Goh Chok Tong is wrong about India.
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He say that India will be like China oneday n grow in an economic giant.But frankly speaking,i dont think so.Becoz India is a very slacking n complicated country.Their official languages got 100+,their culture n their government administration is lack of efficiency.
I think what Lou Goh's thought is that he see some Indians in Singapore attain some achievement,thats why he thought that India will also become super economic power someday.But he is wrong,whether a country can attain economy achievement that will greatly depend on their culture,their living habbits n their administation efficiency.
Just like Japanese who live in U.S,they will become more easy-going n flexible than those live in Japan.Indians who live in our country n other part of the world was influence by different environment.Thats why they can attain great achievement.But that doesnt mean that India itself will also attain great economy achievement.
By the way,Lou Goh uses 14 years reign just to prove that India will become a economy giant,i mean dont he has anything better to do? -
My cousin invested in India and got s h it s back to singapore.Originally posted by drawer:He say that India will be like China oneday n grow in an economic giant.But frankly speaking,i dont think so.Becoz India is a very slacking n complicated country.Their official languages got 100+,their culture n their government administration is lack of efficiency.
I think what Lou Goh's thought is that he see some Indians in Singapore attain some achievement,thats why he thought that India will also become super economic power someday.But he is wrong,whether a country can attain economy achievement that will greatly depend on their culture,their living habbits n their administation efficiency.
Just like Japanese who live in U.S,they will become more easy-going n flexible than those live in Japan.Indians who live in our country n other part of the world was influence by different environment.Thats why they can attain great achievement.But that doesnt mean that India itself will also attain great economy achievement.
By the way,Lou Goh uses 14 years reign just to prove that India will become a economy giant,i mean dont he has anything better to do? -
what did he invested in?Originally posted by Lowclassman:My cousin invested in India and got s h it s back to singapore.
software companies?
1 failure does not mean the whole of india is lousy
there are many failures in China including our own gahment....but there are also many who have succeded there -
India is even more restricted in terms to doing business it's ranked 121 in the index of economic freedom compared to china's 111. Therefore there is more restrictions and higher taxes and less freedom to do business in india.
FROM THE 2006 INDEX OF ECONOMIC FREEDOM
According to the World Bank, India's weighted average tariff rate in 2004 was 28 percent, up from the 21 percent in 2001 reported in the 2005 Index, based on World Bank data. The U.S. Trade Representative reports that non-tariff barriers remain extensive, including a high level of confusing bureaucracy, onerous standards and certifications on many goods, discriminatory sanitary and phytosanitary measures, and a negative import list that bans or restricts imports. Based on the revised trade factor methodology, India's trade policy score is unchanged.
How can business flourishes in such a place where the government there have EXTENSIVE non- tariff trade barriers, HIGH LEVEL of confusing bureaucracy and BANS or RESTRICTS imports of raw materals that industries need. -
the parents of one of my Indian Singaporean friends invested in land and property in India .... they recently went over to check on their investments, and discovered that squatters had legally taken over their land, and the houses they bought now belong to someone else ....
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many many yrs back they rule...now is yankees turn
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You guys must not forget,
India has the backing of US and European countires.
Intel, Microsoft and many tech giants had invested
alot more in india than china.
They will help India rise in order to counter china.
China's current strength is manufacturing.
With the west tech companies investments
the engineers in India will have alot more latest technology
exposure than those in china.
Of cos, they have their own problems which will
work in the other direction.
I believe China is fast moving ahead, but india will
not be far behind. -
common lah, which developing country would simple allow foreigners to buy up their land? investing in land is not exactly that kind of investment that PM goh is talking about anyway.Originally posted by Fatum:the parents of one of my Indian Singaporean friends invested in land and property in India .... they recently went over to check on their investments, and discovered that squatters had legally taken over their land, and the houses they bought now belong to someone else .... -
For a country to move fast ahead, they must need a free market so anyone can start doing their business easily. For now only the big coperations can afford to spend lots of $$ to jump through the government hoops and restrictions so they can take advantage of the cheap labour there. Unless india's government do something to reduce the restrictions and create a freer market i don't see how just a handfull of tech coperations is going to enable india to move fast ahead
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You can't expect him to go to a country and say CMI, right?
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whether China, India, malaysia etc, most singaporeans are suffering from mental blockages due to our education and the society at large. Therefore, not really prepared and geared to doing business outside singapore.
very Few of us can think out of the box and only the ones that can, are successful. There are many Taiwanese business men doing very well in Africa, India, Papua etc, these people are taking very high risks going into environments where culture, language etc are challenges and yet they venture in mentally prepared and work very hard to make these businesses boom. Singaporeans instead come back with lots of excuses why their businesses had failed. -
Singaporeans only know how to invest in property lah..when comes to manufacturing, we always lost out to TW, KR and JP.Originally posted by claudetnt:whether China, India, malaysia etc, most singaporeans are suffering from mental blockages due to our education and the society at large. Therefore, not really prepared and geared to doing business outside singapore.
very Few of us can think out of the box and only the ones that can, are successful. There are many Taiwanese business men doing very well in Africa, India, Papua etc, these people are taking very high risks going into environments where culture, language etc are challenges and yet they venture in mentally prepared and work very hard to make these businesses boom. Singaporeans instead come back with lots of excuses why their businesses had failed. -
u all could be dead wrong about India, It has a very huge entertainemnt global business called Bollywood which contributes billions of dollars every year.
Their best minds are in 2 things: Entertainment business and Defence and technology.
In short industries where backed by influential people or Govt. So if u want to invest u should know where to look at. -
also 1 more is their cosmetics industry for women. heard its also big business over there. Another is spice market. because certain spices of high value only grow in India's climate.
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Poor thing......Thats why we should not listen to what our government said.Last time when China was not so advance n their economy structure was not so good,our government keep encourage ppl to go China n invest.In the end,many businessmen,including our government,"burn their hands" n lost alot of money there.Originally posted by Lowclassman:My cousin invested in India and got s h it s back to singapore.
Our PAP politicians only know how to talk,but forget to analyse the reality before they do something n anyhow teach ppl what things to do!!! -
Even if got U.S and European countries help so what?If a person cannot help himself,even other ppl want to help him also very difficult.India is exactly this type of country,they lack of efficiency and also,they are very anti-western culture n investment.Originally posted by NuLife:You guys must not forget,
India has the backing of US and European countires.
Intel, Microsoft and many tech giants had invested
alot more in india than china.
They will help India rise in order to counter china.
China's current strength is manufacturing.
With the west tech companies investments
the engineers in India will have alot more latest technology
exposure than those in china.
Of cos, they have their own problems which will
work in the other direction.
I believe China is fast moving ahead, but india will
not be far behind.
I remember not long ago,i think got a few years back.The American company,MacDonald or KFC(sry,i cant remember well
),was protested by the Indians n say they invaded their culture.In the end,the company ceased its operation in India n move out from it.This is a very good example to show the complexity in investing in India. -
Then what exactly is this "PM Goh" talking about.......I think we no need listen to what he or any PAP leaders say,they cant even take care of themselves or have the big heart to listen to our problem,how can they teach us anything?......By the way,the "PM Goh" u mention has already changed to "SM Goh" liao.He is no longer a PM n has no power anymore.(Hmm.....I wonder if he ever has any power in his politics career life!!!Originally posted by Gazelle:common lah, which developing country would simple allow foreigners to buy up their land? investing in land is not exactly that kind of investment that PM goh is talking about anyway. ) -
Actually Lee Kuan Yew also disagree with Lou Goh about his thinking of India.But becoz Lou Goh is still useful to the Lees family n it is still not the right time to throw "him" into the rubbish bin,Lou Lee pretended to agree with him.But this Lou Goh see Lou Lee agree with him only,he becomes so happy like a "little girl"........Oh my god.......
You guys know what i think,i think that as long as Lou Lee is still alive,this Lou Goh will continue to be controled n manipulated by Lou Lee.Becoz this Lou Goh is not a smart guy,other than "boot-licking" n occasionally make some crazy remarks,he basically knows nothing!!! -
Agree. And I don't think GCT is wrong about India.Originally posted by claudetnt:whether China, India, malaysia etc, most singaporeans are suffering from mental blockages due to our education and the society at large. Therefore, not really prepared and geared to doing business outside singapore.
very Few of us can think out of the box and only the ones that can, are successful. There are many Taiwanese business men doing very well in Africa, India, Papua etc, these people are taking very high risks going into environments where culture, language etc are challenges and yet they venture in mentally prepared and work very hard to make these businesses boom. Singaporeans instead come back with lots of excuses why their businesses had failed.
It is becoming more prosperous because it makes very strong progress in computer software and is the preferred country for outsourcing by many MNC. It is also a hugh market for pharmaceutical. -
while i agwee that india has distinctive advantages like good command of english it's progress may be hampered by political quagmire, much like the philippines. even if growth is spectacular, it does not always translate into good investment opportunities. in all likelihood it might end up a bigger black hole than suzhou. if singaporeans cannot help being eaten up by the chinese, i wonder how much better they would fare against the crafty indians?
friend of mine was working for this joint venture between an ang moh and an indian firm. the ang moh firm provided the money while the indian firm provided the manpower (from india of course). the project kept dragging and dragging so the ang moh firm had to keep pumping in money. finally towards the end of the project, the indian firm decided to terminate the project and so they split up. since the project wasn't officially completed, there was no product to speak of so the ang moh firm got nothing back. the indian firm simply took back all its programmers and continued on from there to finish the product and keep everything to itself ...
better look twice before jumping in ... -
Yup,better be cautious when doing business,especially when the business u are doing is across to other countries.Afterall,we are not as rich as Temasek Holdings or PSA or Singtel who money are "rob" from we civilians.And they can venture n afford to lose money n need not have to answer to the parliament!!!Why?Becoz the loser PAP are controling the government!!!!Originally posted by snow leopard:while i agwee that india has distinctive advantages like good command of english it's progress may be hampered by political quagmire, much like the philippines. even if growth is spectacular, it does not always translate into good investment opportunities. in all likelihood it might end up a bigger black hole than suzhou. if singaporeans cannot help being eaten up by the chinese, i wonder how much better they would fare against the crafty indians?
friend of mine was working for this joint venture between an ang moh and an indian firm. the ang moh firm provided the money while the indian firm provided the manpower (from india of course). the project kept dragging and dragging so the ang moh firm had to keep pumping in money. finally towards the end of the project, the indian firm decided to terminate the project and so they split up. since the project wasn't officially completed, there was no product to speak of so the ang moh firm got nothing back. the indian firm simply took back all its programmers and continued on from there to finish the product and keep everything to itself ...
better look twice before jumping in ... -
One thing says it all lar,if u now ask Goh Chok Tong,Lee Kuan Yew,or Lee Hsien Loong take out their personal savings n go n invest in India or China or any other countries,u see they will be so "daring" or not!!!......They only know how to talk big man.
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drawer:
"One thing says it all lar,if u now ask Goh Chok Tong,Lee Kuan Yew,or Lee Hsien Loong take out their personal savings n go n invest in India or China or any other countries,u see they will be so "daring" or not!!!......They only know how to talk big man."
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They are politicians their business is to talk, its only fools that follow them blindly! -
I think the reason is local already used to the comfortable life in here. People inOriginally posted by claudetnt:whether China, India, malaysia etc, most singaporeans are suffering from mental blockages due to our education and the society at large. Therefore, not really prepared and geared to doing business outside singapore.
very Few of us can think out of the box and only the ones that can, are successful. There are many Taiwanese business men doing very well in Africa, India, Papua etc, these people are taking very high risks going into environments where culture, language etc are challenges and yet they venture in mentally prepared and work very hard to make these businesses boom. Singaporeans instead come back with lots of excuses why their businesses had failed.
Hong Kong have a bigger courage to face risk. U seen them in Canada. -
India is a very huge country with a very very large population growing very rapidly. India has a very strong tradition in empahizing in education and industrialization. Despite the fact the India has been opening up for the foreign investment, the conservative protectionism & nationalism mindset has taken deep roots in majority of the indian elites.
It is weel known fact in India that the Indian gov had been taking pride in providing a relatively stable economical growth of 2-3% from her independence til today. The indian population are well insulated in the pasdt global finance crisis. Thus, it would be a labourous task to change the mindset of the Indian elites on unlock the potential of the Indian market to foreigners.
India will continue to grow and develope at her own steady pace. The Indian politics are dominated by nationalism. It would be the best interest for the Indian gov to selectively opening up her market, and tap the international resources (human, knowledge, money & opporunities) to develope her weak economic sectors. But in forseeable futures, India, like many developing nation, are quite reluctant to hand-on the preciously guarded agriculture market priced by many analyst. Just imagine the prize ripped from the agriculture market from India....