India, China developing relationship of substance: Indian ambassador (2)

15:10, December 13, 2010      

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China had capabilities in power generation, telecommunications, construction and transport that India could leverage to address its infrastructure deficit, while India could be a significant partner of China in information technology and pharmaceuticals, he said.

"When you consider that India could be spending as much as a trillion dollars over the next five years on infrastructure, just imagine what heights our relationship can reach," he said.

"I have no doubt that the growth we have seen in trade so far is only the beginning," he said.

India needed more balanced market access so that large imbalances did not become a problem for the relationship, he added.

Jaishankar said India had organized a succession of cultural events in 35 Chinese cities this year to mark the 60th anniversary of the establishment of China-India diplomatic relations.

"Events like the Shanghai Expo or the Guangzhou Asian Games provided great opportunities to project our culture," he said. "We need to do more, particularly in tourism and education."

With regard to problems in Sino-Indian relations, he said most of the issues were historic, and in other cases, "the old mindset still prevails."

"The question really boils down to whether one recognizes the reality of growing inter-dependence in the contemporary world," he said, adding the risks of not getting along were very high.

He said that so long as world views were dominated by the balance of power and national competition, issues in the relationship would get more prominence than they probably deserved.

India and China had cooperated closely in the BRIC (Brazil, Russian, India, China) and G20 forums, which were good examples of the convergence of interest between the two countries.

"BRIC and G20 are signs of a changing world. For countries like India and China, they offer a forum to influence and in some cases remedy the nature of global decision-making," he said.
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