Chinese Investments In India May Go Over $80 Billion By 2017: PHD Chamber | SupportBiz

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Chinese Investments In India May Go Over $80 Billion By 2017: PHD Chamber

 
According to him, the two-way trade between the two ancient civilizations, exceeding $65 billion by March 2014 is expected to go up over $80 billion in next two year period as per conservative estimates made by the Chamber’s diplomatic cell.

New Delhi: President PHD Chamber of Commerce and Industry Sharad Jaipuria has exuded confidence that with the visit of Chinese President Xi Jinping to India, the latter will benefit in terms of accelerating her manufacturing especially of equipment and machinery such as electric, electronics, mobiles, engineering, heavy engineering, power and oil & gas.

Not only, India will profit from Chinese investments and transfer of technology in host of areas, but also the latter is expected to gain in from India’s intellectual wealth as Indian information and technology and her expertise in terms of making hardware as well as software gain in a firmer ground in China to further cement their bilateral trade and economic ties, felt the President PHD Chamber.

Jaipuria said that in the last couple of years, the Chinese investments into India are estimated at about $80 billion which is not very significant, measuring their potential but with increased momentum through diplomatic and political channels, the investments of China towards India and India’s investments into China are expected to multiply manifold for which the due credit should be given to the new government under Modi who has begun to undertake painstaking efforts to further improve the ties between the two countries.