In recent years, India's economic development has accelerated, attracting high global attention. According to the Economic Reference News, in order to boost the domestic economy, India launched an infrastructure construction plan of 100 trillion rupees (about 1.35 trillion US dollars) in 2021. But what India did not expect was that after a year, half of India's "big infrastructure" project has been forced to be delayed. India originally planned to use the infrastructure project to attract more companies to stay in India or come to India to invest and build factories, but the actual situation is that many Chinese construction companies have evacuated India one after another. Because India's business environment is daunting, various additional costs have affected the outside world's confidence in the Indian market.
According to the previous Indian plan, New Delhi hopes to enhance India's market competitiveness through this large infrastructure plan with a total value of US$1.2 trillion. While promoting infrastructure construction, developing India's science and technology industry will achieve simultaneous development of infrastructure and high-tech industries, thereby enhancing India's ability to compete with China and attracting more international companies to invest and set up factories in India. This will not only solve India's low employment rate problem, but also make India a new "world factory." India's ideas are obviously very clear, which is actually a necessary path for any economic power in the development process. As a global infrastructure maniac, Chinese companies have become India's key introduction target.
But the idea is very beautiful, and it is very difficult to implement it in practice. Public information shows that due to various reasons such as funding and coordination, half of the construction projects in India's infrastructure projects have been suspended or delayed, and one-quarter of the projects exceeded the budget during actual construction, and some projects were seriously overspent. These situations have caused great pressure from the Indian local governments. In the end, the extra costs were still paid to the imported foreign-invested enterprises, which has discouraged many foreign-invested enterprises that originally planned to set up factories in the local area, and even American companies including Ford left India one after another.
According to the arrangements of India, in order to promote the implementation of this "big infrastructure" plan, India has established an Indian electronic platform with 16 departments participating. Through this platform, investors and enterprises at home and abroad can directly complete the design of the investment project and then submit it for approval. The simplified process can make it easier for investors and enterprises to calculate costs and reduce the negative impact of some intermediate links on corporate investment enthusiasm. More importantly, the Indian government hopes to use the platform to better supervise various corporate investments and related projects, and also supervise whether the work of relevant departments is in place and whether there are any hidden operations. However, companies including Xiaomi , Huawei , OPPO are still being cursed by local Indians. Even many Chinese construction companies left without revealing the tragedy they suffered in India.
Original plan, India can use the platform to ensure that workers will not dig new roads to pave telephone lines or gas pipelines, that is, avoid conflicts between new projects, leading to unnecessary disputes, and increase project transparency. Unfortunately, ideals are beautiful, reality is cruel. According to the Transportation Infrastructure Superpower Portal, 40% of the projects are being delayed due to problems related to land acquisition, forest and environmental impact assessment licensing. At least 422 projects have some problems, and the problem of only 200 projects is expected to be solved.
Previously, in order to maintain the Indian domestic mobile phone brand, India once carried out actions such as a surprise tax check in the middle of the night, and issued a major ticket to Xiaomi. This shows that although India wants to attract foreign investment, it still wants to crack down on foreign-funded enterprises in actual actions. This practice of fishing out of the water has actually brought India into a vicious cycle and has also severely hit the confidence of foreign companies in India.
