Indian Manufacturing Companies
Indian manufacturing and IT companies are making serious moves in China, demonstrating their capabilities in high-tech engineering, software development, banking and forex trading platforms. Wang Guiqin, vice chairman, ...
Indian Manufacturing Companies
India's first Portal in English and Hindi on Defence, Strategic Affairs, Aerospace, Civil Aviation and Internal Security.October 27, 201208:53:
Beijing : China has become India's largest trade partner, but market access for Indian companies in the country is still limited and has been a major concern, India's Ambassador S. Jaishankar said Friday.
Speaking at the inauguration of the "India Show" here, the Indian envoy said bilateral trade last year was worth $74 billion and is "steadily growing".
But the balance of trade is heavily tilted in favour of China. "India had a trade deficit of $27 billion, which is difficult to sustain or to defend," said Jaishankar.
And "market access for Indian companies is a major concern and that is precisely why it is important that so many of them are here (at the India Show)."
Over 80 Indian companies are participating in the "India Show" which is being held along with the China International Auto Parts Expo (CIAPE).
The expo will provide an opportunity for the local industries to understand the technological advancements, innovations and manufacturing prowess of the Indian auto component industry.
"We offer each other so many opportunities for mutual development. Creating an enabling environment to take advantage of them is our endeavour."
S. Gopalakrishan, president designate of the Confederation of Indian Industry (CII), which has jointly organised the show, said more than 200 Indian companies are currently present in China to better engage with the local market.
"These companies apart from tapping the domestic market have been using China as their base to produce for other markets," said Gopalakrishnan.
Asit Tripathy, joint secretary in the Indian commerce ministry, said the two-way trade target of $100 billion would not be difficult to achieve by 2015.
As per the figures released by China's commerce ministry, cumulative Chinese investments in India till December 2011 are worth $575.7 million and Indian investments in China stood at $441.7 million.
Indian manufacturing and IT companies are making serious moves in China, demonstrating their capabilities in high-tech engineering, software development, banking and forex trading platforms.
Wang Guiqin, vice chairman, China Chamber of Commerce for Import and Exports of Machinery and Electronic products, which has signed a Memorandum of Understanding with CII, said the Chinese government welcomed imports of Indian products.
F.M ManekshawDefence IndustryHAL to outsource up to 30% of its manufacturing tasks: TyagiBoeing eyes big business from support & servicesMTA development will boost self reliance in aircraft manufacturingBoeing is keen to partner with Indian industry : Dennis SwansonLockheed Martin’s MH-60R/S well-suited to the Indian Navy: BartonUpcoming EventsDefexpo-2012FIDAE 2012Defence Services Asia 2012Eurosatory 2012Defense &Security 2012News & Current AffairsNew device to help patients regain lost voicePatient outflow to India have Nigerian doctors worriedUS military tests missile defense capabilityHaryana's clean chit to Vadra'a cover-up: KejriwalCourt dismisses reimbursement plea of sting reporterRaids conducted to arrest two former BSP ministersTaliban takes responsibility for US soldiers' killingWelfare of soldiers is top priority: ShindeAirport scanner can damage diabetes deviceBetter prepared than in 1962: ShindeInternal SecurityKasab's security bills issue needs debate: Shinde11 Bangladeshi immigrants arrested in MeghalayaMaoist shutdown hits road traffic in OdishaPolice to question Fasih Mahmood for 10 daysSaudi-deported terror suspect held in DelhiArmed forces to pitch for three new commands before PMMaoists kill village guard in OdishaCourt says no to Vectra chief's Britain visit12 Bangladeshis arrested in TripuraThree suspected IM terrorists held in DelhiBeyond HeadlinesIndia modifies Brahmos missile with new navigation systemReliance Capital to pay special dividend of 50 percentThales, BEL to form joint venture radar companyChina's moon rover to run on nuclear powerRamayan to be back on small screenBollywood's first superstar, Rajesh Khanna's filmographyGen Bikram Singh assumes command of Indian ArmyIndian boy solves 350-year Newton math puzzleFirst Tibetan women s team to keep date with ballKuwait brings middle-eastern culture to IndiaDRDODRDO to take action against terror suspect researcherEmbraer-based airborne warning system reaches IndiaNanoparticles new age answer to corrosion: ExpertEMB-145I aircraft delivered to CABSAgni-II missile successfully test-firedIndigenous AESA radars for Tejas Mark-2 : SaraswatAgni-5 missile is being modified for MIRV capability:
Beijing : China has become India's largest trade partner, but market access for Indian companies in the country is still limited and has been a major concern, India's Ambassador S. Jaishankar said Friday.
Speaking at the inauguration of the "India Show" here, the Indian envoy said bilateral trade last year was worth $74 billion and is "steadily growing".
But the balance of trade is heavily tilted in favour of China. "India had a trade deficit of $27 billion, which is difficult to sustain or to defend," said Jaishankar.
And "market access for Indian companies is a major concern and that is precisely why it is important that so many of them are here (at the India Show)."
Over 80 Indian companies are participating in the "India Show" which is being held along with the China International Auto Parts Expo (CIAPE).
The expo will provide an opportunity for the local industries to understand the technological advancements, innovations and manufacturing prowess of the Indian auto component industry.
"We offer each other so many opportunities for mutual development. Creating an enabling environment to take advantage of them is our endeavour."
S. Gopalakrishan, president designate of the Confederation of Indian Industry (CII), which has jointly organised the show, said more than 200 Indian companies are currently present in China to better engage with the local market.
"These companies apart from tapping the domestic market have been using China as their base to produce for other markets," said Gopalakrishnan.
Asit Tripathy, joint secretary in the Indian commerce ministry, said the two-way trade target of $100 billion would not be difficult to achieve by 2015.
As per the figures released by China's commerce ministry, cumulative Chinese investments in India till December 2011 are worth $575.7 million and Indian investments in China stood at $441.7 million.
Indian manufacturing and IT companies are making serious moves in China, demonstrating their capabilities in high-tech engineering, software development, banking and forex trading platforms.
Wang Guiqin, vice chairman, China Chamber of Commerce for Import and Exports of Machinery and Electronic products, which has signed a Memorandum of Understanding with CII, said the Chinese government welcomed imports of Indian products.
F.M ManekshawDefence IndustryHAL to outsource up to 30% of its manufacturing tasks: TyagiBoeing eyes big business from support & servicesMTA development will boost self reliance in aircraft manufacturingBoeing is keen to partner with Indian industry : Dennis SwansonLockheed Martin’s MH-60R/S well-suited to the Indian Navy: BartonUpcoming EventsDefexpo-2012FIDAE 2012Defence Services Asia 2012Eurosatory 2012Defense &Security 2012News & Current AffairsNew device to help patients regain lost voicePatient outflow to India have Nigerian doctors worriedUS military tests missile defense capabilityHaryana's clean chit to Vadra'a cover-up: KejriwalCourt dismisses reimbursement plea of sting reporterRaids conducted to arrest two former BSP ministersTaliban takes responsibility for US soldiers' killingWelfare of soldiers is top priority: ShindeAirport scanner can damage diabetes deviceBetter prepared than in 1962: ShindeInternal SecurityKasab's security bills issue needs debate: Shinde11 Bangladeshi immigrants arrested in MeghalayaMaoist shutdown hits road traffic in OdishaPolice to question Fasih Mahmood for 10 daysSaudi-deported terror suspect held in DelhiArmed forces to pitch for three new commands before PMMaoists kill village guard in OdishaCourt says no to Vectra chief's Britain visit12 Bangladeshis arrested in TripuraThree suspected IM terrorists held in DelhiBeyond HeadlinesIndia modifies Brahmos missile with new navigation systemReliance Capital to pay special dividend of 50 percentThales, BEL to form joint venture radar companyChina's moon rover to run on nuclear powerRamayan to be back on small screenBollywood's first superstar, Rajesh Khanna's filmographyGen Bikram Singh assumes command of Indian ArmyIndian boy solves 350-year Newton math puzzleFirst Tibetan women s team to keep date with ballKuwait brings middle-eastern culture to IndiaDRDODRDO to take action against terror suspect researcherEmbraer-based airborne warning system reaches IndiaNanoparticles new age answer to corrosion: ExpertEMB-145I aircraft delivered to CABSAgni-II missile successfully test-firedIndigenous AESA radars for Tejas Mark-2 : SaraswatAgni-5 missile is being modified for MIRV capability:
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