Chinese enterprises attend investment and trade fair in India

File photo: Xinhua

A Chinese delegation of eight companies with operations in India, including Industrial and Commercial Bank of China, CRRC India Pvt and Dongfang Electric International Corporation, attended a major investment and trade fair in West Bengal, which could point to a warming economic climate. ties following Chinese State Councilor and Foreign Minister Wang Yi’s visit to India last month.

Chinese companies engaged in trade during the West Bengal Global Business Summit 2022 held on Wednesday and Thursday in the Indian state, which ranks sixth in terms of GDP among Indian localities and has a population of nearly 100 million, according to a press release from the Chinese Consulate General in Calcutta.

During the summit, the Chinese delegation also held an in-person event with the Bharat Chamber of Commerce.

The officials of Mumbai branch of Industrial and Commercial Bank of China and CRRC India Pvt both expressed that they have high expectations for the Indian market and economic cooperation between the two countries, adding that they are willing to work with their Indian counterparts to accelerate the fruits of their cooperation projects.

Chinese Consul General Zha Liyou pointed out that over the past two years, the pandemic and the ups and downs of China-India relations have not prevented bilateral trade from enjoying robust and continuous growth, noting that resilient trade data sufficiently demonstrates that the strong demand for China-India economic cooperation is an irreversible reality and provides a solid foundation for the development of mutually beneficial cooperation.

Experts noted that there were signs that China-India economic cooperation is heating up after the Chinese foreign minister’s visit.

On March 16, India officially approved 66 investment projects totaling $1.79 billion, mostly by Chinese companies.

In the same month, the management of the Aerotropolis project at Durgapur Airport in West Bengal, an eastern Indian state of 90 million people, expressed interest in attracting Chinese investment to develop the economy. local airport.

In 2021, bilateral merchandise trade exceeded $100 billion ($125.66 billion) and China remained India’s largest trading partner.

Indian officials and entrepreneurs appreciate Zha’s proposal on the development of bilateral relations and highly appreciate China’s initiative to overcome various difficulties to attend the summit and express their willingness to work with the Chinese side to promote economic cooperation. bilateral to a new level, according to the press release.

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