Hubei Seeks Economic Cooperation with India

15 Sep

New Delhi: Mr Tian Chengzhong, Vice Governor, Hubei Province of China, addressing a seminar on “2011 Wuhan-New Delhi Economic and Trade Cooperation”, organized by the Confederation of Indian Industry and China Council for Promotion of International Trade in New Delhi on 13 September 2011, asked for enhancing communication and economic cooperation between India and Hubei province of China.

He said that Hubei province and its capital city Wuhan have established a modern industrial set ups covering auto, steel, petrochemical, electronic information, food, textile, and equipment manufacturing. As a fast developing province of China, the bilateral cooperation between India and Hubei would be hugely mutually beneficial, he said. Mr Virat Bhatia, Chairman, CII Delhi State Council and President – IEA South Asia, AT&T, presiding over the seminar said that India and China are two rapidly growing economies, and are acting as the twin engines of growth of world’s economy. He invited Chinese enterprises to invest in the fast growing manufacturing and infrastructure sectors in India.

He called for increased access to Indian IT companies, pharmaceuticals, engineering products and agriculture produce in the Chinese domestic market to reduce the deficit of India in its trade with China. He also asked for cooperation in energy, manufacturing, S&T, IT & ITES, banking, shipping, tourism, education, trade facilitation and avoidance of double taxation. Mr Partha Sarathi Guha Patra, Vice President & Head – Corporate Affairs, Wipro Ltd gave an overview of the growth of Indian IT industry.


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