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Indian Punjab and China Hunan Province jointly promote cooperation in various fields

  • Categories:Industry Trends
  • Author:
  • Origin:
  • Time of issue:2015-12-23 12:00
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(Summary description)

Indian Punjab and China Hunan Province jointly promote cooperation in various fields

(Summary description)

  • Categories:Industry Trends
  • Author:
  • Origin:
  • Time of issue:2015-12-23 12:00
  • Views:
Information

Xinhua Changsha, August 25 (Reporter Dan) India (Punjab) - China (Hunan) Business and Investment Forum held in Changsha on the 25th, more than 50 engineering machinery, agriculture, hydroelectric energy, automotive and other fields of business and Hunan Punjab docking in various fields and jointly promote the "state provincial cooperation."

"India and China are economically complementary, increasingly close economic and trade cooperation, the Indian government wants to 'cooperate Pradesh province' and China's institutionalized, this investment is an important forum Practice and China 'Bang province cooperation'." Indian Embassy Embassy Trade Commerce and Economic Counsellor at the Nan Kang said, "At present, Chinese enterprises in India has opened up five industrial parks, is progressing well. India's infrastructure investment needs are still $ 1 trillion, while Chinese enterprises have in these areas advantages, bilateral cooperation has great potential. "

According to the Hunan Provincial Department of Commerce Director Xuxiang Ping introduction, Hunan very close trade and economic cooperation with India, at present, Hunan has set up 15 companies in India, a total of $ 150 million investment; India's investment projects in Hunan 8, a total investment of 30.7 million US dollars of contracted foreign capital $ 26,870,000. 2014, total import and export trade to India Hunan $ 730 million, an increase of 33.2%.

Hunan group of outstanding enterprises to invest in India, Societe Generale, which Sany invested $ 70 million to set up production bases in India; Zoomlion established a joint venture with Indian EM Heavy Machinery production line in India. Sany Group Co., Ltd. Deputy General Manager said that at present a group of three in the Indian crane market share of 23%, 60% share of concrete machinery, mining machinery to maintain more than 70% annual growth.

Located in the northwest state of Punjab, India, West and adjoining Pakistan, it is India's largest commodity grain base and high quality cotton production. Punjab Minister for Industry and Commerce, said Lal, Punjab have advanced investment promotion model, the implementation of "one-stop single window" policy for investors, also introduced a number of financial and tax incentives and other aspects, hope and the Hunan Provincial Government and enterprises to carry out exchanges and cooperation in agriculture, new energy, information technology and other fields to achieve mutual benefit and win-win.

The Forum, the National Hi-Tech Industrial Development Zone, Changsha and Punjab signed a cooperation agreement, the two sides will strengthen cooperation in the fields of industry and trade, and create better employment and investment environment, and support each other in the areas of investment and trade activities.

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Indian Punjab and China Hunan Province jointly promote cooperation in various fields

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