High-level Chinese delegation to visit Gujarat this month

Ahmedabad, 15 August 2014

An 18-member high-level Chinese delegation comprising top Chinese investors and industrialists will visit India in third week of August to finalize plans for multibillion-dollar investments in Industrial Parks. The delegation will visit Delhi, Gujarat and Mumbai.

The Chinese investments in the Parks were expected to be announced during the visit of Chinese President Xi Jinping to India next month. India and China have signed MoU which outlined the work to set up four such industrial parks to rebalance the ballooning trade-deficit averaging over $35 billion a year.
China hopes to make a big investment in one of the Parks to start with.

The India-China bilateral trade totaled %65.47 billion last year.

However, current Chinese investments in India stands at $1.1 billion, mostly in Gujarat, according to officials in Beijing in conversation with PTI.

‘Modi urges world to manufacture in India,’ state-run Xinhua news agency headlined its report highlighting Modi’s call at the Red Fort on Friday to “come, make in India. Sell anywhere, but manufacture here. We have the skill and the talent.”

Modi also reiterated his pre-poll promise of creating jobs and attracting investment, saying his priority would be “people, private partnership,” the report said.