More than 20 Indian firms have been participating in the ongoing summit of 'India- China Business & Investment Forum' in Wuxi City of China. The summit aims to introduce latest investment opportunities to their Chinese counterparts under 'Make in India' campaign. The week long event also includes India Culture Week, scheduled to get kicked off on Sunday.
The participating Indian firms intend to introduce the latest investment opportunities in India across the sectors like renewable energies, infrastructure development and urban transportation. The Chinese companies have been urged to investment in these sectors under the 'Make in India' program, reports The Economic Times.
A cultural program performed by a Bhangra/ Gidda troupe from India has also been organized under the sponsorship of Indian Council for Cultural Relations (ICCR). The cultural programs have been scheduled to take place at the South China University Campus. A series of B2B meetings has also been planned for the participant Indian companies with their Chinese counterparts, reports The Times of India quoting Prakash Gupta, Consul General of India in Shanghai.
During the summit, the Shanghai branch of the State Bank of India (SBI) has announced launching a special desk to attract potential Chinese investors. The special China desk is scheduled to start its journey from Monday. SBI officials are also attending the summit. Four CEOs from leading Chinese companies have made presentations to potential Chinese investors on the advantages of the 'Make in India' campaign. Each of the four CEOs has narrated their longstanding experience over operating in India urging the potential countrymen investors to look at investing in the Indian market aggressively. They have also discussed about the key advantages, India has offered for the Chinese investors, according to a press release furnished in the website of the Consulate General of India in Shanghai. Zhou Taitong, Vice Chairman of the Shanghai CPPCC has highlighted the ultimate direction of India-China bilateral ties. He has also predicted for exponential growth of investments by the Chinese companies. The Shanghai CPCC vice chair has also called upon Chinese companies and provincial leaders to actively participate in the upcoming 'Make in India Week'. The week is scheduled to take place in Mumbai from 13-18 February, 2017 in Mumbai. Representatives from Larsen & Toubro, Adani Group, Reliance, GMR and several other leading Indian banks and companies have also made their brief interventions. They have even highlighted areas for partnering with counterpart Chinese companies while executing projects in India.
Join the Conversation