Narendra Modi Current Affairs - 2020

‘Project Mausam’ – India’s answer to China’s ‘Maritime Silk Road’

India will soon launch “Project Mausam”, a PM Narendra Modi government’s utmost noteworthy foreign policy project for answering China’s rising impact in the Indian Ocean region. After the astonishing triumph of China’s “Maritime Silk Road” scheme, India plans to soon takeoff its own Project Mausam, a transnational program aimed to restore its ancient maritime routes and cultural links with republics in the region.

Titled “Project Mausam”: Maritime Routes and Cultural Landscapes crossways the Indian Ocean, the project emphasizes on the natural wind phenomenon, particularly monsoon winds used by Indian sailors in ancient times for maritime trade, that has formed relations amongst nations and groups linked by the Indian Ocean. Project Mausam purposes to determine the versatile Indian Ocean “world” — expanding from East Africa, the Arabian Peninsula, the Indian subcontinent and Sri Lanka to the Southeast Asian archipelago.

Though India is also amongst the nations asked to join China’s maritime silk route plan, India has been worried by the curiosity displayed by Sri Lanka and Maldives in the Chinese offer, which supposedly looks to restore ancient economic links.

India government will try to pull on its ancient connections with nations in this region as it proposes an alternative, which could counter-balance the maritime silk route of China. India also faces the difficult job of matching China’s stress on building landmark infrastructure in the region, including ports in Sri Lanka and Pakistan. Whereas the facilities are held to be civilian, India doubts China obtaining operational control of these.

Dating to AD 500-1000, a sailors’ trading map to constructed on wind patterns, displaying India as the pivot

Natutal Wind Phenomenon

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Over next 5 years, China will invest nearly $100 billion in India

On September 17, 2014 i.e. PM Modi’s Birthday, the Chinese president Xi Jinping will land in Gujarat and will carry besides him $100 billion or Rs 6 lakh crore of investment promises over 5 years through his forthcoming India visit. This is approximately thrice the $35 billion locked by Prime Minister Narendra Modi during his recent Japan trip.

China will firstly invest $7 billion in industrial parks in Pune and Gandhinagar, which is just the tip of the iceberg as Chinese firms are eyeballing over $50 billion worth of investments in transformation of the Indian railways and running bullet and hi-speed trains in India. The Indian Railways has been granted approval for 100% FDI, and consequently it will come up with a wide-ranging plan for facilitating FDI in the sector. China is eager to invest additional $50 billion in roads, ports and the NDA government’s determined river-linking plan. The Chinese leader is coming with a delegation of over 100 business heads, involving those from China Harbour, China Railway Construction Group and Huawei, midst others, and will speak to a trade gathering of over 400 Indian CEOs in Delhi. The giant 4 Chinese banks (Bank of China, Industrial & Commercial Bank of China (ICBC), China Construction Bank and the Agriculture Bank of China) are also arriving with the delegation to give billions of dollars in advances to Indian infrastructure plans to be completed in joint venture with Chinese companies.

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