30 Chinese firms to take part in Bengal business summit

Our Bureau Kolkata | Updated on January 09, 2018 Published on January 09, 2018

Ma Zhanwu, Consul General of China DEBASHISH BHADURI

As many as 30 Chinese companies will participate in the Bengal Global Business Summit (BGBS) to be held on January 16 and 17.

According to Ma Zhanwu, Consul General of China in Kolkata, 10 companies will be visiting India for the first time to explore business opportunities; while the remaining 20 have ongoing projects.

“Bengal means business for these companies. They will look forward to hearing from the Chief Minister and the state government on new policy initiatives at the BGBS,” Zhanwu said at a press conference here on Tuesday.

China would look to build strong trade and business ties with eastern India and West Bengal in particular.

Belt and Road Initiative

The Belt and Road Initiative (BRI) and the Bangladesh, China, India and Myanmar (BCIM) corridor would help in supporting this effort.

Automobile manufacturing, textiles, electronics, construction and engineering are some of the areas that these companies would be interested.

China aims to invest $200 billion abroad every year and this year, it would aim to utilise BGBS and other opportunities towards fulfilling that goal, he said.

According to him, good political relations between India and China would contribute towards strengthening of economic ties.

Free trade pact talks

“China and India relations are at important juncture and we look forward to faster growth of political and economic ties between the two countries,” he said.

The Chinese Consul General was also hopeful of seeing ‘some progress’ on the discussion of signing of Free Trade Agreement between the two countries. Chinese companies would look for sound and stable bilateral relationship between the two countries.

“It will contribute in increased confidence of Chinese businesses in India and Bengal,” he said.

Ease of doing business

According to him, Bengal has been improving in terms of ease of doing business. “In the past, one would complain about not having access to officials but that is changing now. They (state government) want more businesses here so that the state can achieve more development,” he said.

China imports Darjeeling tea, jute, seafood, handicrafts and garments from Bengal.

Published on January 09, 2018
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