"India-China economic and trade cooperation is diversifying as
more Indian companies enter China's manufacturing, service and
finance sectors," the president of Confederation of Indian
Industry, R Seshasayee, said yesterday at the ongoing "Made in
India" show in Beijing.
Seshasayee also said India will further develop its software
industry and increase exports to overseas markets, including
Chairman of China Council for the Promotion of International
Trade (CCPIT), Wan Jifei, said the "Made in India" show, an annual
event since 2003, has achieved "remarkable" results.
This year's show is being attended by more than 50 Indian
industrial and commercial enterprises, which are exhibiting
products and services from nearly 20 sectors including agriculture,
health and engineering.
The show will help diversify the trade between the two countries
and further deepen economic and trade ties, said Wan.
Kapil Sibal, Indian minister of science and technology, said
India will strengthen cooperation with China in scientific research
and development to realize a faster growth in bilateral economic
India and China, the world's two most populous countries, have
witnessed rapid economic growth. The bilateral trade volume grew
from US$265 million in 1991 to US$18.7 billion in 2005, and the
figure is expected to exceed US$20 billion this year.
The show was jointly organized by the Confederation of Indian
Industry and the Indian Embassy to China.
(Xinhua News Agency September 9, 2006)