China looks at trade worth Rs 50,000 Crore With India Within 5 Years

Mumbai, Thursday, 10th December 2009: Speaking on the sidelines of the biggest platform for Indian and Chinese entrepreneurs to interact with each other, namely the “7th China Products (Mumbai India) Exhibition” Mr.Wang Donghua, Consul General of the People’s Republic of China said that Chinese companies are looking at sourcing exhibitions as a gateway to enter into deals, joint ventures and signing of major contracts with Indian companies. Sourcing exhibitions give the Chinese companies the opportunity to have a one-on-one contact with Indian entrepreneurs, added Mr Donghua. At current growth levels, the bilateral trade between China and India is expected to cross US $100 billion within the next five years.

The exhibition is being held in Mumbai, India for the Seventh time from 10th Dec – 12th Dec 09. The 3 day event – which saw 40,000 visitors from across Asia the previous year – is likely to result in business deals worth about Rs 100 crore this year.

China is aggressively pursuing partnerships and business plans with India as the two countries are expected to dominate world trade in the years to come. Reflecting this optimism, the current trade show has recorded a massive jump in the number of booths to a record high of over 260 covering an extensive range of products across a wide section of industries like building, construction and interiors, cosmetic and beauty products, diesel engines and diesel generator sets, electrical appliances, electronics, fabrics and garments, food and beverages, gifts and toys, glassware, handicrafts, hardware and tools, health and hygiene, home appliances, industrial products, sanitary ware, stationery, water pumps etc.

The trade show is being organized by the China Council for the Promotion of International Trade (CCPIT), Sub-councils of Commercial Industry, Guangdong, Ningbo and Hangzhou. The Exhibition is supported by the All India Association of Industries (AIAI) and the India-China Chamber of Commerce and Industries (ICCCI). Managing the event are Worldex India and Worldex China. For further details please contact Mr Rampat on +91 9819567106 or log onto www.chinamumbaiexpo.com.

Source : Equity Bulls

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