Mumbai: Bilateral trade between India and China presently at $70 billion can be doubled in five years and India’s exports can reach $30 billion with more access to Chinese markets.
China accounts for over 16 per cent of India’s imports and less than 4 per cent of India’s exports and India represents one of the fastest growing markets for Chinese goods said trade body CII.
Guangdong as a trillion-dollar economy and home to about 3,000 Indians is a preferred destination. Last year, the bilateral trade between Guangdong and India reached $14.4 billion, which stands 20 per cent of the total amount of the India-China bilateral trade.
Chinese investments are welcome in India’s Make in India campaign across sectors such as electronics, automotive, and engineering goods, among others.
