ewiittin

Two energy pipeline projects, worth nearly $2. The Malaysian economy needs reconstruction and the biggest worry for the trading country is finding jobs for teeming millions.Lack of a strong political will and huge gap between promise and project completion remains India China Brass Ball Valves Series Suppliers biggest challengeIn a major setback to Chinese President Xi Jinping’s ambitious One Belt One Road  project, the Malaysian Prime Minister Mahathir Mohamad has signalled a major shift in the way his country wishes to do business with Beijing. In fact, Malaysia even quoted Sri Lanka’s example.Here is an opportunity for New Delhi to engage with these countries and make up for lost time.

At this rate, it may take another three decades to reach where China is today. The former Malaysian PM is undergoing investigation for allegedly “selling off” the country to China in exchange for help in settling debts linked to the $700-million 1MDB ­scandal. Little wonder that Mahathir, while cancelling the two multi-billion dollar contracts said, “When it involves giving contracts to China, borrowing huge sums of money from China, and the contract goes to China, and China contractors prefer to use their own workers from China, use everything imported from China, even the payment is not made here, it’s made in China  that kind of contract is not something that I welcome”.

All these deals were inked with China under the previous Najib Razak government.Malaysia is not the only one.We are still lamenting “the low share of goods and services exports” and lack of improvement in skills and human capital, as admitted by Niti Aayog vice chairman Rajiv Kumar.China combined its OBOR projects with “Africa Outreach” policy following Xi Jinping’s 2015 strategy of ushering in a “new era of win-win cooperation”, fully backed with a commitment of $60 billion investment in infrastructure projects.The stalled 688-km three-phase rail project, connecting Klang Valley, Kuantan, Kuala Terengganu.

Kota Bharu and Tumpat in Kelantan, was to link important ports on the east coast to the western port near Malacca.Many African and Southeast Asian countries are uncomfortable about Beijing and increasingly looking to New Delhi for support and economic engagement without strings attached or any fear of their sovereignty being trampled upon.Malaysia has deferred the $20 billion  Please subscribehere.The author is former editor of ‘ per cent of the loans were provided by the Export-Import Bank of  But Taiwan has vowed to fight From taking over copper, uranium and gold mines to constructing Chairman Mao Zedong High School in Otjomuise, a suburb of the Namibian capital Windhoek Islands companies involved in money laundering. Some of the finest multi-lateral institutions such as BIMSTEC and IORA were India-centric and depended on major contribution from New Delhi. But India is not able to benefit from this new wave of disenchantment because of its own inadequacies in implementing mega projects.