Top Chinese and Indian firms have participated in a business forum held in a key industrial hub in eastern China to introduce them to investment opportunities in India in sectors like renewable energy and infrastructure. Officials from top Chinese companies took part in the India-China Business and Investment Forum organised in Zhenjiang, a city having a population of 3.17 million and GDP of $ 5.5 million in Jiangsu province. Zhenjiang is located in the Yangtze River Delta transport corridor between Shanghai and Nanjing economic regions. Its main industries include advance equipment manufacturing, bio-technology, pharmaceuticals, IT, and space technologies.
The objective of forum was to introduce the investment opportunities available to Chinese companies in India in sectors like renewable energy, smart cities, power sector, urban transportation and infrastructure, as part of the ‘Make in India’ initiative, the Indian Consulate in Shanghai said. A delegation of 30-plus Indian companies comprising CEO’s of top companies such as Larsen & Toubro, TCS, Reliance, Adani Group, Jet Airways, Tech Mahindra, and several legal firms and banks like UBI, Canara and Axis made presentations across sectors like infrastructure, banking, IT, urban transportation and legal guidelines, for setting up businesses in India, the consulate which organised the event said in a statement today.
Consul-General Prakash Gupta, led the Indian delegation and gave an overview of the investment climate in India. He called on the companies operating from Zhenjiang to make full use of the opportunities available to Chinese firms in India. A new website (www.chinaindia360.com) will be providing all necessary information to potential Chinese investors. Indian and Chinese companies held a series of B2B meetings during the event which generated significant business leads for the participants, according to the statement. Zhenjiang city leadership is expected to lead an investors’ delegation to India in April or May this year to explore tangible investment opportunities in the upcoming Special Economic Zones in the country, it said.