India China Bilateral Trade has tremendous potential for growth: Consul General Zha Liyou
China is back to normal after the pandemic and opens for business declared by His Excellency Mr Zha Liyou, Chinese Consul General in Kolkata.
Consul General Zha Liyou was addressing a Special session on ” India – China Relations: Bilateral and Regional context ” organised by one of the oldest chambers of commerce in India, Calcutta Chamber of Commerce (established in 1830 )on Wednesday 15th June 2022 in Kolkata.
Addressing the members of the Calcutta Chamber of Commerce and members of the business community, Consul General Zha Liyou emphasised that there exists a great potential to expand bilateral trade between India and China in the post-Covid pandemic. He said that like India, China believes in universal values and is consistent with its values. Even during the pandemic trade between India and China continued and efforts were made to fulfil all commitments by China despite large-scale challenges, including the supply of emergency medical equipment like oxygen concentrators to West Bengal to make an effort to save lives during the pandemic.
Zha Liyou emphasised that there is scope for an increase in bilateral trade between the eastern states of India & China in upcoming times. He mentioned that one Chinese company signed MOU during the Bengal Business Global Summit 2022 to set up business in West Bengal.
Zha Liyou mentioned four key points to boost trade between India and China.
Zha Liyou said “Trade and investment are mutually transferable, especially for both India and China who have both huge domestic markets and international markets. Consistent and continuous trade will follow more investment. “
The Consul General said ” Foreign Direct Investment from China to India can increase manyfold if ease of doing business and investors friendly investment policies are developed by the state and central governments.
The Chinese Consul General said ” Commodities from China and Made in China products have a good market in India which include high-quality infrastructure development technologies, products and services. China can provide high-quality products and services at a reasonable price.”
Zha Liyou said “there exists great scope to promote Indian tourist destinations to Chinese tourists who are high spending tourists. China has the largest Buddhist population in the world along with 33,000 Buddhist monasteries. However, to attract Chinese tourists to India infrastructure in Buddhist pilgrimages centres need to be upgraded to high-quality international standards as well as both surface and air transportation systems to these tourist places to be qualitatively upgraded for quicker movement of tourists from place to place cities to cities. ”
Earlier, Ms Shailja Mehta, President of Calcutta Chamber of Commerce in her welcome address mentioned two-way trade between India and China is making great contributions to the global economy as both nations are emerging as economic powerhouses of the world economy.
The Chinese Consul General talked about his visit & positive experience with all the Buddhist population villages of Maniabandha in Odisha. Zha Liyou, also, mentioned his visit to the women’s skill training centre in Lalitgiri village in Odisha.
The special session concluded with the call “Let us work together to boost trade & investment for a healthy India-China Relationship”
Source: News Mania Desk
