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Indian delegations explore business potential in China

PTI - New Delhi

In a bid to iron out critical issues constraining trade between India and China and to identify niche areas for enhancing business relations with the Chinese industry, a 25-member FICCI delegation is visiting Beijing and Shanghai from June 22.

The business delegation, whose visit to China will coincide with the prime minister Mr Atal Bihari Vajpayee’s visit to the country, would discuss the problems in negotiating LCs due to weak banking links as this could affect steel exports to China in its joint business council meeting with China Council for Promotion of International Trade.

It would also look into the possibility of exchanging tariff lines under the Bangkok Agreement in thrust sectors of mutual interest, FICCI said.

Meanwhile, a 10-member ASSOCHAM delegation is also accompanying the PM. The delegation, aimed at forming partnerships with Chinese counterparts, is exploring possibilities for establishing contacts with the commodity-based organisations to facilitate visits of the delegation subsequently, ASSOCHAM said.

The chamber would sponsor three delegations to China - a delegation of the textile and pharma industries, an importers and exporters delegation, and one on telecommunication and IT, particularly to study the Chinese model of business process outsourcing (BPO).

Other members of the delegation include CMD of Ginni Filaments, and past chairman of ICMF, Mr Rajaram Jaipuria, alternate president of ASSOCHAM Mr M K Sanghi, secretary general ASSOCHAM Mr Jayant Bhuyan, among others. An ASSOCHAM delegation had visited China last year and signed MOUs with its counterpart China Council For Promotion Of International Trade and other organisations.