Due to the Corona crisis and mutual aid, what was previously said slowly in the circle of diplomatic and global business is now being said openly. Japan has announced an economic package for its companies covering business from China three days ago. US politicians and MPs who are embroiled in a big fight against Kovid-19 are threatening that now their dependence on China will have to be reduced. In such a situation, there seems to be a golden opportunity for India to be established as an alternative to China. In the General Budget 2020-21, the Finance Minister has already expressed the intention that India will end its dependence on China for all its everyday product needs. Looking at the exercises going on in this world, the Government of India is also preparing for major changes in its policies.
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It will be a priority to invite the countries making trade distance with China to invest and create a favourable environment for them. In such a situation, the telephone conversation between Indian PM Narendra Modi and Japan's PM AB Shinzo on Friday has its own significance. According to the Foreign Ministry, in addition to the shared cooperation between the two leaders against Kovid-19, issues of shared economic cooperation in the post-pandemic environment were also discussed. Both countries have already reached an agreement to give one lakh trained workers to Japan. It is worth mentioning that earlier this week, the AB government has given a fund of $ 200 million, or about 15,000 crore rupees, to the Japanese companies working in China to start production in Japan by covering their bags.
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Apart from this, Japan has proposed $ 21.5 million help to those Japanese companies on production going to any other country outside China. According to the US India Strategic and Partnership Forum (USISPF), at the peak of the trade war between the US-China, 200 US companies producing in China have already expressed their willingness to invest in India. Now, with China being responsible for the origin of the coronavirus, these companies can show even more haste to invest in India. Vinod Sharma, chairman of the National ICTE Committee of CII, says that there is definitely a big opportunity for India to bring investment because the world is blowing against China. Success in bringing Japanese and American companies like electronics, mobiles can also be found because recently the government has announced a package of more than Rs 30,000 crore for investment in these sectors. But this can be possible only when both the Center and the state government work together because just showing the readiness from the Center is not going to make the work.
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