The Indian Consulate in Shanghai in partnership with the office of Ernst & Young in Shanghai hosted an event today to launch the “EY India Attractiveness Survey – 2015”. The event was attended by around 60 members representing Chinese enterprises, Law & Consultant Firms and local business chambers.

Consul General Shri Prakash Gupta in his inaugural address briefed the Chinese entrepreneurs on the initiatives launched by the Government of India and the efforts made to ease the process of doing business in India. He enumerated the recent changes in the FDI policy, business-friendly policies and also highlighted the business opportunities as available in some of the prominent sectors.

Consul General joined Mr. Pan Song, Managing Director of Fosun Group and the EY representatives for a panel discussion focussing on the advantages of India and the potential business opportunities under the “Make in India” campaign,. The panel deliberated on topics like “response of investors to the series of reforms”, “key drivers to attract business/investment to India”, “the trend of Chinese FDI into India”, “expectation of Chinese investors from Indian government’ etc. Consul General addressed each of the issues raised by the panel members and encouraged Chinese investors to join in the Make in India Week to be held in Mumbai from 13 – 16 February 2016. The discussions also focussed upon the ongoing Skill India and Digital India initiatives.

Mr. Akhil Sambhar, Partner, EY India made a detailed presentation highlighting the liberalized FDI policies, the tax & regulatory framework for investment into India, the incentives that Government of India and provincial governments offer and the potential avenues of cooperation

Enclosure: Soft copy of the “India Attractiveness Survey”

Shanghai

7 December 2015