- India will be more transparent to create investment environment for foreign firms
- The land mark will be the Chinese industrial parks in India which will turn out be an immense scope not only in manufacturing but in many areas as well
- Union Commerce and Industry Minister Nirmala Sitharaman ahead trade talks with her counterpart Gao Hucheng said that When we are inviting investment we cannot be sitting on a ton load of bureaucratic difficulty,” she said. “We are inviting investment with the sense that ease of business is important.”
- Through industrial parks would make the road clear for narrowing the record trade deficit which ballooned to $31 billion last year, when bilateral trade declined from a high of $ 73 billion in 2011 to $ 65 billion
- India is looking at a better platform for jobs and not growth devoid of jobs the India’s openness conveying to Chinese investments
- Union Commerce and Industry Ministry has stressed the need of greater market access for Indian goods and services, from gems and jewellery and grey cotton fabrics to IT and pharmaceuticals
- Conversation that has gone by Indian companies and Commerce Minister that unwieldy regulations and trade barriers were blocking their entry
- By connecting the cords with China a long term association on operations going abroad, funding, hand holding are the aspects on which India will spend more time
- Read at: http://www.thehindu.com/todays-paper/open-for-business-india-tells-china/article6161293.ece
- http://www.thehindu.com/todays-paper/tp-national/investment-hurdles-will-go-nirmala-tells-china/article6161308.ece
Exams Perspective:
- India China Bilateral Relations
- Non Tariff Barriers
- Generic Medicines
- Good Governance