October 23, 2015 In a bid to further increase bilateral trade between India and China, a large Chinese business delegation comprising 600 leading textile and other manufacturers and traders is headed for a three-day business trip to India in December.
The Chinese manufacturers and traders are expected to interact with more than 25,000 Indian traders/captains of Indian industry during the trip, according to Ashish Gupta, Secretary of India Tech Foundation, a leading facilitator of the event.
The Chinese delegation which also includes manufacturers and traders in electronics, LEDs furniture, is scheduled to visit Ahmedabad, Mumbai, Indore, Nagpur and Pune during the visit in mid-December, Gupta said in a press release.
Bilateral trade between India and China has grown manifold in the recent times and India has emerged as seventh largest export destination for China. Industry estimates put New Delhi's total imports from Beijing close to $65 billion during the current year against $58.23 billion in 2014 and $51.63 Billion in 2013.
India's import list of more than 200 items from China is mostly dominated by textiles, smart phones, LED, electrical and electronic equipment, machineries, boilers, organic chemicals, plastics, furniture, lighting, paper and paperboard, glass and glassware.
In the Home-life segment, the most popular imported items were furniture and lighting equipments to the tune of $6747.40 million in 2014 compared to $6014.60 million in 2013. Similarly, the import value of plastic and plastic items was $1716.90 million as against $1255 million in the 2013. The value of Chinese imports in glass and glassware segment for 2014 was $296.60 million, while import value of paper and paper boards and pulp articles was $382.50 million. (SH)