PTI, Beijing :
India Saturday said it is committed to improve trade relation with China as it would be mutually beneficial and help further the ‘Make In India’ initiative that provides a golden opportunity for Chinese investors.
Minister of State for External Affairs V K Singh, who led a 200-member business delegation to the 3rd China-South Asia Expo, made these remarks after taking part in the event where nearly 300 deals worth USD 55 billion have been signed.
India is the country of honour at the Expo in Kunming, capital of the southwestern Yunnan Province.
“GoI is committed 2improvin trade relatns China, such a partnership wud be mutually beneficial and will help further MakeInIndia initiative,” Singh tweeted on Saturday.
He said the ‘Make in India’ initiative of Prime Minister Narendra Modi provides a golden opportunity for Chinese investors to invest in India.
“We hope that IndianManufactures will be able (to) increase the export of their products in the fields of IT, Pharma, textiles, Agro to China,” he tweeted.
He said bridging the current ‘trade imbalance’ will be beneficial to both India and China. India has said the “imbalanced” trade with China leading to a yawning USD 47 billion trade deficit needs to be “pro-actively” addressed through improved market access for Indian products with competitive advantage like those in IT and agro.
India Saturday said it is committed to improve trade relation with China as it would be mutually beneficial and help further the ‘Make In India’ initiative that provides a golden opportunity for Chinese investors.
Minister of State for External Affairs V K Singh, who led a 200-member business delegation to the 3rd China-South Asia Expo, made these remarks after taking part in the event where nearly 300 deals worth USD 55 billion have been signed.
India is the country of honour at the Expo in Kunming, capital of the southwestern Yunnan Province.
“GoI is committed 2improvin trade relatns China, such a partnership wud be mutually beneficial and will help further MakeInIndia initiative,” Singh tweeted on Saturday.
He said the ‘Make in India’ initiative of Prime Minister Narendra Modi provides a golden opportunity for Chinese investors to invest in India.
“We hope that IndianManufactures will be able (to) increase the export of their products in the fields of IT, Pharma, textiles, Agro to China,” he tweeted.
He said bridging the current ‘trade imbalance’ will be beneficial to both India and China. India has said the “imbalanced” trade with China leading to a yawning USD 47 billion trade deficit needs to be “pro-actively” addressed through improved market access for Indian products with competitive advantage like those in IT and agro.
