INDIA: China trade to touch US$ 100 billion by 2015

The Union Minister for Commerce, Industry and Textiles Shri Anand Sharma has expressed confidence that India China are on course to achieve the bilateral trade target of US$ 100 billion by 2015. Trade between India and China has seen exponential growth in the last few years. As per the trade statistics of DGCI&S the total trade volume has gone up from US $ 2.3 billion in 2000-01 to US $ 59.62 billion in 2010-11 (April-March). The Minister met the Governor of Xinjiang province of China Mr Nur Baki here today. 

However, The Indian Minister raised the issue of Indian concern for the trade deficit. Trade deficit for the Indian side has increased from US $ 9.1 billion in 2006-07 to US $ 20.8 billion in 2010-11. A balanced trade is needed for long term, sustainable and harmonious development of economic cooperation between the two countries. Shri Sharma said that the area of drugs and pharmaceuticals is an important segment of our efforts to diversify our bilateral trade basket. Both sides need to work aggressively towards removing administrative bottlenecks and overly restrictive regulatory measures, in order to boost development of all round cooperation in this area. The Indian Minister also highlighted renewable energy where Chinese Government has fixed a target of 100 GW by 2020, as another area with great potential for export from Indian side. 

Both the leaders agreed that an Indian delegation should visit Xingjiang province for exploring the possibilities of promoting Indian products in handicrafts, handloom and films. 

Both the Minister also witnessed the signing of MoU between Government of Gujarat and TBEA (India) Private Limited. TBEA Energy (India) Private Limited is proposing a FDI investment of Indian Rs 500 crore during first phase of a three phase of a three phase 'TBEA Green Energy Park' Project with a projected total investment of Rs 2500 Crores. 

Send your News/Releases for publication to [email protected]
Added: November 7, 2011 Source: Agencies
Start script - 1534538589.5174 Start news id check - 1534538589.5174 After news id check - 1534538589.5177 After cookie_code - 1534538590.4051 Before news detail - 1534538590.4051 After news detail - 1534538590.4058 Start cat select - 1534538590.4059 After cat select - 1534538590.4061 before preg replace - 1534538590.4061 After preg replace - 1534538590.4062 Before tag engine - 1534538590.4062 After tag engine - 1534538590.41 Before mptt engine - 1534538590.4101 After mptt engine - 1534538590.4101 Before related engine - 1534538590.4101 After related engine - 1534538590.4123 Before update hits - 1534538590.4124 After update hits - 1534538590.4126 After update news_hits - 1534538590.4145 After mem_only_views - 1534538590.4145 -------------------------------------------------- Total Exec time:- 0.89720010757446
AddThis Social Bookmark Button   Tell a friendBookmark AddThis Feed Button
Related News:

Website design by InWiz • © - 2000-2018. Internet Wizards All rights reserved. About usTerms & ConditionsDisclaimerPrivacy policy • 17-08-2018