Indian companies to ramp up investment in China

Most of the 57 Indian companies across industries that have operations in China told an industry survey they will increase their investment this year on the back of rising revenues and profits, amid a business-friendly, innovation-powered environment in the country.

The survey by the Confederation of Indian Industry and Evalueserve, a professional services firm, found that Indian companies in China are neither daunted nor affected by talk of slowing economic growth and uncertainty caused by Sino-US trade tensions.

Indian corporate investments in China range from 500 million yuan (around $70 million) down to 5 million yuan each. Their annual revenues are in the range of 60 million yuan to 600 million yuan, accounting for 3 to 20 percent of their global total.