Simplified laws and regulations spur Chinese investing in India

The interest of Chinese companies in investing in India has enhanced significantly following the simplification of laws and regulations and the Indian government’s determined stance to attract FDI. This was stated by Lu Xinhua, Vice Chairman of the CPPCC Foreign Affairs Committee, former Vice Foreign Minister, People’s Republic of China at the ‘China-India Business Meeting for Investment and Trade’ organised by FICCI, in association with the Embassy of the People’s Republic of China in India. Xinhua, who is leading a high powered business delegation from the Council for Promoting South-South Cooperation (CPSSC) to India, said that his delegation comprises representatives from diverse sectors.