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China Machinex India trade show to be held in Mumbai

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Press Trust of India Mumbai
The machinery and raw material trade show - China Machinex India 2014 will be held between November 20 to 22 in Mumbai.

The exhibition will be inaugurated by Mayor of Wenzhou Province, China, in the presence of top Chinese government officials and Indian leaders in Mumbai on November 20.

Simultaneously, a day-long seminar on "India-China Investment Opportunities" will be held in which brain storming discussions will take place, Meorient International Exhibition, organiser of the trade show said in a statement here.

After Chinese President Xi Jingping's recent visit to India, Chinese manufacturers are very much upbeat for the long-term bi-lateral trade prospects with India, Meorient International Chief Operating Officer Binu Pillai said.
 

"We believe India is a huge market place for Chinese machineries as Chinese machineries worth of USD 10.70 billion comes to Indian shores annually, which is 20 per cent of total Indo-China bilateral trade of USD 75 billion. The bilateral trade is expected to touch figure of USD 100 billion by 2015," he added.

India imports Chinese machineries which are used in various segments including power plants, food processing, pharmaceuticals, packaging, plastics and steel industry.

A trade delegation comprising of top Chinese government officers and around 400 Chinese companies along with 600 top executives-traders will also visit India.

They will undertake tour of various Indian manufacturing centres including Ahmedabad, Mumbai, Madhya Pradesh and Pune, the release said.

China Homelife India and China Machinex is a series of global exhibitions held annually in eight countries including, Poland, Brazil, UAE (Dubai), South Africa, India, Kazakhstan, Turkey, and Jordan.

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First Published: Oct 30 2014 | 11:15 AM IST

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