外文标题：Chinese team to visit India to finalize industrial parks
BEIJING: A high-level Chinese delegation will visit India this month to finalize plans for multibillion-dollar investments in Industrial Parks as the official media here highlighted Prime Minister Narendra Modi’s call to global business community to invest in India.
‘Modi urges world to manufacture in India,’ state-run Xinhua news agency headlined its report highlighting Modi’s call at the Red Fort on Friday to “come, make in India. Sell anywhere, but manufacture here. We have the skill and the talent.”
Modi also reiterated his pre-poll promise of creating jobs and attracting investment, saying his priority would be “people, private partnership,” the report said.
An 18-member delegation comprising top Chinese investors and industrialists are scheduled to head to India on August 18 to make a final visit to some of the sites offered to set up Chinese Industrial Parks, officials told here.
The delegation would visit Delhi, Gujarat and Mumbai.
India and China have already signed MoU which outlined the work to set up four such industrial parks to rebalance the ballooning trade-deficit averaging over $35 billion a year.
The Chinese investments in the Parks were expected to be announced during the visit of Chinese President Xi Jinping to India next month.
India has long wanted a greater market access to cut the deficit, and pushing through a firm agreement to bring Chinese investment into India would signal the intent of Modi’s push to expand manufacturing and revive the country’s economy.
Previous efforts to set up such parks have stalled, partly because of security concerns about Chinese companies.
The India-China bilateral trade totalled %65.47 billion last year.
However, current Chinese investments in India stands at $1.1 billion, mostly in Gujarat, according to officials here.
China hopes to make a big investment in one of the Parks to start with.
Security threat (China)
Better to invite japanese snd european companies. China is a big security threat
Manohar Menghani (Los Angeles)
This should help as the cost of manufacturing in China today is about 3$/hr compared to about 2.70/hr in Mexico just south of US. So if India has a chaeper labor along with PRODUCTIVITY then why not?
KIM D ()
Shall be great for both nation !! Wish you good luck
It is difficult to understand why Chinese should help India to become its own competitor. It makes more sense to ask western companies to set manufacturing facilities in India as an alternative to China. As consumer electronics is one major segment of India’s import, such industries should get maximum tariff protection within the WTO rules though it may hurt the Indian consumers.
Farook Shariff (Unknown)
The Chinese industrial parks establishment in India will generate more employment ,India has a great talent and skills ,instead of going abroad the talented persons can utilise this opportunity.
Mera Desh (Bharat)
If communism lasts the next fifty years in China and they are working at it by the sound of it, I believe this high level invasion by the Chinese business Specialists to create Industrial Parks seems an initial step to take over India. Remember East India Company a few hundred years ago? They too came just for business in spices and it took 400 years? to get rid of them? Some nations never learn.
chinese are not born inteligent and wealthy. they made big by american investments and now its our time to make some bucks
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CHAITANYA STHALEKAR ()
First we had the western capitalist model,then a Soviet one and now it seems a Chinese one….! When do we get our own progressive one without limitless profit?
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Godfather Senior (Unknown)
China invest in India for providing IT Parks in millions; Indians visit overseas for parking their ill-gotten funds in billions!! See the difference in the Park & parking!
Capital King (Location)
Dragon visiting, Hope our charmer can handle it better…
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