India - China: Relations And Developments

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And, the Indian commies deliver to their masters!

<!--QuoteBegin-->QUOTE<!--QuoteEBegin--><b>Two Telecom Vendors Clinch Indian Deals</b>
http://www.tmcnet.com/usubmit/2006/12/01/2130667.htm

(Comtex Business Via Thomson Dialog NewsEdge) NEW DELHI, Dec 01, 2006 (SinoCast China IT Watch via COMTEX) --Two telecom equipment producers have entered agreement upon their cooperation with India's MCorpGlobal, according to the announcement on the web site of the Indian company.

<b>The Chinese companies will finally march into India's telecom equipment sector through a strategic alliance when finding a direct entry into the sector difficult.</b> The good news came out during Chinese chairman Hu Jintao's four-day visit to the country.

Local media in India reported that Hou Weigui, president of China's ZTE Corp., and B. K. Modi, MCorpGlobal's chairman, inked an agreement on November 21 to set up a joint venture in India.

Previously, ZTE, the second telecom equipment supplier in China's mainland, applied to increase the stake it holds in its Indian branch, but was refused by the Indian government. <b>It was also declined to make inroads into the nation's telecom equipment sector.</b>

The new venture will bring new hope to ZTE, and it will mainly import telecom facilities from the Chinese vendor. Both sides plan to build a research and development base as well as a works in India. The base will research and develop switches and wireless devices mainly tailored for India and Southeast Asia.
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