Wednesday, July 29, 2015

Sri Lanka : on the Up!

Sri Lanka has always been a challenge for India. Historically, Politically & Ideologically!

It is said that in earlier times Sri Lanka,  Maldives etc were part of the Indian land mass. It was only a few thousand years ago that it broke away and became different land masses with their own languages.

This is seen in the similarities in culture, beliefs and the lifestyles. It is because of the troubled past, political militancy and extreme poverty that it has always ben challenging for Indian government to support the lankans; especially so, after the assassination of prime minister Rajiv Gandhi.

In my recent visit to Sri Lanka, I was surprised to find the super smooth highways, great tourist transport, good transport infrastructure, port development and Casinos running in the city. Also big real estate developments are taking place in Colombo at a hectic pace.  !

Funny thing is : 80 percent investment is Chinese.

The local guide couldn't stress more on the subject about how chinese investment has changed lives of scores of Lankans in past 3 years. They could never imagine such tourist traffic, neither the amount of work happening around them. In next 5 years, it wont be surprising to see Colombo rivalling Macau.

It is clear India lost a huge advantage in spite of the close proximity to Sri Lanka in the last decade.

However all is not lost yet, and the current government is working overtime to ensure this. The invitation of their new president to Narendra Modi's swearing in was a master stroke and change a lot of perceptions about India in lanka.

Also, it seems several projects since then have been taken up by Indian companies. Atleast China's growth has been curtailed in the country and going forward we can expect an equivalent position to China in our relationship with Sri Lanka.

But the Indian government has to move fast, very fast; if we want to steal the momentum from the Chinese as they are leaving no stone unturned to ensure India is unable to break into the space.

Sri Lanka, being the crown jewel in their "String of Pearls" strategy vis a vis India, Needs to be quickly turned around to the Indian side in order to break Chinese stranglehold over their infrastructure at the earliest.

Wednesday, July 22, 2015

Bengal : Completely Didi's

21st July is celebrated as Martyr's day by the current Rulers of Bengal. Ostensibly to commemorate the deaths of individuals against the forcible land grab by the earlier government.

This event has turned out today to be more a show of strength and a gauge of public mood than anything else.

While every year this event is considered  to be a landmark rally, this year was most special for Didi. This was the first year that the event was organised in the absence of Mukul Roy. This was also the first big event after the Saradha Scam took a toll on TMC in the recent past. This was also the event to gauge public mood before next years elections.

Didi and her supporters have reason to be pleased. This years rally passed the test on all counts by flying colours!

The attendance at the rally was huge by any standards. The mood was jubilant, People Happy.

This rally has also cemented another fact : Didi is here to stay.

Among all the dark clouds of gloom and doom predicted by some sections of  news media; This fact also has a silver lining. Any investor can be absolutely sure that TMC will be in power for next 10 years. Hence they will get all the support from the government in order to make their project successful.

But the before any such big ticket item happens, Didi has to handle the following issues :

1. Solve the Singur Tangle at any cost.

2. Go for the best Ease of business score in the country.

3. Ensure the Center( Read Modi) provides rightly timed support to Bengal. ( for this all kinds of support can be provided in the Rajya Sabha)

4. Utilise such support and own resources in developing infrastructure, tourism and healthcare.

5. Utilise the golden opportunity of the ports investment, 4 Nation Road treaty, Eastern freight corridor, Ganga Cleanup projects.

These will help in bringing much needed outside investor to Bengal and take it to the heights which is rightfully Bengal's.