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Thursday, May 9, 2013

China and India's rivalry extends


China and India's rivalry extends to the Arctic

 FILE - In this July 5, 2006 file photo, Indian army Capt. Nitesh Sharma, left, poses with Chinese civilian Chen Xiao, second left, and a Chinese soldier, third right, on the international border at the Nathu La Pass, in northeastern Indian state of Sikkim. While the recent troop standoff in a remote Himalayan desert spotlights a long-running border dispute between China and India, the two emerging giants are engaged in a rivalry for global influence that spreads much farther afield. (AP Photo/Gurinder Osan, File)<br />
GURINDER OSAN
FILE - In this July 5, 2006 file photo, Indian army Capt. Nitesh Sharma, left, poses with Chinese civilian Chen Xiao, second left, and a Chinese soldier, third right, on the international border at the Nathu La Pass, in northeastern Indian state of Sikkim. While the recent troop standoff in a remote Himalayan desert spotlights a long-running border dispute between China and India, the two emerging giants are engaged in a rivalry for global influence that spreads much farther afield. (AP Photo/Gurinder Osan, File)
 FILE - In this July 5, 2006 file photo, Indian army Capt. Nitesh Sharma, left, poses with Chinese civilian Chen Xiao, second left, and a Chinese soldier, third right, on the international border at the Nathu La Pass, in northeastern Indian state of Sikkim. While the recent troop standoff in a remote Himalayan desert spotlights a long-running border dispute between China and India, the two emerging giants are engaged in a rivalry for global influence that spreads much farther afield. (AP Photo/Gurinder Osan, File)<br /> 
BEIJING - While the recent troop standoff in a remote Himalayan desert spotlights a long-running border dispute between China and India, the two emerging giants are engaged in a rivalry for global influence that spreads much farther afield.
From Africa to the Arctic, the world's two most populous countries are bumping up against each other in their search for resources and new markets. Their rivalry is spilling over into global diplomacy and international institutions where Beijing and Delhi have elbow-jabbed over development loans and a seat for India on the U.N. Security Council.
It is visible in the building of infrastructure in nations like Ghana, which is rich in gold, cocoa and timber and is a new oil producer. Ghana's government moved into a presidential palace financed by India in February. A month later, China handed over a new foreign ministry building.
An outright clash between the two remains unlikely. But bickering on the global stage could make bodies such as the World Bank and the United Nations less efficient, and send ripples through institutions that are increasingly important in guiding global trade, commerce and diplomacy and influence policies that affect people around the world.
"They have their tentacles throughout this global infrastructure," said Ashwin Kaja, an American lawyer leading an initiative to establish a China-India institute at Beijing's Renmin University and Jindal University in Sonipat, India. "If they start fighting, the threat becomes bigger and bigger as their influence grows. They are one third of humanity; it's not a small figure. They are not just countries."
Though the two nations once celebrated a shared vision as leaders of developing nations in the 1950s, that amity was shredded by a 1962 border war that still clouds relations. The recent crisis began April 15 when about 50 Chinese soldiers pitched tents on territory that both countries claim and set off finger-pointing about territorial grabs.
On Monday, Beijing and New Delhi announced an end to the three-week standoff, agreeing for troops on both sides to pull back before the fracas threatened several high-level meetings.
The two governments are publicly trying to put the best face on relations, accentuating the positive benefits of trade and diplomatic cooperation. The Indian foreign minister travels to Beijing on Thursday to prepare for a visit to Delhi later this month by Li Keqiang, his first overseas trip since becoming Chinese premier in March.
Neither country wants to threaten booming business ties. China became India's biggest trading partner in 2011 when two-way trade hit nearly $75 billion, up from $5 billion in 2002. It declined slightly last year because of the global economic downturn, and it is also heavily skewed in China's favor. Next month, China will host its first South Asian trade expo, designed to lure companies from India and elsewhere in the region.
But distrust runs high. China is a longtime ally and weapons supplier to Pakistan, India's bitter rival, and has been building strong ties with Nepal, Bangladesh and Sri Lanka, feeding Indian fears of encirclement. China is wary of India's growing ties with the United States.
Chinese dam-building on the upper reaches of the Brahmaputra River has raised fears in India that Beijing might one day reduce or turn off critical water supplies. A dispute over territorial claims in Arunachal Pradesh led to Beijing in 2009 trying to block part of a loan to India from the Asian Development Bank earmarked for a flood control project there.
China was upset in 2011 when India's state oil company, Oil and Natural Gas Corp., accepted an invitation from Vietnam to explore for oil and gas in the disputed South China Sea, bringing New Delhi into a festering territorial spat on China's doorstep.
"You can never avoid flash points," Kaja said. "The U.S. and China have lots of flash points but the difference I think is that between the U.S. and China, there is a lot more dialogue ... and those are the kinds of channels that need to be created."
Their competition extends far beyond their immediate neighborhoods.
Both are pushing to gain a foothold in the Arctic, where melting ice is opening passages for shipping and could create a boom in the extraction of fossil fuels and minerals. Both China and India, along with other Asian nations and the European Union, have applied for observer status at the obscure Arctic Council.
"Neither China or India have any basis to claim to be Arctic nations, but because of the rush for minerals and resources there is a fear that we will be left behind if we don't also stake our claims in these distant parts," said Sreeram Chaulia, dean of Jindal's School of International Affairs.
Both countries are building up their navies to project influence, and the Chinese presence in the Indian Ocean is expected to grow. David Shinn, a former U.S. ambassador in Africa, expects China's navy to make more frequent visits to port cities across the Indian Ocean , in South Asia, the southern Middle East and on the east coast of Africa , within the next 10 years and to expand its reach to North African ports on the Mediterranean Sea.
"India will be concerned by a growing Chinese naval presence in the western Indian Ocean, which it has always considered its preserve. It has tolerated a significant U.S. presence there, but it has never considered the U.S. an enemy," said Shinn, who now teaches international affairs at George Washington University.
This more permanent Chinese presence "will push India to ensure good military, particularly naval relations, with all the countries in the western Indian Ocean and along the east African coast," he said.
In the recent border standoff, neither side engaged in much more than posturing.
"They were just staring at each other. So I guess that in a way is a metaphor for the relationship," Chaulia said. "There is no way that India and China can be comrades or brothers and sisters. I don't think we can be that rosy-eyed. But certainly we can manage the problems."
LOUISE WATT The Associated Press

Read more at http://www.philly.com/philly/news/nation_world/20130508_ap_chinaandindiasrivalryextendstothearctic.html#IxMaEUdFYWYl5Kjz.99

Sunday, May 5, 2013

Gati Infra commissions Chuzachen hydroelectric project


Gati Infra commissions Chuzachen hydroelectric project



Gati Infrastructure, a subsidiary of Amrit Jal Ventures (AJVL) commissioned its Chuzachen hydroelectric project in East Sikkim district of Sikkim.
Gati Infra commissioned 110 MW hydro electric power plant located over Rangpo river and Rongli river in the state. It has also started production and selling of the power. The IPP (Independent Power Project) plant is directly connected to the Central Transmission Utility through a 24 km dedicated transmission line and will be able to deliver power across the country. Sikkim Power Development Corporation is the promoter of the project.
As a part, Sikkim Government had appointed Gati Infra to implement three hydel power projects viz, Chuzachen hydroelectric project, Bhasmey hydro electric project and Sada Mangdar project on BOOT basis in the state. Of this, it has commissioned the first 110 MW Chuzachen project. Another 54 MW Bhasmey hydro electric project is under construction. The project spread over 39.62 ha at Rangpo River in East Sikkim district is estimated to cost Rs 408.49. The Sada Mangdar project will be 71 MW capacity.

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Gati inches up as Gati Infrastructure commissions hydro power project in Sikkim



Gati Infrastructure (GIL) is a subsidiary of Amrit Jal Ventures (AJVL) promoted by Mr. Mahendra Agarwal, Founder and CEO of Gati. GIL had entered into an agreement with the state government of Sikkim to implement three hydro power projects on a build, operate, own and transfer (BOOT) basis. The first project viz. 110 megawatts (MW) Chuzachen Hydro Project has been commissioned and started producing and selling power, Gati said in a statement. This is the first IPP (independent power project) in hydroelectric power sector in Sikkim and the seven sisters of North East, the company said. The plant is directly connected to the Central Transmission Utility (National Grid) through a 24 KM dedicated transmission line and will be able to deliver power across the country, Gati said in a statement.
AJVL is implementing two more hydro electric power projects in Sikkim, a 54 MW Bhasmey hydro electric project (under construction) and 71 MW Sada Mangder project.
Commenting on the commissioning of the project, Mr. Mahendra Agarwal, Founder and CEO, Gati said, "The commissioning of the hydro power project is a big milestone in the history of the Gati Group. Being a logistics expert, our success into the power sector - a completely diverse industry, is a huge achievement. It was not easy at all. Team work and dedication has helped us surpass all odds right from the technical glitches to finances. It's a momentous occasion for all of us at Gati and we hope to continue to build trust and value for our shareholders".
GIL is a power generation group promoted by Mr. Mahendra Agarwal, Founder & CEO of Gati. GIL is one of the pioneers in the private sector power generation being the third group in the country to successfully commission a hydro power project.
Gati's consolidated net profit galloped 391.3% to Rs 5.06 crore on 2% growth in net sales to Rs 326.89 crore in Q2 December 2012 over Q2 December 2011.
Gati is one of the leading logistics companies in India. It is a pioneer and leader in express distribution and supply chain solutions. 

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Gati Infrastructure Ltd commissions 110 MW Hydro Electric Power Project in Sikkim
Gati Infrastructure Limited had entered into an agreement with the State Government of Sikkim to implement 3 hydro power projects on a Build, Operate, Own and Transfer basis (BOOT). The first project - 110MW Chuzachen Hydro Project on Rangpo and Rongli rivers has been commissioned and started producing and selling power.

This is the first IPP (Independent Power Project) in hydroelectric power sector in the State of Sikkim and the 7 sisters of North East. The plant is directly connected to the Central Transmission Utility (National Grid) through a 24 km dedicated transmission line and will be able to deliver power across the country.

Shares of Gati Ltd was last trading in BSE at Rs.29.40, up by Rs.0.75 or 2.62%. The stock hit an intraday high of Rs.29.95 and low of Rs.29.

The total traded quantity was 0.56 lakhs compared to 2 week average of 0.40 lakhs.
Source: Equity Bulls

Bal Vihar Classes being taken at Gangtok by Swami Chaitanyanandaji, Acharya, Chinmaya Mission-Kolkata


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