World Economy

China SMEs Plan India Ventures

China SMEs Plan India VenturesChina SMEs Plan India Ventures

Hoping to give a leg up to the Chinese investments in India, small and medium-sized enterprises from China are planning to invest $1 billion across various states in sectors ranging from telecommunications to electrical equipment to appliance manufacturing and machinery as part of President Xi Jinping’s announcement in 2014 of investing $20 billion in India in five years, PTI reported. While there was a decline of Chinese investments in India in 2015, Beijing is hoping to increase the quantum of its foreign direct investment in India in the current year to boost economic partnership, notwithstanding differences over strategic issues including Pak-based terror.