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China is India's biggest trading partner, though it is heavily tilted in China's favour. China understands that real long term trade between the two nations must have some balance, and thus China will help Indian exports into the country.
By setting up Industrial parks China can teach India draw up valuable experience in this area.
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China may match Japan's investments during Xi Jinping's visit
By Saibal Dasgupta of the Times of India.
Acutely aware of the growing India-Japan linkage, China on Tuesday indicated it was ready to pull out several stops to substantially enlarge its investments in India. Chinese President Xi Jinping, who is visiting New Delhi later this month, is likely to match Japan's recent offer of investments.
"When President Xi visits India, you can expect a sense of camaraderie and the kind of friendship which will bring a complete change in the manner the two neighbors are engaged," said Nirmala Sitharaman, minister of state for commerce and industry, after day-long meetings with Chinese officials led by her Chinese counterpart Gao Hucheng.
Chinese officials did not mention Prime Minister Narendra Modi's visit to Japan during their discussions with the Indian minister. But given China's business and political rivalries with Japan, it is most likely that Beijing's enthusiasm to Sitharaman's suggestions was influenced by talks between Modi and Japanese Prime Minister Shinzo Abe.
"They
also want to make a good success of President Xi's visit. They are
working to have some good decisions announced during the Xi visit,"
Sitharaman said. She expected some major investment decisions concerning
the agreement on industrial parks signed in June.
One possible area could be railway infrastructure, though it may not be in bullet trains, Sitharaman told reporters in Beijing. Japan has already agreed to assist India in introducing bullet trains.
One possible area could be railway infrastructure, though it may not be in bullet trains, Sitharaman told reporters in Beijing. Japan has already agreed to assist India in introducing bullet trains.
(Bullet trains have symbolic value for many developing nations....in that sense it would be good if India worked with Chinese systems in this area, for investment in the country.....especially the Meglev systems)
"Issues are no longer being debated. These are now reaching a stage where resolutions are most likely," Sitharaman said. Chinese commerce minister was very receptive to India's concerns about market entry problems of Indian pharmaceutical and information technology industries.
Chinese teams have already visited a few states including Gujarat, Maharashtra, probably Madhya Pradesh, and "one of the southern states" to finalize their investment plans for industrial parks, she said.
The Indian minister was pleasantly surprised to hear her Chinese counterpart express deep understanding over India's recent stand at the World Trade Organization although China took a different stance.
"It's gratifying to know that Chinese understand the difficulties that we expressed," she said.
"Issues are no longer being debated. These are now reaching a stage where resolutions are most likely," Sitharaman said. Chinese commerce minister was very receptive to India's concerns about market entry problems of Indian pharmaceutical and information technology industries.
Chinese teams have already visited a few states including Gujarat, Maharashtra, probably Madhya Pradesh, and "one of the southern states" to finalize their investment plans for industrial parks, she said.
The Indian minister was pleasantly surprised to hear her Chinese counterpart express deep understanding over India's recent stand at the World Trade Organization although China took a different stance.
"It's gratifying to know that Chinese understand the difficulties that we expressed," she said.
