Business entities of India and China have taken several significant decisions to expand commercial contact between the two countries.
A media release issued by the India China Trade Centre (ICTC) after a board meeting on Tuesday, said that both sides reviewed the current progress being made on the bilateral economic front and have agreed that there is a need for opening new branch offices in different states and provinces to give a boost to existing business potential.
The ICTC Board also approved the opening of an India China Technology Transfer Centre (ICTTC) for the promotion of economic research, education and science and technology cooperation between India and China.
Rajeev Shukla, Member of Parliament and Chairman of the ICTC Advisory Board, chaired the meeting.
V. K. Mishra, Executive Vice Chairman briefed the board about the activities of the ICTC in the last year.
Wen Jun, Counsellor (Science and Technology) at the Embassy of China was also present at the meeting and briefed members about science and technology cooperation possibilities between both countries.
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He appreciated the efforts of the ICTC for establishing a platform for that.
The ICTC Board also approved the expansion of existing committee and the formation of a Committee on Infrastructure, Economic Zones and Industrial Hubs for better coordination between Chinese and Indian enterprises.
The meeting concluded with a vote of thanks to the Chair.