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India-China Business Seminar brings opportunities to Guizhou

( chinadaily.com.cn )

Updated: 2018-09-12

The 8th India-China Business Seminar was held in Guiyang, Guizhou province on Sept 10. Representatives for big data and infrastructure construction from India and China discussed investment opportunities in Gujarat, India.

A deepening cooperation between India and Guizhou has been observable in recent years. Guizhou has signed a series of cooperation agreements with India since 2015, promoting the establishment of a China-India IT Industrial Park in Guian New Area.

According to Gautam Bambawale, Indian ambassador to China, information technology and services in India took in $164 billion last year, including an export value of $120 billion.

Taking a leap of faith and hoping Guizhou would become China's primary data center, India started the India-Guiyang Information Technology Corridor project this May, which reveals the close cooperation between IT companies in India and Guizhou. The project is expected to boost the global competitiveness of Guizhou companies.

India possesses the world's largest crude oil refinery, as well as abundant petroleum and diamond resources. Being the first area to receive petroleum, chemical, and petrochemical investment, Gujarat has a developing area of 453 square meters.

Gujarat is willing to provide business opportunities, preferential policies, and labor for foreign companies, especially small and medium-sized enterprises (SMEs), said Mukesh Puri, principal secretary of Gujarat.

TEBA Company is a successful example of a foreign company investing in India. It decided to enter India in 2007 and successfully adapted to local conditions. In the future, TEBA will continue enhancing cooperation with India on railway construction and electrification.

India is adopting more liberal policies toward the direct investment of foreign countries in recent years, making it easier for Chinese companies to enter the Indian market. Investment organizations have been set up to provide assistance to Chinese individuals or companies investing in India.

According to the latest electronic visa policy, Chinese tourists can apply for an Indian visa online rather than at a consulate and receive the visa within three to four workdays.

India-China Business Seminar brings opportunities to Guizhou

An Indian delegation and representatives of Chinese companies attend the seminar. [Photo/todayguizhou.com]

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