150 Chinese CEOs to attend India's invest meet in Shanghai

Beijing: Over 150 CEOs of prominent Chinese companies would attend an investment and business seminar in China's financial capital Shanghai tomorrow focussing on potential business initiatives in India under the 'Make in India' campaign.

At the seminar, organised by the Indian Consulate in Shanghai in association with China Council for the Promotion of International Trade (CCPIT), officials of the Chinese companies who had successful experiences in India will make strong case for more Chinese investments into India, Consul General Prakash Gupta said.

"The officials of Chinese firms will narrate their successful experiences to convince the potential Chinese investors why India makes for good business sense at this point of time," Gupta said in a statement today. Chint Group Chairman Nan Cunhui who plans to invest nearly USD 2.5 billion in India in the power, renewable energy and smart city sector, will address the seminar.

CEOs of Huawei, Shanghai Electric and other leading Chinese companies who have had success stories in India will also address the potential investors, he said. President of New Development Bank K V Kamath would be providing the perspective of NDB during the seminar. Director General of Investment and Trade and Technology Promotion from Ministry of External Affairs Nagaraj Naidu will make a presentation on the latest investment guidelines for Chinese investors.

The key focus area where investments are lined up for Chinese companies at the event include smart cities, infrastructure project, power, renewable energy, highways, roads and urban transportation and railways.

During the event, investors from the these sectors will be provided details of projects that are available for investment across India from mid 2016 till end of 2018, with all contact points (including bidding etc) will be shared and their queries answered, Gupta said.

For facilitation of business links for those Chinese companies which would like to partner with Indian companies, a delegation of leading Indian companies would attend the event and participate in B2B meetings with Chinese counterparts, he said.