China pitches for Indian investment in Greater Bay Area

PTI | Mumbai | Updated: 07-06-2019 17:59 IST | Created: 07-06-2019 17:45 IST
China pitches for Indian investment in Greater Bay Area
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  • Country:
  • China
  • India

China Friday called for greater economic cooperation between the two countries and invited Indian firms to explore investment opportunities in the Greater Bay Area of China. "Greater Bay Area is among the most promising economic area and a hot destination for investment. Many multinational firms have already invested in the region and we invite India to explore and exploit trade opportunities there," Chinese Communist Party leader, Li Xi said.

The Guangdong-Hong Kong-Macau Greater Bay Area of China is commonly referred to as the Greater Bay Area (GBA). While addressing "2019 China (Guangdong)-India (Gujarat) Economic and Trade Cooperation Conference here Xi said, "India has become our largest trade partner in South Asia and we are making efforts to further develop this trade." Greater Bay Area would also like to contribute in the development of New India, he added.

The Conference was organized by FICCI to boost economic cooperation between the two countries, especially between Gujarat and the Chinese province of Guangdong. Many Chinese firms have made their base in Gujarat during the last few years.

'China Association of Small and Medium Enterprises (CASME)' has also shown interest in buying 200 acres of land at Sachana village near Ahmedabad to set up various industries, 'iNDEXTb' Managing Director Rajkumar Beniwal said. Top representatives of around 40 Chinese firms took part in the event. The Chinese delegation is also visiting GIFT City near Gandhinagar to explore investment opportunities, says government official.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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