Karnataka – Sichuan Cooperation

Chief Minister Siddaramaiah of the State of Karnataka, India, inaugurated the 6th China-India Forum on 10 November 2017 in Bengaluru. The meeting was jointly hosted by the Government of Karnataka, the Chinese People’s Association for Friendship with Foreign Countries (CPAFFC), the China-India Friendship Association (CIFA), and Podar Enterprise. Semiconductor Alliance of China and Beijing Construction & Highway Development Group presented EoI letters to the Karnataka government. Forum slogan was “Innovation – Building Strong and Harmonious Future Together – Promoting Beautiful China & Wonderful India.”

Karnataka had signed a Sister-State-Province agreement with the Provincial Government of  Sichuan of the People’s Republic of China in May 2015, during the Forum of Leaders of the Regions of India and China in Beijing, and with participation of Indian Prime Minister Narendra Modi and Chinese Premier Li Keqiang. At the China-India Forum 2017, however, other provinces of China were also invited. Podar Enterprise signed a strategic cooperation MoU with Hebei Provincial Government. Podar Advisory and Consulting Enterprise signed tri-party MoU of cooperation with Baoding City Government and Hebei Information Investment Group. Fortune Plus, China, signed MoU for setting up electric vehicle hub with Imperator Autocorp Pvt Ltd. Podar Holding International Pte Ltd signed MoU for cooperation in education with Yingcai University in Jinan, Shandong province.

All Chinese Investors Welcome

Chief Minister Siddaramaiah invited Chinese investors, saying the state is ready to receive them with open arms and promised the speedy implementation of projects. “India’s exports to China touched USD 8.86 billion, whereas China’s exports were USD 61.54 billion. I urge investors from China to invest in Karnataka,” he said at the inauguration of the 6th India-China Forum here.  India-China bilateral trade also had reached USD 70.4 billion in 2015, he added. “We will do everything possible to enable seamless conduct of business, with total transparency and with the assurance that your projects will be speedily implemented,” he said.

Karnataka government will continue to actively engage with China and explore all possible avenues to make them its valued partners in building of a strong and prosperous state, Siddaramaiah said. “It is just the beginning of identifying synergies in  technologies which would strengthen and deepen the foundation  of a Future-oriented Partnership between India and China and  Karnataka and China, evolving business ties, particularly in  defence, energy, infrastructure, agriculture and food processing, Information Technology and environment, to name a few,” he said.

Siddaramaiah said Karnataka’s Industrial Policy for 2014-19 was manufacturing centric with a vision is to make the state an innovative and hi-tech manufacturing hub of India. He said India and China’s relations had undergone an evolution in recent years developing along a positive track, into a friendly partnership. “It has made great strides in recent years and has become truly multi-dimensional, spurred by a significant convergence  of interests, mutual goodwill and high-level exchanges,” he  added.

Sources: The Deccan Chronicle, The Hindu BusinessLine

Image source: NDTV

Karnataka and Sichuan are both G8x8 territories. The former is ranking fourth in GDP among Indian states, placing it at the 7×4 position. Sichuan ranks sixth among Chinese provinces to take the 2×6 field on the board. In 2016, Karnataka took a share of 7.4% of the India total GDP. Sichuan posted a GDP share of 4.2 percent of the China national total.

India Economic Freedom Index

The Public Affairs Centre is a non-profit NGO think tank of India. For the second year, they have now released their ranking of States of India in the Public Affairs Index on Governance of 2017. One of eleven themes they compared is economic freedom, which deals with the efforts made by each state to enhance economic growth. They took the number of filed industrial entrepreneurs memoranda, the World Bank ease of doing business index, and the value of MSMEs assets into account. As a result, the following eight states ranked on top:

  1. Gujarat
  2. Telangana
  3. Maharashtra
  4. Andhra Pradesh
  5. Rajasthan
  6. Madhya Pradesh
  7. Uttar Pradesh
  8. Tamil Nadu

Info and image source: Public Affairs Centre, Bangalore.

Six of these eight states are also members of the GDP based G8x8. Only Karnataka and Kerala, ranking 4th and 8th in GDP, are listed much lower in the Economic Freedom Index: 10th and 16th.

Andhra Pradesh Economic Development

The Economic Development Board (EDB) has to accelerate the inclusive economic growth of Andhra Pradesh. The board acts as a catalyst to facilitate economic growth, investment climate, reforms, and competitiveness in Andhra Pradesh.

The functions of the Economic Development Board include:

  • Strategic investment planning and promotion
  • Nodal point of contact for investments
  • Mobilisation of resources required for supplementing public and private investment
  • Facilitating inter-departmental coordination
  • Economic and policy research

For more information, check out http://apedb.gov.in/

Andhra Pradesh ranks 7th among India’s states, and is located at slot 7×7 of our G8x8.