other tenderers inadvertently revealed some of their financial data in the Technical Bid itself.
We know that rejecting Chinese firms may slow down the pace of the country’s infrastructure improvement a bit, but it will offer more opportunities and support to domestic companies.
To become self sufficient thus slow down is acceptable. Also investors from Japan and other countries are ready to invest at better terms. The promotion of self-reliance given the country’s economic state, is the top most agenda of the NDA Government. In this endeavor support to domestic industries is essential for benefits to accrue in the long run.
For a long time, poor infrastructure has been a bottleneck for India’s economic development, especially in terms of manufacturing capability. It is no secret that India’s colonial-era rail network, one of the world’s largest, is aging and in urgent need of upgrades. There has been improvement in recent years but the railway system still faces problems like low speeds and safety issues.
India’s new brand of political leaders now recognize that encouraging Make in India is going to play a major role in development of the Country.
international cooperation is acceptable but at our terms without strings attached or we are ready to forego it and still move ahead. The progress in Nuclear, Space and Missile Technology are prime examples of Indian determination.
