* Guangdong Province - Problems loom for China in India's investment environment
-- India's prime minister, Narendra Modi, witnessed the signing of US$20 billion in cooperative agreements between Chinese and Indian enterprises in Shanghai on May 16, the last leg of his three-day tour of China, reports the Guangzhou-based Southern Weekly... New collaboration will not be without its hitches. "In India, you will encounter problems beyond your imagination," said Zou Yan, a Chinese engineer dispatched by a Chinese heavy-duty truck maker to India for two years... "Poor efficiency" is the common gripe shared by Zou and his non-Indian colleagues towards India. "It took as long as seven years for the Chinese truck maker to set up a car assembly plant in India, from finding investment to the official start of operation," Zou said. "India has a huge market, prompting almost all the major car and motorcycle brands to invest in the country. And if you don't invest in India, you can't get any share of the profit. What counts most is that India is taking the initiative to open its market to China," Zou said... India's undesirable bureaucratic rules mainly stem from its long-term implementation of a planned economy system... Chinese enterprises have their own problems in investing in India, in that they lack social responsibility for Indians, tend to remain on the down-low, and hardly localize their operations, according to an Indian editor at the South China Morning Post. Chinese investors get accustomed to dealing with the government sector, but fail to interact well with non-government organizations, local communities, and even the media in India, he added...
(Photo/CFP - Employees assemble door frames for a vehicle at a car plant in Greater Noida, India, July 2013) -- Guangzhou, Guangdong province, China - Want China Times - 27 May 2015
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