Jiangsu Province Attracts Investment from India

MUMBAI: Jiangsu Province is looking for investing in India in areas of logistics, electronics and pharma as Jiangsu is one of the birthplaces of traditional industries of China, and one of the important industrial base for textile, machine building, electronics, petrochemical and building materials; also it has very developed processing industries says Mr. Lia Qiang, Deputy Director, Jiangsu Economic & Information Technology Commission during the meeting with All India Association of Industries (AIAI).

He further said, Jiangsu Province industrial enterprises have reached 3.34 trillion yuan, with an increased by 8.3% over the last year and had topped the list nationwide. The industrial structure improved gradually. The new high-tech industry maintained rapid growth and yielded output value of 6.1 trillion yuan in 2015, increased by 7.6% over the last year, which seized 40.1% of industrial output value above scale. The sales revenue of emerging industries reached 4.5 trillion yuan, increased by 10.4% over the last year.

Mr. Qiang further added Jiangsu Province is accelerating the implementation of “Made in China 2025”. Concentrating on the general goal of to transform Jiangsu province into an advanced manufacturer leading in China and influential in the world, we focus on the plan of upgrading enterprises’ manufacturing equipment and the plan of increasing enterprises’ competitiveness by the Internet Plus Action, and push forward the supply-side structural reform of manufacturing industry.

Mr. Vijay Kalantri, President, AIAI said that India has USD 60 billion trade with China, China is our biggest trading partner. We look forward to co-operation and investment in the areas of electronic, logistics, pharma, etc.  Mr. Kalantri further added that with the ‘Ease of doing business’ and ‘Make in India Initiative’ there is a great opportunity for Chinese companies to invest in India in manufacturing and infrastructure projects.

The High level business delegation of comprising 10 people met officials of All India Association of Industries (AIAI).