After bidding farewell to Hu Yiming, Han Hao boarded a private plane to India.

The premier's visit to India brought a delegation of up to 400 business people, which is actually a manifestation of China's capital export.

The prime minister can take his own special plane, but business people have to pay their own wallets to find a way to get to India, in contrast, Han Hao has his own private jet is much more comfortable.

Although China and India have had conflicts over border issues, they are both the two most populous countries in the world and are neighbors with borders, and cooperation is more in line with the fundamental interests of the two peoples than confrontation.

Seeing the rapid economic development of its neighbor China and its great strides to catch up with the developed countries of the West has made India, which is often compared to China, deeply anxious.

The reformists represented by Modi called on India to follow China's lead, actively participate in the international division of labor and cooperation, and attract foreign investment in the country, so as to promote India's domestic economic development.

India's new Prime Minister Manmohan Singh also came to power in the name of economic reform, and as a representative of the Congress Party, he belongs to a different political camp from Modi, the political star of the opposition BJP.

However, on the major policy of economic reform and the development of the domestic economy, the two men have the same view.

As a result, Singh happily agreed to join the Chinese premier at the opening ceremony of Tata China, the largest Sino-Indian cooperation project, which is located within Modi's political turf.

To develop the economy, infrastructure such as water, electricity, and transportation must keep up.

As a country with a constant shortage of electricity, India will receive assistance from China in power technology this time, and the two sides intend to reach a multibillion-dollar power cooperation agreement.

But before that, Zhonghua Group, with a direct investment of up to 500 million US dollars, was the largest Chinese company in India. This is also a rare large-scale investment by international capital in India, after all, China is the holy place favored by capital all over the world, because the return on investment in China is amazing.

To develop industry in backward regions, you need the power of capital, and without money in hard currency you cannot buy resources and equipment internationally.

For example, in the early days of China's reform and opening up, we had to use our scarce foreign exchange reserves to buy all kinds of imported equipment for heavy industry, and Baosteel alone could empty our foreign exchange. If you take RMB to the international market, the seller will not recognize this currency, as long as the US dollar is a hard currency. To put it bluntly, the renminbi does not have the endorsement of national strength and cannot become an international equivalent exchange.

There is no money to buy large-scale heavy industrial equipment in the world, and it is impossible to manufacture it by itself, so Wangshan sighs that it is just a dream to develop industry.

This is why China has been promoting investment promotion, in addition to undertaking international industrial transfer, but also to attract foreign capital to settle down and invest, and continue to invest global dollars in China's industrialization construction. To become the world's factory, foreign investors invested $1 and earned $10, but China also rapidly developed its economy by attracting investment, solving employment and completing industrialization. Carefully calculated, foreign businessmen earned, but Chinese earned more.

Despite its vast territory and vast human resources, India is unable to develop on its own capital, and it is understandable why India is so eager for international capital to invest.

There is a small paradox to illustrate, that is, China itself needs capital investment, so why should it allow the China Group to invest abroad? Why not keep this money in China to continue to develop, so that one entry and one exit is a hole of 1 billion US dollars.

You must know that although China's foreign trade continues to earn foreign exchange, the implementation of foreign exchange control in China, and the investment amount of 500 million US dollars can only be outflowed through the nod of the central leaders in charge.

"First, the domestic auto market is relatively saturated, and it is normal for you to invest in India. Second, the Zhonghua Group has done a good job in recent years, and the country has more confidence in your strategy of going out, and the annual increase in foreign exchange exceeds 200 billion yuan, so it has the confidence to release some of the water outflow. The third is to test the waters overseas on behalf of Chinese capital to see if it can summarize relevant experience and promote it. Fourth, it is to maintain the state-to-state relations between China and India, and the more successful you are in India, the better your country's image will be promoted. ”

When talking to Hu Yiming that day, he clearly stated the reason why Zhonghua Group was given the green light to invest in India.

China needs capital inflows, but with the development of the economy, the growth of Chinese capital will also have an internal driving force for external expansion, after all, to become a global company means that capital goes abroad. Lenovo's acquisition of IBM's personal computer business, TCL's acquisition of Alcatel's mobile phone business in Europe, and Zhonghua Group's large-scale investment in India's export of motorcycles and automobiles are all manifestations of China's capital expansion.

In the past, U.S. business delegations have always followed the president on trips to export U.S. capital to any country where it could reap handsome returns. Now, more and more Chinese entrepreneurs are accompanying the heads of state on foreign visits, and Chinese capital is beginning to show its prominence on a global scale.

However, unlike Western countries, which are all private capital investment, in China it is often state-owned capital that makes a big show, just like this time the State Grid Corporation of China and the Three Gorges Corporation intend to reach a multi-billion dollar power cooperation agreement with India. The Chinese have rich experience in the construction of hydropower dams and long-distance transmission networks, but they have rich experience for the Indian side's reference.

China's construction of the Three Gorges Dam, the world's largest hydropower project, and the initial commissioning of the West-East Power Transmission Project, are enough to prove the strength of Chinese in the field of hydropower.

It should be emphasized that the agreement of intent is only an intention, and sometimes it is affected by changes in international relations, and the final implementation of the contract of 10 billion yuan may only be in single digits.

Investing in a developing country with a huge market and great potential is the wisest choice for all capital.

It is said that Japan intends to compete with China in the field of hydropower, and has come up with large low-interest loans to support the bidding of its own enterprises. In India, the most successful investment in the yen capital is Suzuki Motors, which has a monopoly on the Indian car market.

In Asia, yen capital is everywhere, and in the 60s and 70s, they invested in South Korea, Taiwan, Hong Kong, and Singapore, reaping the fruits of the economic take-off of the Four Tigers. In the 80s and 90s, it entered the mouth-watering market of China in a big way and continued to make a lot of money.

With China's economic boom, yen capital is now beginning to be challenged by Chinese capital, and its influence in East Asia is gradually fading, but it still maintains its advantage in Southeast Asia and South Asia.

This time, the Zhonghua Group came to invest in India, in fact, on behalf of Chinese capital, to challenge Suzuki Motor and Honda Motorcycle, which were representatives of yen capital that arrived one step earlier.

Arriving in India again, Han Hao's schedule was very tight.

In the evening, Han Hao attended a welcome dinner hosted by the Ahmedabad Municipal Government in the area where the Sanand Industrial Park is located, and the mayor of the city personally awarded Han Hao the title of "Honorary Citizen".

In recognition of Han Hao's large-scale investment in the local area, providing a large number of jobs for the people and driving the local economic development.

The chief minister of the state (equivalent to a senior official) Modi was also present to congratulate Han Hao and thank Han Hao for his contribution to the friendly relations between China and India.

"Thank you Minister for your support to our Chinese companies, the construction of the investment project is generally going well, and you have delivered on the Sanand experience that you proposed to match the speed of China. ”

At the dinner, Han Hao briefly expressed his gratitude to Modi.

"I hope to make the Tata China joint venture a model for investment, so that more foreign capital can see the bright prospects of investing in India.

The Sanand Industrial Park is a testing ground for me, and if I can, I hope to spread it all over India to keep up with the pace of your industrialization in China. ”

Modi's ambitions are so big that he has his sights set on the whole country, and many media outlets are looking at him as a strong contender for the future prime minister of India.

The next morning, Han Hao flew to Mumbai, India's largest city, where he will meet with Tata Group CEO Ratan today to discuss the intention of further in-depth cooperation between the two sides.

With the Tata Group, the local snake, the resistance of the China Group to invest in India is significantly smaller, and the establishment of a joint venture with the other party is obviously an export of the Chinese model. Many multinationals prefer to set up a sole proprietorship company, which can indeed control all resources, but in the context of India's poor business environment, it is very easy to get bogged down in the quagmire. To set up a joint venture with a local company, you can only focus on technology and capital, and let the Indian staff handle the rest.

Before meeting with Ratan, Han Hao will kick off a youth cricket match held today at the invitation of the Indian Cricket Federation.

Cricket, a sport of British origin, became popular as a national sport in the former colony of India. According to statistics, 700 million of India's 1.2 billion people play cricket at least four times a year, and 85% of them follow cricket matches. Cricket has an unshakable place in the hearts of the Indian people, and it is only natural that advertisers are competing for it.

The reason why the Indian Cricket Federation invited Han Hao to kick off is because the brand "Tata China" began to become a long-term sponsor of the association's events, and the two sides signed a five-year large advertising contract.

Without the Tata Group's operations, this sponsorship contract would be difficult to win, and this is one of the strengths of the joint venture.

When Han Hao came to India to invest, he did not think about making a quick buck and leaving, but was ready to take root in India for a long time. Regardless of the reality, India is indeed very similar to China, with a huge market of more than 1 billion people, which is really hard to give up.

To be honest, how to play cricket, Han Hao, who is Chinese, is confused. But before he came, he made up some rules of the event before he roughly understood the gameplay.

Titles such as "one of China's business leaders" and "China's well-known entrepreneur" are not as popular as "China's richest man with a net worth of more than 10 billion US dollars" in India.

Therefore, when Han Hao appeared at the scene of the youth cricket match, he was warmly welcomed by the audience.

A yellow-skinned and black-haired Chinese walked into the field of vision of the Indian people.

At the event, Han Hao accepted a joint interview with several major Indian media, after all, China's richest man investing in India is a major attractive topic.

Later, when meeting with Latan, Han Hao proposed a new cooperation agreement, that is, in addition to motorcycles and automobiles, he will set up an investment fund in India and begin to carry out long-term industrial layout in the local area.

The last time Han Hao came to India to bring products, this time, he brought capital!