India introduce investment opportunities to Guangdong enterprises
2013-April-11 Source:
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For most Guangdong people, India means curry, ancient culture, Bollywood movies, software project outsourcing and tour sites. The Indian Merchants’ Chamber is making effort to add one word on the list – investment opportunities.

On April 10th, the Indian Merchants’ Chamber (IMC) and China Council for Promotion of International Trade (CCPIT), Guangdong Council jointly organized an “India Calling Conference” in Guangzhou and signed a joint cooperation MoU to further relations between the business sectors of India and China.

On the conference, Indian representatives introduce India’s manufacturing infrastructure & engineering, financial services & insurance, textile, legal service, and agriculture & food processing to Guangdong’s officials and enterprises.

Mr. Niranjan Hiranandani, President of IMC mentioned that the 3 billion USD Metro Project in Mumbai could be a good starting point for Chinese investments in large-scale investment projects in India.

He told media that India and China have complementary opportunities which haven’t taken fully use of, “We have not even started.” And after the state-level leaders have shaken hands, the Chamber and Indian enterprises and their Chinese counterparts now start to do concrete works on cooperation.

The MoU signed on the conference is to formalize the IMC-Guangdong cooperation in boosting the bilateral trade and investments.

According to the president, India considers China’s SMEs as potential investors and it requires only 5,000RMB for them to register a company in India.

Mr. Chen Qiuyan, Chairman of CCPIT Guangdong Council mentioned that CCPIT is actively participating in the annual Products Fair in Mumbai and announced that with the inspiration of the ‘India Calling Conference’ in Guangzhou, CCPIT Guangdong will lead a 100 member Chinese business delegation to Mumbai to organize “China Calling Conference” some time later in this year and make it an annual affair.

Consul General of India in Guangzhou, Mr. Nagaraj Naidu, in his keynote speech, said that Chinese enterprises should initiate a new business model for Indian market which focuses more on investment rather than trading and he identified some key sectors for cooperation like Pharmaceuticals, IT Services, Infrastructure, Agro-Products, etc.

Mr. Suresh Prabhu, former Union Power Minister and Chief Guest of the Conference, said the MoU signed between Guangdong and Maharashtra and said a lot can be achieved because of the similarities between these two Provinces.

The plenary session covered the discussion on Spotting Opportunities: India-China Business & Economic Ties; Roadmap to Enhancing India-China Economic Relations: Chinese Perspective. In the Session, various experts from different fields like Consultancy, Agriculture & Food Processing, Financial Services, Legal Services, Textiles, Infrastructure Engineering gave their views on how to further economic cooperation between India and China in those respective fields. The presentation by Mr. Hugo Lin, Deputy Director of Invest Promotion Division of Invest Shenzhen on the investment policies for overseas investors in Shenzhen was well received by the Indian Delegation. The Indian Business Delegation also visited the Midea Group’s manufacturing plant in Shunde, Foshan to see and understand the development of Chinese Enterprises in the Manufacturing Sector.

Editor: Olivia
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