Highlighting the areas of cooperation between Gansu and India, Mr. Qizhu mentioned that there is good scope for collaborations in the areas of agriculture and food products though our respective enterprises. Gansu province has made excellent strides in the sectors of wind power and solar power with 58 wind power stations and 1 solar power station contributing 40 million units to the energy sector in the region. India is placing considerable importance to the sector of new energy and we look forward to cooperation with India in the new energy area. Mr. Qizhu opined that setting up of new energy companies in India would be viable and cost effective.
Further, there are good opportunities for cooperation in the steel and furniture sector and Gansu is a leading importer of iron ore from India. Mr. Qizhu was hopeful of doing greater business with India from this year and he mentioned that Gansu based enterprise is already engaged in Mumbai’s construction sector.
Earlier, in his welcome address Mr. Vijay Kalantri, Vice Chairman, MVIRDC World Trade Center and President, All India Association of Industries mentioned that India and China trade has crossed US$ 60 billion and trade balance is in favour of China. India and China together constitute 40% of world GDP. India at present imports a large number of commodities from China from various sectors. Mr. Kalantri said that in the emerging scenario countries are looking at India and this is an opportune moment for China to engage with India. India has pronounced ‘Make in India’ and China should create a hub of manufacturing and investments in India to take advantage of India’s cost competitiveness. China has already committed US$ 7 billion worth of investments in India and time is ripe for India and Gansu to explore investment opportunities in various sectors.
Capt. Somesh Batra, Vice Chairman, MVIRDC World Trade Center highlighted that India has young population with excellence in the software sector while China has built competencies in the hardware sector. Thus both India and Gansu can work together in IT sector and together attract a lot of global business. Mr. Batra said that joint ventures between both our countries can bring down costs for both sides. Mr. Batra also suggested cooperation between India and Gansu in the sectors of green technology, sustainable development, solar development, water resources, infrastructure, ports and power. In addition to agriculture, both sides can work together in the areas of waste management, clean environment, food technology, food preservation and warehousing. Mr. Batra assured that MVIRDC World Trade Center and All India Association of Industries can find suitable partners for India and Gansu to work together.
The meeting concluded with the signing of Memorandum of Understanding between China Council for the Promotion of International Trade, Gansu Provincial Committee and MVIRDC World Trade Center and another between China Council for the Promotion of International Trade, Gansu Provincial Committee and All India Association of Industries.
Mr. Y.R Warerkar, Executive Director, MVIRDC World Trade Center proposed the vote of thanks. The meeting was followed by B2B interactions between the Gansu delegation members, WTC Mumbai members and AIAI members.