On November 14th, Mr. Ashok K. Kantha, Indian ambassador to China, visited Chongqing with an Indian business delegation, introducing India’s investment environment and policies to Chongqing enterprises. Mr. Kantha proposed that Chongqing would strengthen the manufacturing and infrastructure cooperation with India, to exploit the industrial advantage between two places and to promote the bilateral trade development.
China and India are both the world’s ancient civilizations and have a long history of connection, of which when Chongqing acted as the auxiliary capital of China during World War II, the famous “Hump Course” put up an important air passage and friendship bridge between Chongqing and India. At that time, India set up the Indian Embassy in Chongqing and the site of which is still standing in Chongqing Nanshan Botanical Garden.
“Chongqing is the most dynamic economic center in western China.” said Mr. Kantha. This was the first time he came to Chongqing, and he hopes to come frequently in the future with continuous cooperation opportunities. As a vital point between the Silk Road Economic Zone and Yangtze River Economic Zone, Chongqing is playing an important role in the development of western China. Chongqing and India should produce their respective industrial advantages and build the further cooperation in manufacturing, infrastructure, IT, chemical, automotive, textiles and other fields.
Mr. Chen Heping, vice mayor of Chongqing, said that the total import and export trade value between Chongqing and India in 2013 amounted to $ 1.95 billion. In the first three quarters of 2014, the total trade value has reached $ 1.28 billion. Till September 2014, Chongqing has set up four companies in India, covering environmental protection, manufacturing, silk sales and medical fields.
It is understood that Chongqing Yunhe Hydropower Inc., China Chongqing International Construction Corporation, Chongqing Yuneng Taishan Electric Wire & Cable Co. Ltd are proceeding one batch of new projects so far in India, including e-commerce, garment outsourcing, software training, energy and infrastructure construction.
Mr. Kantha said that the current political and economic situation between China and India is encouraging and the relations between two countries affected nearly one-third of the global population. In October 204, Chinese President Xi Jinping visited India, further improved the strategic partnership between China and India, and reached a series of consensus with Indian Prime Minister Modi on promoting the investment of Sino-Indian Industrial Park, infrastructure construction, financial cooperation and trade exchange.
“The core of the strategic partnership between two countries is the economic and commercial exchanges.” said Mr. Kantha. Currently India is paying more and more attention on the economy, hoping that China’s western development strategy and India’s Look East policy can enhance each other and create a good environment for the bilateral investment.
Article source: The China Voice