Commerce and Industry Minister Nirmala Sitharaman said India has signed an agreement with China in June to set up Chinese Industrial Parks in India.
"We are expecting Chinese to come and invest in India. We have been able to convince Chinese to manufacture those goods which they export...It is going to create more jobs in the country," Sitharaman told reporters here.
She also said that both India and China are expecting announcements during the forthcoming visit of Chinese President Xi Jinping to India this month.
In the last three months, Sitharaman has visited China twice and discussed various ways to enhance trade and investment between the countries.
Also Read
The bilateral trade between the countries stood at USD 65.85 billion in 2013-14. The trade deficit was about USD 35 billion.
India has time and again sought greater market access for Indian goods and services in the Chinese market. India is asking China to open its market for Indian IT and Pharmaceuticals besides stepping up investments to compensate the trade deficit.
China has invested only USD 410 million during April 2000 and June 2014.