India to China: invest in our tech, pharma
After creating a “level-playing field” for Chinese telecom companies doing business in India, New Delhi has asked Beijing to reciprocate by creating opportunities for its infotech and pharma industry.
“Our bilateral trade is expected to cross $60 billion in 2010, making China once again India's largest trade partner. India, however, is only China’s 14th largest trade partner,” said S. Jaishankar, Indian Ambassador to China, while addressing a India-China business seminar.
“That imbalance, along with large recurring trade deficits, speaks of a larger market access issue that India faces in China... The Chinese government has assured us that it is not their intention to create large trade surpluses and that they would be importing more goods from India, particularly in the value- added category.”
India has said it wants greater activity in the market place.
Enter your email to get our daily newsletter in your inbox
- Meenakshi Mallik, the airline’s commercial director who spearheaded the ambitious attempt to take over the state-run carrier, said in a three-page letter to employees that the consortium was not shortlisted.
- With 59 vessels and 3,281 staff, SCI is the largest Indian shipping company in terms of capacity
- China said it acknowledges India’s efforts to enhance competitiveness in manufacturing and services sectors through ‘Make In India’ and ‘Digital India’ initiatives but remains concerned that some of the measures are not consistent with WTO principles.
- Rallying crude may also complicate the Reserve Bank’s plan to tame inflationary pressures and spur economic growth
- The revenue in March may cross the record Rs.1,19,875 crore collected in January by at least Rs.10,000 crore.
- After fighting multiple bouts of volatility during the session, the BSE gauge Sensex settled 35.75 points or 0.07 per cent higher at 50,441.07.