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The Chinese Ambassador to India, Mr Zhang Yan, on Friday said that a favourable policy environment would attract Chinese investments to India.
“Lot of investors are waiting in line to invest in India. If the conditions are favourable and policy is stable then they will certainly look at investments,” Mr Zhang Yan told newspersons on the sidelines of a special session organised by the Bharat Chamber of Commerce here of Friday.
Though infrastructure was not a bottleneck in so far as trade is concerned, however, it could have some impact on investments. “Politically, investors want a stable policy and should get a good environment for doing business,” he said.
Bilateral Trade
Bilateral trade between India and China grew by about 20 per cent to $73.9 billion in 2011 compared with $61.74 billion in 2010, said Mr Ashok Aikat, president, Bharat Chamber.
During the same period, India's exports to China increased by 12 per cent to $23.4 billion, while its imports from China rose by 41 per cent to $50.49 billion.
According to Mr Yan, the trade between the two countries is set to touch $100 billion by 2015. “Against the backdrop of an unstable world economy, China and India's bilateral co-operation has been steadily growing. This is due to the solid fundamentals of both these countries,” he said.
The trade between the two countries is likely to achieve impressive results even in 2012, thereby contributing to the recovery and sustained growth of world economy, he pointed out.
India and China should also expand the scope of trade by focusing on newer areas for co-operation. “More products should be added from the Indian side. Finance and education could be the some of the key areas of focus for both countries,” he said.
A number of Chinese banks have shown interest in establishing their presence in India, he said.
Agriculture, tourism, infrastructure, education and power could be some of the key areas of co-operation between China and West Bengal, Mr Yan said.
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