Consulate General of India, Shanghai jointly with Municipal Government of Yangzhou and Confederation of Indian Industry (CII) organized ‘‘India-China Business & Investment Seminar- Opportunities in IT, Engineering & Allied Sectors’’ on June 11, 2011 at Yangzhou, Jiangsu. The primary objective of the Seminar was to address Chinese companies interested in investing in India and to give an overview of FDI policy, basic tax and business laws, financing options etc. in India

Consul General Mrs. Riva Ganguly Das led a delegation of Indian companies & banks from the Eastern China Region to Yangzhou. Chief Representatives, CEOs & senior executives of Aditya Birla Group, BHEL, Elgi Equipments, ICICI Bank Ltd., Infosys, Jiangsu Sterlite Tongguang Fiber Co. Ltd., L & T, MphasiS, Mahindra Satyam, NIIT, PTC Global, State Bank of India, Tata Steel, Thermax, Wipro Infrastructure Engineering and CII were part of the delegation. 

The delegation was warmly received & hosted by Mr. Xie Zhengyi, Mayor of Yangzhou.  He conveyed the strong interest of the Yangzhou Municipal People’s Government in deepening cooperation in IT, Engineering & allied sectors with India.   Consul General expressed the hope that the Seminar will result in greater business links between Indian companies & financial institutions and Yangzhou based Chinese companies.

Consul General Mrs. Riva Ganguly Das & Indian delegation with Mayor of Yangzhou Mr. Xie Zhengyi & other officials.

In the opening address, Mr. Wen Daocai, Vice Mayor of Municipal Government of Yangzhou said that the joint initiative offered a unique opportunity to Yangzhou based companies to engage with Indian companies. He gave an overview of the Overseas Investment Policy of Yangzhou. He said the policy encourages suitable Chinese companies in “Going Global” by way of favourable policy, speedy approval and financial assistance.

Vice Mayor of Yangzhou addressing the India-China Business & Investment Seminar at Yangzhou on 11 January 2011

The Seminar in progress

Speaking at the event, Consul General said that with a combination of factors such as macro-economic stability, consistent growth, abundant skilled manpower, well-developed banking and judicial system, a vibrant capital market and its large scale investment absorption capacity, India offers attractive returns to prospective Chinese investors.With about a trillion dollars of investments expected in the Indian infrastructure sector in the next five–six years, there are a number of business opportunities for Chinese companies to invest in India, in infrastructure projects, dedicated freight corridors, subway lines and SEZs which are being created through Public Private Partnerships, said Mrs. Das.

The Seminar in progress

Senior consultants from Deloitte, Dezan Shira and State Bank of India made presentations on FDI policy of India and other related business laws and financial opportunities for investing in India. Senior representatives of Thermax & NIIT made presentations on ‘Engineering & Green Technology Sector’ & ‘IT Sector in India’ respectively.  A senior leader of YAPP Automotive Parts Co.  Ltd.  which has invested in India, shared their success story.

Mr. Olaf Griese, Regional Partner of Dezan Shira & Associates and Mr. Zheng giving presentation on ‘FDI Policies & Modes of Setting Operations in India’

Ms. Julie Zhang, Senior Manager of Deloitte Touche Tohmatsu CPA Ltd. giving presentation on ‘Basic Tax & Company Law Legislation in India’

Mr. Venkat Rao, Vice President of State Bank of India, China  along with Ms. Yang giving presentation on ‘Financing Options for Foreign Investors in India’

Mr. Prakash Menon, president of NIIT China along with Mr. Li giving presentation on ‘IT Sector in India’ at the Seminar

 Mr. Ashish Vaishnav, General Manager of Thermax (China) Ltd. along with Mr. Zhou giving presentation on ‘Engineering & Green Technology Sector in India’. 

Mr. Sun Yan, General Manager of YAPP Automotive Parts Co. Ltd. sharing their experience of investment in India 

Mr. E B Rajesh, Chief Representative of CII delivering Vote of Thanks at the Seminar along with Mr. Yuan, Marketing Officer of the Consulate 

The Seminar provided Indian and Chinese companies with a platform to forge new business alliances as well as promote two-way investments. Altogether 80 participants from more than 50 Yangzhou based companies, government officials and media representatives participated in the Seminar. One-on-one meetings between Indian and Yangzhou based companies were arranged. The delegation also visited the Yangzhou IT Park. 

 B-2-B meetings after the Seminar

B-2-B meetings after the Seminar