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Industry News
India NewsIndia security jitters rattle growing China tiesIndia's ban on imports of Chinese telecommunications equipment over spying fears underscores deep mistrust of its neighbour but is unlikely to derail cooperation between the world's two fastest growing economies.In a sign of how seriously India takes the matter, Prime Minister Manmohan Singh reprimanded his environment minister this week for accusing the interior ministry of being alarmist and paranoid about Chinese investments in India. Surging bilateral trade and shared interests on matters ranging from climate change to the role of emerging economies in global institutions mean the two rising giants do not want to let their frequent disputes jeopardise broader mutual interests.India's decision to bar Indian mobile phone operators from placing orders with China's Huawei Technologies and ZTE Corp because of security concerns, according to industry sources, threatens to blow a hole in recent warming ties and bilateral trade approaching USD 60 billion.
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