Touching upon other areas of mutual cooperation Dr. Youfa said a precondition to economic progress is infrastructural development. The Indian economy intends to invest US$ 1 trillion in its infrastructural sector. Chinese entrepreneurs must explore investments in this sector. Also, cooperation in the areas of capital market investments, modern agriculture, tourism, education, etc may be explored.Addressing the question on the trade imbalance Mr. David Sinate, Chief General Manger, Export-Import Bank of India said the Export-Import Bank of India study explored the import demand in China vis-à-vis India’s export capability. The identified potential tradeable goods for Indian exports are electrical and electronic equipments, fuels, machinery, medical instruments, transport vehicles, plastics, pharmaceutical products, inorganic chemicals, etc.
Mr. Arun Sehgal, President, Chempro Group and and Mr. Haresh Advani, CEO, Basant Enterprise shared their business and working experiences with China.Earlier, in his welcome remarks Mr. Vijay Kalantri, Vice-Chairman, MVIRDC World Trade Center and President, All India Association of Industries said trade and economic relationships between India and China have shown rapid progress in the last few years. The bilateral trade worth US$ 3 billion in the year 2000 has crossed US$ 65.8 billion in 2012-13. However, the issue of trade imbalance in favour of China lingers. It may be addressed through cross border capital flight and diversifying areas of mutual cooperation to services, tourism, medicine and education, Mr. Kalantri added.