Tuesday, Aug 04, 2020 | Last Update : 05:41 PM IST

133rd Day Of Lockdown

Maharashtra45019628703015842 Tamil Nadu2632222022834241 Andhra Pradesh166586886781537 Karnataka139571625002594 Delhi1384821242544021 Uttar Pradesh97362553931778 West Bengal78232548181731 Telangana6766048609551 Gujarat64684476632504 Bihar5956738508336 Rajasthan4555532051719 Assam4527633429109 Haryana3717330470440 Odisha3629723074248 Madhya Pradesh3428524099900 Kerala268731527885 Jammu and Kashmir2200614032407 Punjab1852711882442 Jharkhand135004794125 Chhatisgarh9820725661 Uttarakhand7800453890 Goa6816487656 Tripura5389360527 Puducherry3982241156 Manipur292017667 Himachal Pradesh2818165813 Nagaland21296574 Arunachal Pradesh175810633 Chandigarh116070619 Meghalaya9022645 Sikkim6882971 Mizoram4962660
  Business   In Other News  10 Sep 2019  Niti Aayog urges Chinese businesses to make India an export destination

Niti Aayog urges Chinese businesses to make India an export destination

PTI
Published : Sep 10, 2019, 8:52 am IST
Updated : Sep 10, 2019, 8:52 am IST

India-China bilateral trade stood at USD 87 billion during 2018-19.

The governments and industries in both the countries working hand in hand.
 The governments and industries in both the countries working hand in hand.

New Delhi: Niti Aayog Vice Chairman Rajiv Kumar on Monday urged Chinese businesses to look at India as an export destination from where they can sell their products to various countries.

"We will welcome all export-oriented investment from China. I am also pleased to hear the kind of opportunities that we can have for the Chinese investment in our infrastructure, in our railways, in our roads, ports, airports, everywhere, even in our real estate," Kumar said at the India-China Economic Cooperation Forum organised by the CII here.

 

Elaborating on the export-oriented investment from China, he said it is akin to American investment in China which is all about exporting back to America.

"Now, it is time therefore for the Chinese companies for investment in India, make in India and the export from India, whether it is back to China or is to Africa or to the US, as these goods will go from India.

"And I think that's the investment that we are really looking for because that will be helping us both in terms of our economy generation to make in India and increasing our exports," he said.

Kumar also said that India and China, through this forum, have agreed to identify non-tariff areas so that it becomes easier for the Indian companies to make inroads into China.

 

"In several areas, specially for India, like say for pharmaceuticals and IT, the market access to China is affected by procedures and licences. So, we have agreed that we will look at these non-tariffs measures and try to address them so that we can achieve better market access," he said.

He also assured the Chinese investors and businesses all kind of help the Indian government can lend for them to do business here, saying they can approach Niti Aayog as and when they feel there are issues to be addressed.

"I want to assure my Chinese friends and the chinese companies...we have the CII, and the Indian companies can become the joint partners in JVs for bringing Chinese companies in India and making it easier for them, facilitate their entries.

 

"I can assure on my behalf, on Niti Aayog's behalf that if there is any time at all, any effort that is needed on the part of the government of India, do not hesitate to approach me. We will make sure that whatever stumbling block if you are facing, either in the central government or in the states, we will work towards getting it removed and try to getting it addressed," said the Niti Aayog vice chairman.

He also emphasised that the two countries can easily reach the USD 100 billion bilateral trade within the next two years with the governments and industries in both the countries working hand in hand.

"We can surely reach the target of USD 100 billion bilateral trade in the next two years. And I am sure that we will surpass the target of USD 20 billion foreign direct investment between the two countries in the fairly new future in the next two three years," he added.

 

Meanwhile, five memorandum of understanding were exchanged during the occasion. These include, between CII and China Association of Circular Economy, China Datang Technologies and Engineering and Gujarat Electricity Cooperation, and Beijing Membrance Technology and Client Nature Tech Enviro Protection.

India-China bilateral trade stood at USD 87 billion during 2018-19.

Tags: niti aayog, export, bilateral trade, investment
Location: India, Delhi, New Delhi