Senior Correspondent, IndianRetailer.com & Retailer Magazine Aug 28, 2014 / 4 MIN READ
The trade deficit with China stands at USD 36.21 billion in 2013-14. This can be reduced to sustainable levels through more exports from India to China as well as China investing in building manufacturing capacities in India, Assocham said.
According to an Assocham study, China ranks 31st among countries contributing foreign direct investment (FDI) to India. FDI inflows from China to India currently stand at USD 0.575 billion while those from India to China reached USD 0.898 billion.
Bilateral trade between India and China reached USD 75.5 billion in 2011-12 with trade deficit of about USD 40 billion.
"India and China will identify the business opportunities in the small and medium enterprises (SMEs) segment across wide range of sectors from agricultural products to textiles and machinery," Assocham Secretary General D S Rawat said.
The MoU was signed by Rawat and Wu Xiaochun, Director General of SME Bureau China here.
Opens first store in Pune.
Welcoming, the nod to higher FDI in defence and opening up the railways infrastructure sector, India Inc on Thursday said the move reflects the Narendra Modi-led government\'s resolve to usher in economic reforms.
Mswipe will use the funds to develop the largest network of merchants accepting digital payments in the country
West Bengal Small Industries Development Corporation (WBSIDC), under the micro, small and medium enterprises (MSME) and textiles department is developing it.
Copyright © 2009 - 2024 Franchise India Holdings Ltd