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China curious to execute infrastructure projects

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As per the sources available with www.propertykhazana.com, Chinese Companies has got a good chance to take part in the ventures called by the Indian Govt. and in the meantime China was given the clearance and has proposed to invest $1 Trillion on infrastructure ventures in the coming years. Wang Xuefeng Minister at the Embassy of China in India said that, “In producing and in transportation building, Country has many competitive advantages. Indian Govt. proposes to invest $1 Trillion on Transportation ventures gives good possibilities for the Chinese companies to take part.” At the roundtable meeting ‘India China Economy Co-operation: Win Win Situation’ organized by the Associated Chambers of Commerce and Industry of India (ASSOCHAM). In the previous 3 years, Chinese enterprises have executed Indian Infrastructural ventures with a total price of $10 Billion. Two-way investment is also viewing a thriving style and China’s ever-growing market also means vast space for Indian companies. Already China has raced out the US, Britain and Japan to become India’s leading trade co-worker. Trade among the world’s most crowded nations with 2.5 Billion people leaped 20-fold from $2.9 billion in 2000 to over $60 billion in 2010. It is expecting to cross $70 billion this year and reaches to $100 billion in the coming 4 years.
Dr. Subramaniam Swamy president of the Janata Party who did a research on Chinese economy at Harvard University said that, “India and China must know the balancing in manufacturing, services, banking and finance, energy and so on. Hydrogen fuel units have a huge future and can decrease dependence on Hydrocarbons. And we have to produce an environment of negotiated payment as steady economic cooperation needs entire political understanding.” The source also claims at www.propertykhazana.com that China is the world’s 2nd largest economy with a GDP of $5.6 trillion in 2010 after US; it is rising at 10% in the previous 5 years. In terms of buying power equality India is the 4th largest economy and trying to become the 3rd by 2040. Indian exports to China leaped $68.8%-$19.6% billion in 2010-11 from $11.6 billion in last year and the import also raised from $41% to $43.5 billion from $30.8 billion in the similar span. Indian exports include Metals, Ores, Iron and Steel and Cotton and imports Electrical Machinery and Equipment, Nuclear Reactors and Boilers, Organic Chemicals, Fertilizers and Iron and Steel.
Source: NIMMA BENGALURU

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