August 20, the Indian trade delegation to China ended a four-day visit. The same day, Director General of Confederation of Indian Industry Chandrajit Banerjee told the media that the delegation's visit to China during the Sino-Indian economic and trade cooperation prospects, respectively, with the China Trade Promotion Association and the China Federation of Industry held talks. Confederation of Indian Industry, India's most influential business association, with more than 115 years of history.
Chandrajit Banerjee told reporters, Confederation of Indian Industry and the China Trade Promotion Association will launch a new research project, they intend to jointly form a study group to explore cooperation in the coming years in India and areas of potential opportunity.
Meanwhile, the Confederation of Indian Industry and the China Federation of Industry have agreed to work together to promote cooperation between SMEs in India. The latter program in September sent a strong delegation to visit Mumbai and Delhi. Chandrajit Banerjee said that SMEs in China and India play a decisive role, is the cooperation between the two countries a very important meeting point.
On specific areas of cooperation, the Chinese outsourcing market in recent years, many Indian companies a key concern.
Chandrajit Banerjee day was fair to these Indian companies raised recommendations. He said that both China and India should first enhance mutual understanding, exchange of information; Second, India outsourcing business in China, China should be to create jobs, generate employment, while avoiding damage to the interests of China, India, outsourcing is the only development in China one way.
In addition, Chandrajit Banerjee said, India welcomes Chinese enterprises to invest in India. India so as to form a win-win situation.
Sino-Indian cooperation in the manufacturing sector is hot. China and India complement each other in the manufacturing sector significantly. China enjoys high productivity in manufacturing, low-cost advantage; and manufacturing in India because of their size is relatively small, so the focus on quality, Indian companies have the language advantage, small and medium enterprises around the world.
Chandrajit Banerjee said in the next five years, India will invest $ 1 trillion for infrastructure development, India's own strength alone is not complete, India hopes that all parties can actively participate. He then said that China's infrastructure has certain advantages, India's infrastructure projects will bring opportunities for Sino-Indian cooperation.
Chandrajit Banerjee also disclosed that in the coming months, India will organize many different industries exchange delegation to China: September, India will send a strong delegation to participate at the Summer Davos in Tianjin. End of this year, the Indian automobile and auto parts industry, the delegation will visit China.
In the recent past, visa issues, telecommunications procurement blacklist, Indian iron ore export restrictions and other issues, has been plagued by the development of Sino-Indian economic and trade relations.
The delegation came to China, with Chinese officials on the issues discussed. Confederation of Indian Industry, vice president of B Muthuraman told reporters that the delegation also mentioned the visa to the Chinese side, as well as the process of entering the Chinese market the specific difficulties encountered by Indian companies and other issues. He said China and India among the most prominent problem is to establish mutual trust.
According to Chinese customs data, total bilateral trade between India and the first seven months of $ 35.5 billion, an increase of 51.6%, of which China imported $ 13.3 billion, an increase of 75.3%, exports of $ 22.1 billion, an increase of 40.1%.
B Muthuraman believes that the Sino-Indian bilateral trade performed well in the past few years, the future will have more room for growth. China's machinery manufacturing, such as electrical machinery, communications, machinery and other advantages, and India in the IT, pharmaceutical, high-tech products have advantages, these industries will become the future development of bilateral trade hot industry.
The visit, B Muthuraman also take the opportunity to visit the Huawei, but he declined to communications equipment in the dispute between China and India to comment that the dispute will eventually be resolved because both sides have the will to solve the problem.
For India to limit its iron ore export policy, B Muthuraman explained his personal view, "India's steel production is now only 60 million tons daily, the future will be exceeded 100 million tons of steel production, and even reach 500 million tons, India iron is insufficient to support the needs of the Indian steel industry, the natural resources of iron ore exports for the Indian government more cautious.
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Send date: 2010-10-05 22:40