Chinese SME bigwigs on mission investment

A 25-member high-powered business delegation led by Liu Shijie, director, Shenyang Economic Zone, Liaoning Province, China, visited India on Friday with a view to assess investment opportunities for Chinese companies in India.

In this connection, FICCI in partnership with the Ark of China, organised the India-China (Liaoning) Business Conference at Federation of Indian Chambers of Commerce and Industry (FICCI), in New Delhi.

Speaking on the occasion Mark Shujun Ma, chairman, ArK of China, which comprises 70 million SMEs, said that Asia needs cooperation between China and India. Ma, who first visited India in 1991, has visited the country several times.

He said that SMEs of India and China should come together.

He said that three Indian states would be selected by the Ark of China for investment and industrial clusters. "India will be the first priority of Ark of China," he added.

Ark of China is supported by Liaoning Province in China.

The conference was attended by representatives of Liaoning Province, Shenyang City and nine Chinese companies to explore opportunities for investment in India. Liaoning Province is situated on Northeast part of China and is a heavy Industrial province, which is growing at 24 per cent in comparison to other provinces in China.

Shenyang is the capital of the province and is an important Industrial centre in China with the focus on heavy industry.

Several MoUs between Indian and Chinese companies in e-commerce, consultancy, animal feedstock, waste management and tourism infrastructure generating business worth $100 million is likely to be signed during the ongoing visit.

The business meet was addressed by Chinese and Indian corporate honchos who exchange ideas on how the two countries can further widen and deepen their economic engagement.