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Xian (China): Giving final touches to its most ambitious plan to build a wide network of new silk roads on land and seas to enhance global connectivity, China has invited India to join President Xi Jinping's pet project that would revive the ancient trade route and benefit the region. China a Priority in India's Foreign Policy: PM Narendra Modi Tells Chinese Premier Li Keqiang Inauguration of CPICC Kolkata office Exclusive Business Seminar With Hon’ble Governor Of Yunnan H.E. Li Jiheng 2nd China-South Asia Expo-Inauguration 6th June, 2014 9th China-South Asia Business Forum- 7th June, 2014 HE Mr. Li Wenrong Mayor of Kunming City visited Kolkata- 23rd April, 2014

Centre for Promotion of India-China Cooperation to foster relationships economic and bilateral relationships between the two countries

 

India-China relations are one of the most important bilateral relationships in the 21st century. The India-China trade and investment relations have expanded rapidly over the past few years suggesting their potential and complementarities. The bilateral trade between India and China having a potential worth over $100 billion in year 2015 will create huge and unprecedented opportunities for both countries’ business and investors while bringing about a greater stability in the region.

 

Yunnan province, in southwest China, has a large natural resources base, manufacturing base, immense hydro-power potential and is a hub for mineral resources. The province is being projected as a "window to South Asia & South East Asia" by the Chinese government because of its proximity to the region. This scenario brings the need to exploits the opportunity for mutual benefits by India and China.

 

Office of Centre for Promotion of India-China Cooperation was inaugurated in Kolkata by His Excellency Maoyi Zhou , Acting  Consul General of Consulate General of the People’s  Republic of China in Kolkata ,  Mr Mahesh K Saharia , Chairman  along with Dr  H P Kanoria, Vice Chairman along with other members. China-India relations will be embarking on a new starting point upon the formation of this centre. It aims to facilitate the business efforts between Indian and Chinese commercial and economic communities.

 

His Excellency Maoyi Zhou , Acting Consul General of Consulate General of the People’s  Republic of China in Kolkata said “In order to sustain, facilitate and promote greater engagement between the two countries this kind of initiative is a great step forward especially from the point of view of eastern part of India.”

 

Mr M K Saharia said, “With more than a third of the world's population living in India and China, the two countries can be "one huge trading bloc". There is huge potential for Indian investments in Yunnan, mainly in the manufacturing sector, minning,  pharmaceutical and information technology sector. India & China have recently entered into a unique unprecedented agreement to agree to set up SEZ or Industrial Park and huge investment from China is expected. Eastern Region can be a major beneficiary. The two sides should seize the opportunity to promote smooth transition of bilateral relations and inject new impetus into the China-India strategic and cooperative partnership.”

 

Dr H P Kanoria said, “We think very highly of this initiative because it is our view that high-level exchanges between the two countries are an important aspect and vehicle for our expanded cooperation”

 

Mr Saharia stated that CPICC is organising a Visit by high profile industrialists to Yunnan in August. The team will explore the investment & trade opportunities; take forward the Kolkata to Kunming initiative. Team will engage in taking advantage of the liberal FDI policies of India to attract investment from China,  advocate the benefits of locating  Industrial Park in Bengal as per the latest bilateral agreement. According to Mr Saharia each park may attract investment upt o US $10 bln. Team will also explore to take advantage of location of Yunnan as an Investment destination for Investment Park in view of huge scope of BCIM corridor.

 

Excellency Maoyi Zhou , Acting  Consul General  assured that Consulate will assist the visiting team with all facilities and arrangements for meeting highest authorities of Yunnan is already on its way.

 

China and India are important neighbours and the top two emerging markets in the world. China-India relations have moved beyond the bilateral scope and taken on global and strategic significance. China has all along regarded India as a natural cooperative partner whose development brings opportunities to China, and has viewed China-India relations as one of its diplomatic priorities. In this new century, the two sides have found a way to actively expand cooperation.

 

Mr Satish Jhunjhunwala, Committee Member:  Mr K K Agarwala, Treasurer: Mr R K Sipani, Seceretary  and Mr Rahul Verma Advisor amongst others were also present.