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Forum to enhance Sino-India trade cooperation

(chinadaily.com.cn)
Updated: 2008-11-06 17:26

The US real estate market and subprime mortgage crisis has caused slowdown of China economy this year. Meanwhile, manufacture industry is also facing an increasing cost and decreasing domestic needs, which force a great number of manufacture enterprises to seek for new market, and India poses an attractive one for many.

China is the largest trade partner of India. Statistics from the Ministry of Commerce show that Sino-India bilateral trade volume has reached $38.6 billion last year, 56 percent higher than that of the same period in 2006. India is the 10th top trade partner of China and its growth of trade volume ranks No 1 among China's main trade partners.

With the improvement of bilateral political relationship, India government is taking more proactive measures to attract overseas investment. India market attracts Chinese manufacture enterprises with its great potential and opportunities.

With this background, Ringier Trade Publishing Ltd will present 4th Doing Business with India Forum in Guangzhou, 9th-10th December, 2008, providing a communication platform for enterprises from the two countries.

Michael Evans-Freke, Project Manager of Doing Business with India Forum 2008, says: "I was happy to relinquish my previous role as director of Studies and Lecturer at Tsinghua University, because I believed in the immense potential of this event as a key driver of China-India trade and investment. Engagement at all levels from large corporate enterprises to the SME sector will leverage the complementary strengths of each country and accelerate the emergence of China and India as the two economic superpowers of Asia. "

"In these turbulent times for world trade, it is my firm belief that the fast developing China-India trade and investment axis will be a vital motor for maintaining the growth momentum of the Asian economies and counteracting an economic slowdown in the West," said the manager.

Following the success of the past three sessions of the India forum, Ringier is now with various resources and precious experience. Feedback of the readers of Ringier's industrial magazines shows that a large number of manufacture enterprises express their great interest and passion for India market.

Confederation of Indian Industry (CII), the most authoritative industrial association of India, as well as China Council for the Promotion of International Trade (CCPIT) supported past forums with speakers sharing information of India's investment environment and policies.

Based on past experience, Ringier will invite government representatives and experts from authoritative institutions to share the information of Indian commercial culture, latest overseas policies and risks from the aspects of government and enterprises.

A full range of professional advisers in the areas of logistics, law, taxation, banking and human resources will also facilitate export to India. Leading companies as well as middle-sized enterprises that have set their steps successfully in Indian market will also share their experience. At the same time India enterprises will bring first-hand information of Indian industrial circumstances.

Former director and chief representative of the Confederation of Indian Industry (CII), China Office, had made a speech titled "Strategic Partnership between SMEs in China & India" during India Forum 2007. In his speech, he said in the developed economies of the Western world, SMEs account for a high percentage of GDP, exports and employment. Less visible but equally significant, they account for much of the innovation in new products, new materials and new processes. So there are immense synergies, of benefit to both countries, if SMEs of both sides can establish links across borders and leverage their respective strengths for mutual gain.