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 such as finance, investment, railway construction, power generation, electronic products, project coordination, real estate, waste management, commerce, medical equipment, lighting, industrial cable, culture and education. The aim of the delegation members was to forge beneficial partnerships with their Indian counterparts.
He said that with globalisation, China and India have emerged as one of the largest and attractive destinations for FDI. Thus it is imperative for the two nations to grasp the emerging opportunities. As FICCI is assisting the Indian government to improve its business climate, CPPCC was also actively promoting Chinese businesses. Xinhua hoped that the B2B sessions organised between Indian and Chinese industry leaders would yield fruitful partnerships.