WHERE IS NIRAV MODI?
NEWDELHI: Diamond dealer Nirav Modi, an accused in the ₹13,000crore Punjab National Bank fraud, has left Hong Kong, two government officials familiar with the matter said on Thursday. They weren’t sure about his current location.
The first official said Modi is believed to have reached New York in March and may still be there but the second official said Modi may have left New York, too.
BEIJING:Prime Minister Narendra Modi and President Xi Jinping will take on the task of rebooting India-China relations during their informal summit in Wuhan, reflecting a remarkable turnaround since the military standoff at Doklam nearly eight months ago.
Modi brings a sense of guarded optimism to Wuhan about the future of bilateral ties. To be fair, diplomats from both sides have insisted that the two-day summit is informal in nature, which means there could be little in terms of concrete takeaways at the end of it.
Prime Minister Narendra Modi tweeted about the Wuhan visit, saying he would review the India-China relations “from a strategic and long-term perspective”.
“President Xi and I will exchange views on a range of issues of bilateral and global importance.
“We will discuss our respective visions and priorities for national development, particularly in the context of current and future international situation,” he said.
Much of the talk in the run-up to the summit from both sides has focused on convergences, rather than the differences — including the border dispute, China’s blocking of India’s bid to join the Nuclear Suppliers Group and the listing of Pakistan-based terrorists at the UN — that took the relationship to a new low.
“Our common interests far outweigh our divergences,” Chinese foreign ministry spokesman Lu Kang said. Vice foreign minister Kong Xuanyou said the two leaders will have “heart-to-heart discussions on overarching issues and try to build mutual trust and consensus to resolve outstanding differences”.
The People’s Liberation Army said the summit would stabilise ties between the two militaries and help maintain peace at the borders.
“Although the relations between the two militaries still face some difficulties and obstacles, we are willing to use the important consensus of the leaders of the two countries as guidance to deepen our understanding, enhance mutual trust, properly settle differences, and continue to accumulate the positive energy of the healthy and stable development of the relations between the two armed forces,” military spokesman Col Wu Qian said.
The summit also comes at a crucial time for both leaders. China is dealing with US protectionism and threats of tariffs on its products, which have led to fears of a trade war, while Modi is focused on steady economic growth ahead of a general election next year.
Tied to the national interests of the countries are the two leaders’ plans for “national rejuvenation” and factors that are slowing such plans.
The 5th Sino-Indian Strategic and Economic Dialogue (SED) recently held in Beijing discussed cooperation in infrastructure, and Modi will have the opportunity to share his plans to improve India’s infrastructure and where China, with its vast experience in the sector, could come in.
The core message from the SED was that India and China “must focus incessantly and unremittingly on the development cooperation possibilities despite differences”.
Xi could use the summit to convince Modi about his legacy project, the Belt and Road Initiative (BRI).