Chinese companies to invest USD one billion in Gujarat
Updated: Jun 09, 2014 01:30:16pm
Ahmedabad, Jun 9 (KNN) To coincide with the visit of Chinese Foreign Minister Wang Yi, representatives of 15 Chinese companies from Wenzhou of Zhejiang province visited Gujarat to scout for opportunities to invest around USD one billion in various projects.
“Chinese companies have a target to invest of USD 1 billion in the state of Gujarat this year,” said interim Secretary General of CITIC (China India Trade and Investment Centre), Jagat Shah.
The companies met 30 potential investors and entrepreneurs here on June-7 in an investors’ summit and visited several factories to explore joint venture opportunities; while two companies from Gujarat who are already working with Zhejiang companies shared their experiences.
Representatives of companies from sectors like automobile and motorcycle parts, real estate, construction, electrical appliances, garbage management, medical equipment, educational equipment and software, art and crafts and finance were part of the delegation.
The delegation shortlisted three sites for setting up the China town project for automotive companies with housing facilities. In addition, a township plan was presented to them by Technopolis Township.
In Delhi the Chinese investment roadshow was hosted by CITIC, a new body headquartered in Ahmedabad to provide sharper focus on two way trade and investment.
Speaking to the Chinese delegation, Joint Secretary, DIPP, Government of India, Atul Chaturvedi, laid considerable focus on investment climate, challenges, opportunities and incentives in India.
On the other hand, Economic Adviser to Ministry of Urban development, Government of India, Anand Bhal, talked about opportunities for Chinese companies in urban development sectors like water supply, sewage, solid waste management, metro rail and bus rapid transit system.
The Chinese delegation included leader of Wenzhou International Investment Promotion Centre, Executive member of Wenzhou Federation of Industry and Commerce, Chairman of Wenzhou Youth Entrepreneurs Association, Vice-Chairman of China Photoelectric Association, Vice-Chairman of Kids Shoe Association, Executive member of Energy Saving Association and entrepreneurs from various industries from Zhejiang, China.
Teng Min Liang from Zhejiang TTN Electric Co Ltd was leader of delegation and Sun Jian Qiang from JBON Control Industry who represents CITIC in China was a part of the team. (KNN/ES)
“Chinese companies have a target to invest of USD 1 billion in the state of Gujarat this year,” said interim Secretary General of CITIC (China India Trade and Investment Centre), Jagat Shah.
The companies met 30 potential investors and entrepreneurs here on June-7 in an investors’ summit and visited several factories to explore joint venture opportunities; while two companies from Gujarat who are already working with Zhejiang companies shared their experiences.
Representatives of companies from sectors like automobile and motorcycle parts, real estate, construction, electrical appliances, garbage management, medical equipment, educational equipment and software, art and crafts and finance were part of the delegation.
The delegation shortlisted three sites for setting up the China town project for automotive companies with housing facilities. In addition, a township plan was presented to them by Technopolis Township.
In Delhi the Chinese investment roadshow was hosted by CITIC, a new body headquartered in Ahmedabad to provide sharper focus on two way trade and investment.
Speaking to the Chinese delegation, Joint Secretary, DIPP, Government of India, Atul Chaturvedi, laid considerable focus on investment climate, challenges, opportunities and incentives in India.
On the other hand, Economic Adviser to Ministry of Urban development, Government of India, Anand Bhal, talked about opportunities for Chinese companies in urban development sectors like water supply, sewage, solid waste management, metro rail and bus rapid transit system.
The Chinese delegation included leader of Wenzhou International Investment Promotion Centre, Executive member of Wenzhou Federation of Industry and Commerce, Chairman of Wenzhou Youth Entrepreneurs Association, Vice-Chairman of China Photoelectric Association, Vice-Chairman of Kids Shoe Association, Executive member of Energy Saving Association and entrepreneurs from various industries from Zhejiang, China.
Teng Min Liang from Zhejiang TTN Electric Co Ltd was leader of delegation and Sun Jian Qiang from JBON Control Industry who represents CITIC in China was a part of the team. (KNN/ES)
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