Sunday, September 25, 2016

India to attract Chinese MNC

India will showcase investment opportunities to Chinese multinationals at the India-China Strategic Economic Dialogue next month. NITI Aayog Vice-Chairman Arvind Panagariya told media that there will be deliberations on cooperation in the areas of highways, railways and urban development in view of India's thrust on developing smart cities and push to infrastructure development in the country to achieve high economic growth. He informed that a big delegation of 220 businessmen and government officials led by National Development and Reform Commission (NDRC) Chairman Xu Shaoshi will participate in the two-day Dialogue on October 6-7, 2016.

There are five working groups under the dialogue-- energy, resource conservation and environment protection,infrastructure, high technology and policy coordination. Panagariya said that Chinese multinationals are shifting their base from China to other countries in order to be more cost effective in view of high labour costs.
China's Yangzhou city is set to host India Week celebrations from tomorrow with a business and investment meeting to be attended by CEOs of top Indian firms. The city in coastal Jiangsu province has been an important business partner for India in the Eastern China Region. Consulate General of India in Shanghai, Prakash Gupta, said companies in Yangzhou have shown keen interest in investing in India as part of the projects available under the 'Make in India' initiative. He said, Secretary of the ruling Communist Party of China's Yangzhou unit, Xie Zhengyi, will soon lead an investors' delegation to India to explore opportunities for investment. 

As part of Yangzhou's International Cuisine Festival, an 'Incredible India Pavilion' will also be inaugurated tomorrow, showcasing select Indian food delicacies and for promoting tourism-related travel options for Yangzhou visitors to India.

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