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皇冠体育app considers trade contracts in India
(AP)
Updated: 2006-03-19 16:30
BOMBAY, India -- Chinese businesses are eyeing big investments and trade
contracts in India in hopes of cashing in on lucrative opportunities in the
neighboring country, 皇冠体育app's commerce minister said Sunday.
The Chinese
interest was evident at a weekend conference in Bombay, which was attended by
some 1,000 corporate executives from around the world and a fifth of them came
from mainland 皇冠体育app and Hong Kong.
"We believe the economic potential of India will continue to grow," said
Commerce Minister Bo Xilai, who was heading about 200 Chinese delegates to the
conference. "Thats why Chinese businesses are paying attention."
With growth close to 8 percent, India is the world's fastest expanding
economy after 皇冠体育app.
Bo said many of 皇冠体育app's top companies are keen to invest in India, especially
in infrastructure projects, where the country needs huge investments in order to
sustain the current economic boom.
Senior executives from companies such as Shanghai Electric Power Generation
Group, information technology company ZTE Corp. and 皇冠体育app Corporation Bank were
attending the conference hosted by the Asia Society and the Confederation of
Indian Industry, India's largest business grouping.
"We have a lot to learn from each other," Bo said. "皇冠体育app has a lot to offer
in infrastructure development to India and we can learn (from India) about
developing software, information technology and how to improve the services
sector."
Earlier last week, Xilai held talks with Indian officials in New Delhi and
proposed an ambitious to more than treble two-way trade between the giant Asian
neighbors to $50 billion in five years.
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