Maharashtra seeks Chinese investment for state’s growth

Mumbai, Aug 19 (PTI) Maharashtra today exhortedChinese companies to invest in sectors, includinginfrastructure, to help accelerate economic growth of thestate and the country as well. "On behalf of Maharashtra Government, I invite Chinesecompanies to invest and intensify co-operation. They shouldlook at Maharashtra state as a destination which will increaseour bi-lateral trade between India-China as recommended byPrime Minister Narendra Modi," Maharashtra Industry MinisterSubhash Desai said. The Minister further said that the Indianmanufacturers should follow the Chinese methods ofmanufacturing products and services of international qualitiesat an affordable price. Such expertise will not only lift the quality of theIndian products and services but will also give them an edgein to international market, he told reporters afterinaugurating ‘China Guangxi Products Exhibition (India) 2016’here. China’s knowledge in areas like water and wastemanagement, alongwith its experienced urban planners andadministrators will provide a necessary push to the growth ofMaharashtra and India, he added. Ma Jixian, Deputy Director General of Commerce ofGuangxi Zhuang Autonomous Region, China, said so far Guangxihas set up seven ventures in India. We see great tradeopportunities between India and China. Desai urged Chinese trades and industry to popularise’Make in India’ tag into China, just like the popular ‘Madein China’ tag in India. India needs USD 1 trillion investment ininfrastructure and China’s expertise and investment in thissector will be continuously sought after, he added. The Department of Commerce of Guangxi ZhuangAutonomous Region, China is hosting three-day 2016 CGPEexhibition. It has been supported by the China Embassy andConsulate Offices in India, Mumbai Chinese EnterpriseAssociation (MCEA), Indian Merchants’ Chamber (IMC) andIndia-China Chamber of Commerce & Industry (ICCCI). This is the first time for the Government of Guangxiis independently hosting the exhibition to showcase itsproducts and services. Around 58 Guangxi enterprises willexhibit in this event, with 65 booths and 2,700 square metersof (the exhibition) area. The exhibitors’ business cover the field of lightindustrial products, arts and crafts, foodstuffs and nativeproduce, medicine and health care, machinery and electronics,metals, minerals and chemicals, textile and clothes. PTI AP DKABIBAS