Apropos of the report “India to hold talks on fertilisers with Morocco at Africa summit”, economic diplomacy scores over political diplomacy in this era of globalisation.
Apropos of the report “India to hold talks on fertilisers with Morocco at Africa summit” (FE, October 28), economic diplomacy scores over political diplomacy in this era of globalisation. Morocco has evinced a keen interest in improving ties with India. India has invited all African nations at the third Indo-Africa Summit in New Delhi going beyond the recommendations of the African Union. With the slowing down of the Chinese economy, it is time for India to tap economic opportunities in Africa. African nations have become wary of ties with China, as these ties come with strings attached. Indian start-ups can train African youth. The Indian IT sector can exploit opportunities.India has enjoyed historical ties with Africa and the seeds of India’s freedom struggle were sown in South Africa when Mahatma Gandhi was thrown out of the first-class compartment of a train because of racial discrimination. India has been providing economic aid to African nations like Ethiopia, apart from industrial training to Sierra Leone (for solar lamps ). Mauritius was the first African nation (on Africa’s eastern seafront) which purchased an Indian-made warship recently. India can tap food opportunities as chapatis are also eaten in Africa. Some Indian companies have purchased agriculture land in Africa; thus, the continent can play a vital role in India’s food security. There is enormous potential for increasing Indo-African trade ties. It is time India realised this and tried to work on relationships with African nations to counter China’s influence there.
Deendayal M Lulla
A fairer royalty game
Apropos of the column “Suzuki’s is a fair royalty play” (FE, October 28), while Shobhana Subramanian points out that the Maruti scrip has returned great value to the investor over the years, it must be pointed out that this value could have been much greater had the royalty payments to Suzuki not been so high. It is not that Suzuki is plying technology that can’t be developed indigenously. In fact, the domestic additions to the design of Maruti’s car, one can be sure, have done more for Indian sales than a Suzuki engine. If it were upto Suzuki—and others who hold proprietary technology, that is truly the work of researchers and the not the company—ever-greening would have been admissible. Let the buyer of the “deserved royalty” argument beware.
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