Chinese Firms Face Political Obstacles of Working in India
A story by me related to construction- however it shows the ailing state of bureaucratic decision making. 07/02/2013 By Neelam Mathews Related Links: China and India Vie For Work in Surrounding Nations India Unveils Annual Budget to Skittish Infra Investors ----- Advertising ----- Chinese firms are eyeing construction projects in India for future revenue growth but already are beginning to see the constraints of doing business there. Long waits for visas, clearance issues and other factors stand in the way. Still, many industry experts expect the list of Sino-Indian projects to expand soon. Trade between the once warring neighbors exceeded $66 billion in 2012 and is expected to reach $100 billion by 2015, according to the Chinese Ministry of Commerce. Geopolitics also is playing a part as the two nations recently held talks on resolving border conflicts and discussing a road map to reach a dynamic balance in bilateral trade. India has a trade deficit ...