Over 100 Chinese and several Indian companies attended a business meet organised by the Indian Consulate in Shanghai in the Chinese city of Suqian to highlight investment opportunities in India.
The objective of the Business and Investment Forum held yesterday was introduce the investment opportunities available to Chinese firms in India in sectors like renewable energy, smart cities, power sector, urban transportation and infrastructure, as part of the 'Make in India' initiative, a press release by the Indian Consulate said today.
About 126 Chinese firms took part in the meeting.
A delegation of more than 12 Indian companies comprising CEO's of Larsen & Toubro, CII, Sterlite, NIIT, IFS Films, Top Travel & Tours along with Legal Consulting and Business Advisory Firms like H K Acharya & Co., Link Legal and Banks like ICICI made presentations during the meet.
Consul General Prakash Gupta led the Indian delegation and gave an overview of the investment climate in India and called on Chinese companies to make full use of the investment opportunities available in India.
Mayor of Suqian Wang Tianqi urged business leaders to establish greater synergies between Indian and Chinese industries and encouraged Suqian companies to aggressively explore investment opportunities in the Indian market.
During the forum, a presentation on the Indian Buddhist Tourism Circuit was also made, given the significant interest Chinese tourists have displayed in visiting Buddhist sites in India, the press release said.
A series of business meetings were also held between participating Indian companies and their Chinese counterparts from Suqian, which generated significant business leads for the participating companies.
It is expected that as a follow up to the business forum, Suqian city leadership is likely to lead an investors' delegation to India in second half of 2017 to explore tangible investment opportunities in upcoming SEZ's in India.
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