The President of India, Shri Pranab Mukherjee said India believes that there is great potential for economic and commercial cooperation between India and China, which face similar opportunities and challenges. According to the President, the stability of the bilateral relationship between the two countries in recent years provides an enabling basis for utilizing these opportunities and coming together.
The President of India was addressing the India-China Business Forum at Guangzhou, China. The Business Forum was supported by the Confederation of Indian Industry (CII). CII had organised a high-level industry delegation which led by Dr Naushad Forbes, President, CII to accompany the President of India to China. Other members of the delegation included Mr. Chandrajit Banerjee, Director General, CII , Mr Shiv Khemka, Vice Chairman, Sun Group and Mr. Ajit Ranade, Chief Economist, Aditya Birla Group among others.
According to the President of India, to realize the full potential of our economic partnership, it was important to bridge the information gap between our business communities. India was committed to providing a conducive environment for more investments from China and stood ready to facilitate many more collaborations between the industry and businesses of our two countries across different sectors. India invites investors from China to be partners in India's growth story.
The President said India is a young nation. Our primary goal is to build a modern economy that puts a premium on sustainable development. We are steadily moving towards this objective and a profound socio-economic transformation is taking place in our country. China's economic achievements are a source of inspiration for us. We believe that stepping up our two way trade and investment flows will be of mutual benefit to both our nations. We welcome Chinese investments and entrepreneurs to participate in ‘Make in India’ and other flagship initiatives of Government of India. India will facilitate efforts of Chinese investors to make their investments in India profitable. We must take advantage of the opportunities that abound in the growth of both our economies.
In his address, Dr. Naushad Forbes, President, CII stated that Indian industry warmly welcomes Chinese investments and participation in the Indian economy and we hope to likewise extend our cooperation in the Chinese economy. He envisaged huge opportunities for Chinese participation in India’s ambitious program for infrastructure construction in power, railways, roads and highways and urban development. Chinese companies have demonstrated high technical and engineering capabilities in project management and can deliver excellent outcomes in India.
May 25, 2016