Business Other News 17 Nov 2016 Indo-China trade may ...

Indo-China trade may touch $70 billion: CII

DECCAN CHRONICLE.
Published Nov 17, 2016, 1:23 am IST
Updated Nov 19, 2016, 2:37 am IST
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.
  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.

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.

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