MUMBAI: Looking at India as an attractive investment destination
for its companies, China has evinced strong interest in the ongoing 'Make in
India' campaign with various delegations from the neighbouring Country taking
part in the summit here.
Noting that China and India have become the two
strongest driving forces for the world's economic growth, China's Consul
General in Mumbai said both countries have great potential for common
development through bilateral cooperation.
"In recent years, China has begun its economic
restructuring, which means that it has to transfer some of its manufacturing
capacity overseas due to ever-increasing costs," Consul General of the
Consulate General of the People's Republic of China (Mumbai), Zheng Xiyuan said
in a note.
According to Xiyuan, China's 'One Belt One Road'
programme to strengthen industrial cooperation with the countries along the
Silk Road makes India an important investment destination. "Under the
incentives offered under the 'One Belt One Road' programme, more and more
Chinese companies have strongly expressed their intention to invest
overseas," Xiyuan said.
"As a vital Country along the Silk Road, India is
gradually becoming one of most attractive investment destinations for Chinese
companies" he said.
Further, he noted that as India gradually improves its
services in favour of Chinese investors, such as fast licence approval, ease of
obtaining work permits and business visas, Chinese investors will also
contribute a lot to 'Make in India' and 'Make in Maharashtra'.
The week-long manufacturing summit in India has
witnessed the participation of some important delegations from China's
Government including the Suzhou Government delegation, Hunan Government delegation
and China Association for Promotion of International trade.
The Consul General observed that more and more Chinese
investors have come to India to study the country's investment environment, and
some of them have already taken concrete steps to invest in the Country. These
include Beiqi Foton Car Company, Shanghai Baoshan Steel Company and Taiyuan
Heavy Industry.
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