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India steps up campaign for Chinese investments

India steps up campaign for Chinese investments

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India has stepped up its campaign for enhanced Chinese investments in the country by holding several high-profile investor meetings in China over the past two days.

After addressing a well-attended seminar here yesterday, Ravneet Kaur, Joint Secretary, Department of Industrial Policy and Promotion and Alkesh Kumar Sharma, CEO, Delhi-Mumbai Industrial Corridor Corporation addressed a similar event in Zhengzhou, a metropolis and the provincial capital of Henan.

The India-China Trade Investment and Economic Cooperation Seminar in Zhengzhou got overwhelming response, a statement from the Indian Embassy here said.

Kaur yesterday said Chinese investments in India in the last 10 years totalled USD 1.37 billion. Chinese officials say investments in India from China amounted to USD 4 billion.

Besides Kaur and her colleagues, three Chinese companies including Henan Senyuan Group, Henan Tianrui Group, and China Railway Engineering Equipment Group also made detailed presentations and expressed strong interest in investing in India, the statement said.

Their presentations were followed by a lively Q&A session with Chinese enterprises asking specific questions on areas of interest for investment, it said.

K Nagaraj Naidu, Director General of Investments, Technology Promotion & Energy Security Division, Ministry of External Affairs who had earlier addressed an investment campaign meet at Huzhou city organised by Indian Consulate in Shanghai addressed a similar event at Wuxi in Jiangsu province yesterday.

He spoke at the Renewable Energy Conference (CREC) in Wuxi, during which investment opportunities in India’s renewable energy sector were put on display for potential renewable energy investors from the Eastern China region.

Naidu made a detailed presentation for all Chinese participants at the 8th CREC Plenary Session highlighting the scale of investment opportunity available to Chinese companies in the Solar, Wind and other renewable energy sector.

India was designated ‘Guest Country of Honour’ at the conference, a statement from Indian Consulate in Shanghai said.

The Indian Pavilion showcasing India’s renewable energy requirements and strengths was jointly inaugurated by Naidu, along with Wang Jinjian, Vice Mayor of Wuxi and Consul General, Shanghai Prakash Gupta.

During the discussions with Vice Mayor Wang, Wuxi companies were encouraged to aggressively explore opportunities of investment in the renewable energy sector in India, the press release said.

The opening ceremony of the 8th CREC was attended by nearly 300 delegates from China and abroad.

Some of these companies were leading energy players from China, the US, Europe and Africa, it said. Earlier Indian Embassy here held a seminar to promote Vibrant Gujarat Global Investors Summit to be held next month.

Source:PTI

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Anand Gupta Editor - EQ Int'l Media Network

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