Announcements India-China (Changzhou) Business and Investment Forum held in Changzhou- 60 Chinese companies participate

India-China (Changzhou) Business and Investment Forum held in Changzhou- 60 Chinese companies participate

Consulate General of India in Shanghai along with Changzhou Municipal People’s Government jointly organized an India-China (Changzhou) Business and Investment Forum in Changzhou (located in Jiangsu Province) on January 17, 2018. 

2.  The objective of the Business and Investment Forum was to introduce the investment opportunities available to Chinese companies in India in sectors like smart cities, renewable energy, urban transportation, power, pharmaceuticals, textiles and tourism as part of the ‘Make in India’  initiative.

3.  The seminar was attended by the local Municipal leaders, officials and nearly 60 Changzhou based companies together with the Indian delegation comprising of officials from the Consulate, Indian companies and three leading Chinese companies from Changzhou, Jiangsu province which have invested in India.

4.  Mr. Zou DeYing , Director, Changzhou Municipal Bureau of Commerce in his opening remarks welcomed the Indian delegation and encouraged the participants from Changzhou to take advantage of the seminar and explore opportunities to increase the economic engagement between Changzhou and India.

5.  Mr. Naveen Kumar, Consul (Commercial), in his presentation highlighted the opportunities available for the Chinese companies under flagship programmes of Government of India like ‘Make in India’ , ‘Startup India’ and ‘Digital India’ and underscored that recent reforms undertaken by the Government of India  had improved India’s ranking in ‘Ease of Doing Business’. He also mentioned that India had now emerged as one of the most open economies in the world for receiving foreign direct investments (FDI), on the back of a host of liberalization measures undertaken recently by the Government. He invited Chinese companies to invest in India taking advantage of favourable policy regime, relatively lower wages, special investment privileges such as tax exemptions, and robust business environment.

6.  Mr. James Liu, Managing Director, Aditya Birla Group (Novelis) China in his presentation highlighted India’s rapid growth in construction and engineering sector and added that Chinese companies had huge opportunities in promoting innovation in new materials across commercial and industrial applications under the flagship programmes of the Government of India like ‘Make in India’.

7.  Mr. Li Qin, senior lawyer from M/s Link Legal India Law Services elaborated upon the legal frameworks for investment in India, apprised the participants about the issues that need attention of Chinese investors in India and clarified the doubts of the participants.

8.  Senior representatives from three leading Chinese companies based in Jiangsu province were invited to share their experiences of investing in India. Mr. Qu Jibing, Dy. GM of Jinchuang Group, Mr. Zhu Lei, Vice President from YAPP Automotive Systems Co. Ltd, Mr. Zhou Ming Xiong Director, Overseas Investment Department of Changhong Group and Mr. Li Mingliang, Dy. GM of Changzhen Group elaborated upon their experiences of investing in India and highlighted the opportunities that await the Chinese investors in India.

9.  A comprehensive information kit containing pen drive with detailed information on the investment guidelines, state wise profiles, visa guidelines etc. (all in Chinese) was distributed to all the Chinese participating companies.

10.  It is expected that investors from Changzhou would visit India to explore investment opportunities under flagship initiatives of the Government like ‘Make in India’, ‘Digital India’ and ‘Smart Cities’.

11.  It may be noted that Changzhou (located in Jiangsu) is a key industrial hub of companies from sectors like engineering, construction, renewable energy and textile machinery among others.  

Changzhou (Jiangsu)

January 17, 2018