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Nepal moves closer in economic ties to China, pulls away from India
来源： 编辑：编辑部 发布：2018/03/01 14:55:22
NEPAL's leader has promised to revive the Chinese dam project as the nations seek to develop stronger ties, making traditional economic partner India jittery.
When Indian Prime Minister Narendra Modi made his a trip to Nepal in 2014, he criticised the previous government for not delivering on the promises made to Nepal. He and his Nepali counterpart jointly unveiled a plaque of the police academy in Kathmandu to flag off the project amid much fanfare. Then it went back right back into the freezer, and the joke was back on.
The academy is among the long list of India's unkept promises and poor project track record in Nepal, such as the India-funded road projects in southern Nepal or the high-profile hydropower project on the Mahakali River.
"This is how India has destroyed its own credibility in Nepal," political commentator Yubaraj Ghimire was quoted as saying in a report by the South China Morning Post.
Nepal seeks a hedge in China to counterbalance India's traditional dominance. Beijing, itself looking to tighten its toehold in a strategically important country bordering Tibet as its own relations with New Delhi spiral downwards, is equally happy to step in.
Hydropower to cement, Chinese businesses are already all around this South Asian country. At US$79.26 million, China accounts for 60 per cent of foreign direct investment (FDI) commitments received by Nepal in the first half of the current fiscal year beginning mid-July 2017.
India is a distant second with $36.63 million, followed by the US and Japan. All this makes India jittery. As China closes in, it severely restricts the clout it once enjoyed in the small countries in the neighbourhood. Nepal is of particular importance as it provides a critical buffer with China.
When Indian Prime Minister Narendra Modi made his a trip to Nepal in 2014, he criticised the previous government for not delivering on the promises made to Nepal. He and his Nepali counterpart jointly unveiled a plaque of the police academy in Kathmandu to flag off the project amid much fanfare. Then it went back right back into the freezer, and the joke was back on.
The academy is among the long list of India's unkept promises and poor project track record in Nepal, such as the India-funded road projects in southern Nepal or the high-profile hydropower project on the Mahakali River.
"This is how India has destroyed its own credibility in Nepal," political commentator Yubaraj Ghimire was quoted as saying in a report by the South China Morning Post.
Nepal seeks a hedge in China to counterbalance India's traditional dominance. Beijing, itself looking to tighten its toehold in a strategically important country bordering Tibet as its own relations with New Delhi spiral downwards, is equally happy to step in.
Hydropower to cement, Chinese businesses are already all around this South Asian country. At US$79.26 million, China accounts for 60 per cent of foreign direct investment (FDI) commitments received by Nepal in the first half of the current fiscal year beginning mid-July 2017.
India is a distant second with $36.63 million, followed by the US and Japan. All this makes India jittery. As China closes in, it severely restricts the clout it once enjoyed in the small countries in the neighbourhood. Nepal is of particular importance as it provides a critical buffer with China.