India-China hold JWG meet on setting up

Industrial Parks in India

Two meetings of the Joint Working Group, (JWG) have
already taken place with the last one being held in
February 2016.
By: PTI | Published:November 2, 2016 9:32 pm
The joint group was set up as pat of MOU to promote Chinese investment and setting up of
Chinese industrial parks in India signed in Beijing during the visit of Vice President Hamid
Ansari in 2014.

India and China on Wednesday held the third meeting of the Joint Working Group here to
explore ways to encourage investment in setting up industrial parks in India under the Make
in India initiative. The Indian delegation was led by Ravneet Kaur, Joint Secretary,
Department of Industrial Policy and Promotion, Ministry of Commerce and Industry while
the Chinese delegation was headed by Li Shaotong, Deputy Director General, Department of
Outward Investment, Ministry of Commerce & Industry, an Indian Embassy press release
said.

The Indian delegation also called on Vice Minister of Commerce, Gao Yan. The joint group
was set up as pat of MOU to promote Chinese investment and setting up of Chinese industrial
parks in India signed in Beijing during the visit of Vice President Hamid Ansari in 2014.

Two meetings of the Joint Working Group, (JWG) have already taken place with the last one
being held in February 2016. The third Joint Working Group Meeting on Cooperation on
Industrial Parks focused on enhancing cooperation in Industrial Parks with Chinese
investment in India.

During todays meeting presentations were made on investment opportunities available under
Make in India and the Delhi-Mumbai Industrial Corridor, the press release said. The JWG
assessed progress made in existing and proposed Chinese investment projects and explored
further steps to encourage more investment in setting up industrial parks in India.

India has been scouting for Chinese investments in Make in India programme, including in
the industrial parks. After the meeting, the Indian delegation also visited the China Fortune
Land Development Industrial Park in Guan, Hebei Province later in the day.
India plans to set up IT, pharma industrial
parks in China
Virendra Pandit
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Ahmedabad, June 26:

India has proposed to set up industrial parks in China, mainly in pharmaceutical and
information technology (IT) sectors.

The Union Government, which gave an in-principle approval to the signing of an MoU at its
meeting in New Delhi on Wednesday, with regard to the setting up of Chinese industrial parks
in India, has made this proposal to Beijing, Jagat Shah, Interim Secretary-General, China
India Trade and Investment Centre (CITIC), told Business Line here on Thursday.

Earlier, the two sides had identified five states where Chinese industrial parks would be set
up in India namely Uttar Pradesh, Andhra Pradesh, Gujarat, Maharashtra and Karnataka.

The idea is that the Chinese could set up their industrial parks in India in areas of their
strengths. Similarly, India could set up industrial parks in China in areas like IT and
pharmaceuticals, he said.

Industrial park

Earlier this month, a 20-member Chinese business-cum-investor delegation had short-listed

three locations near Sanand in Ahmedabad district to set up their units in an industrial park
with an initial investment of $1 billion. They are likely to meet the Gujarat Government again
for finalisation of the proposal.

Shah said Wei Wei, Chinas Ambassador to India, who arrived here on Thursday, is set to
meet Gujarat Chief Minister Anandiben Patel later in the day.

China is interested in investing in India especially in automotive, electronics, agro-

processing, tourism and manufacturing and will participate in setting up of the industrial
parks in the country. It has emerged as India's biggest trading partner in the current fiscal
replacing the UAE and pushing it to the third spot.

India-China trade

India-China trade has reached $49.5 billion with 8.7 per cent share in India's total trade, while
the US comes second at $46 billion with 8.1 per cent share and the UAE third at $45.4 billion
with 8 per cent share during the first nine months of the current fiscal of China, which
commenced in September 2013.
The NDA Government believes the move will help address India's widening trade deficit with
China, which has led to the government pushing China to source more products from here,
Shah said.

This was a long pending demand to strengthen India China trade and investment ties which
has now been fulfilled by the new government. In return, the Chinese Government may agree
to allow India to set up industrial parks there in China.

Gujarat has become a favoured destination for industrial investments after the then Gujarat
Chief Minister Narendra Modis visit to China in 2011. Modi, now the Indian PM, is likely to
meet Chinese President Xi Jinping on the sidelines of the BRICS summit in Brazil next
month.