On June 16, hours before the world would get to know that 20 Indian soldiers—including a commanding officer— had been killed in clashes with Chinese troops in Ladakh’s Galwan Valley, Indian news outlets reported that Chinese firm Shanghai Tunnel Engineering (STEC) had won the lowest bid to construct a stretch of the Delhi-Meerut Regional Rapid Transit System project, estimated to be worth over ₹1,000 crore.
On the same day, MG Motor India, owned by China’s SAIC Motor Corp, announced that it was starting production of the Hector Plus, a seven-seater version of its mid-size sports utility vehicle. It would be made at the factory in Gujarat that MG had acquired from General Motors in 2017.
The situation on the border with China has been tense since the first week of May when soldiers clashed at Pangong Tso, a lake through which the Line of Actual Control passes. In midMay Prime Minister Narendra Modi impressed the need to be ‘Vocal for Local’ as one way to battle the Covid19 crisis, suggesting the importance of buying and consuming locally produced goods. In mid-June, as tensions ran high between China and India, being local got a new focus— showing Chinese businesses the door.
According to media reports, Indian Railways decided to terminate a contract awarded to Beijing National Railway Research & Design Institute of Signal & Communication Group citing poor progress, while the Rashtriya Swayamsevak Sangh and Swadeshi Jagran Manch urged the government to cancel STEC’s bid and award it to Indian companies. The Department of Telecommunication reportedly told Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Limited to not use Chinese equipment.
Denne historien er fra July 17, 2020-utgaven av Forbes India.
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Denne historien er fra July 17, 2020-utgaven av Forbes India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Home-Cooked Meal Is Now Greatly Valued
The pandemic has also brought with it an improved focus on hygiene, use of technology in dining, rise of cloud kitchens and resurgence in popularity of Indian ingredients
Paytm 3.0 - Reaching Near Breakeven In Two Years
As of 2020, Vijay Shekhar Sharma’s super app for financial services had run up losses in thousands of crores. Now, as digital payments gets yet another boost courtesy Covid-19, he’s hopeful of reaching near breakeven in two years
THE PANDEMIC HAS CAUSED WOMEN GREATER LABOUR PAIN
Covid-19 has shown that women are more likely to face the brunt of job losses than men, and find fewer opportunities when they want to resume. That apart, several have to deal with increased hours of unpaid work at home and even domestic abuse
LEADERSHIP WILL BE ABOUT SEEING THE BIGGER PICTURE
Leaders must not only guard their teams first during a crisis, but also deal with stakeholders with respect and dignity. And apart from pursuing business goals, they should remain committed to our planet and the environment
PHILANTHROPY SHOULD BE HUMBLE, BUT NOT MODEST
Apart from building a flexible and resilient framework for the future, philanthropists, civil society and the government must work in tandem so that every rupee is absorbed on the ground
INTEGRATED HEALTH CARE, TECH WILL DISRUPT SECTOR
While clinical research will get a boost, having a skilled workforce and public spending on health care will be challenges in the near term
DIGITALISATION WILL HELP IN VALUE CREATION
As the pandemic brings technology and innovation to the core of business and daily life, the next decade will see about 150 million digital-first families in India
Industry 4.0: Climate Revolution?
Augmenting sustainability alongside digital capabilities is an economic, competitive and global opportunity for India’s businesses, but regulations need to reflect intent
EV Dream Still Miles Away
Electric vehicles have remained a buzzword in India for years. But not much has moved on ground due to high upfront costs, range anxiety and charging infrastructure
Living Waters
A virus has caused us to scramble for oxygen but our chokehold on the environment is slowly strangling the very waters that breathe life into us. The virus is a timely reminder: We are merely consumers, not producers of life’s breath on this planet
