There is no reason why Chinese companies shouldn't take advantage of 'Make in India': Pranab Mukherjee
Updated: Jun 16, 2015 04:33:42pm
New Delhi, June 16 (KNN) Stating that the trade deficit between India and China is a matter of concern, President Pranab Mukherjee invited the Chinese companies to increase involvement in India’s manufacturing sector.
“It is good that a high level group has been set up to examine how the deficit can be reduced,” he said while welcoming a Parliamentary Delegation from China.
The President invited Chinese companies to increase their involvement in India’s manufacturing sector, stating that there is no reason why Chinese companies should not take advantage of India’s ‘Make in India’ initiative.
A Parliamentary Delegation from China led by Zhang Dejiang, Chairman of the Standing Committee of the National People’s Congress called on President of India on Monday.
Welcoming the delegation, the President said Zhang’s visit to India reflects the growing relations between India and China. It will help revitalize India-China parliamentary exchanges especially since the last visit of the Chairman of the National People’s Congress took place 14 years ago. The last visit of Speaker of the Lok Sabha to China was also in 2006.
The President said there is need to intensify exchanges between the Parliaments of India and China. India considers it an important channel for enhancing mutual understanding.
“India attaches the highest priority to its relations with China and is committed to further developing friendly and cooperative relations,” he said.
India’s relations with China have witnessed all round progress in recent years. India-China bilateral trade for the year 2014 stood at USD 70.59 billion compared to last year, having grown by 7.9 per cent. While India remains committed to exploiting the full potential of its economic cooperation, the trade deficit is a matter of concern. It is good that a high level group has been set up to examine how the deficit can be reduced.
The President expressed appreciation of the Chairman’s high political standing as Member of the Standing Committee of the Politburo of the Chinese Communist Party and his deep knowledge of India-China relations. He expressed confidence that Zhang’s visit will provide new impetus to bilateral relations.
Responding to the President, the Chairman of the NPC Standing Committee said he was deeply impressed by the consensus amongst all high level leaders of India for greater cooperation with China.
India and China are the largest developing countries and emerging markets, he said. Friendship between the two countries will not just benefit the people of the two countries but also have a potential impact on the entire region and the world, he added. (KNN Bureau)
“It is good that a high level group has been set up to examine how the deficit can be reduced,” he said while welcoming a Parliamentary Delegation from China.
The President invited Chinese companies to increase their involvement in India’s manufacturing sector, stating that there is no reason why Chinese companies should not take advantage of India’s ‘Make in India’ initiative.
A Parliamentary Delegation from China led by Zhang Dejiang, Chairman of the Standing Committee of the National People’s Congress called on President of India on Monday.
Welcoming the delegation, the President said Zhang’s visit to India reflects the growing relations between India and China. It will help revitalize India-China parliamentary exchanges especially since the last visit of the Chairman of the National People’s Congress took place 14 years ago. The last visit of Speaker of the Lok Sabha to China was also in 2006.
The President said there is need to intensify exchanges between the Parliaments of India and China. India considers it an important channel for enhancing mutual understanding.
“India attaches the highest priority to its relations with China and is committed to further developing friendly and cooperative relations,” he said.
India’s relations with China have witnessed all round progress in recent years. India-China bilateral trade for the year 2014 stood at USD 70.59 billion compared to last year, having grown by 7.9 per cent. While India remains committed to exploiting the full potential of its economic cooperation, the trade deficit is a matter of concern. It is good that a high level group has been set up to examine how the deficit can be reduced.
The President expressed appreciation of the Chairman’s high political standing as Member of the Standing Committee of the Politburo of the Chinese Communist Party and his deep knowledge of India-China relations. He expressed confidence that Zhang’s visit will provide new impetus to bilateral relations.
Responding to the President, the Chairman of the NPC Standing Committee said he was deeply impressed by the consensus amongst all high level leaders of India for greater cooperation with China.
India and China are the largest developing countries and emerging markets, he said. Friendship between the two countries will not just benefit the people of the two countries but also have a potential impact on the entire region and the world, he added. (KNN Bureau)
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