Indian economy will Strengthen After Exit Of Sanctioned Chinese Firms
Indian economy and India’s security both will greatly benefit as New Delhi plans to sanction several Chinese companies due to their Chinese military connections.
After the exit of Chinese Firms India will either develop an ideal indigenous replacement or import the item from other countries.
The China will not be permitted any more to attack our soldiers, try and grab our territory and at the same time do business with us. They may try such things with others but India will not have business as usual.
The Indian government has identified at least seven Chinese companies operating in India with direct or indirect links to the People’s Liberation Army (PLA) along with Chinese venture capital investments in India, including big names’ where the benefits of civilian innovation are suspected to be used for China’s defense sector, as reported by a Economic Times report.
They are Alibaba, Tencent, Huawei, Xindia Steel Ltd which is considered one of the largest joint ventures between China and India, Xinxing Cathay International Group which has set up a manufacturing facility in Chhattisgarh with an investment of Rs 1,000 crore ($11.4 billion), China Electronics Technology Group Corporation (CETC) and SAIC Motor Corporation Limited.
The move came after New Delhi banned 59 Chinese apps in the country.
These Chinese IT giants claim that they have been providing irreplaceable online finance services to India and making it more convenient for the Indian middle class to do business online. Now India has become fully aware of the intentions of these companies and its security implications. Hence has decided not to deal with them any more.
India in case required is ready to confront China militarily, and also take actions against Chinese economic entities operating within India. We do not intend to do business with the enemy any more.
Military-civilian integration is a Chinese way to indirectly penetrate the security apparatus of a client state through business and open commercial activities.
Xinxing Cathay makes military vehicles and clothes, and CETC is one of the largest providers of electronic systems, including radars, to the PLA. This Chinese companies’ business with the PLA has all the ingredients to threaten the national security of India.
Beijing has for the time being moved to ease the border tension created by the PLA but business as usual has ended unless the Indo Tibetan Border is fully settle and demarcated on ground.