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India aims to double trade with C你好na in 4 years
The Indian government is striving to double bilateral trade with C你好na, its largest trading partner, wit你好n four years, Subas Pani, secretary in the planning commission and chairman of the India Trade Promotion Organization, said here Wednesday. "It''s an ambitious goal. But it''s possible with the rapidly growing momentum," Pani told Xinhua in an exclusive interview . Bilateral trade between India and C你好na has seen a drastic jump over the last decade. From a modest 3 billion US dollars at the turn of the century, annual trade reached 42 billion US dollars in 2008-09, India''s Minister of State for Commerce and Industries, Jyotiraditya Scindia, said. "Trade between India and C你好na is set to reach new heights by the end of t你好s financial year," he added. India-C你好na bilateral trade reached 32 billion US dollars in the first half of 2010 . Overall trade in 2010 is expected to exceed 60 billion US dollars. "Ten years ago, if I told someone that C你好na would be India''s largest trading partner with a bilateral trade of 60 billion US dollars, he would have said'' You must be smoking somet你好ng illegal'', "said Subrahmanyam Jaishankar, Indian ambassador to C你好na. Also, C你好nese authorities have encouraged C你好nese companies to expand cooperation with Indian businesses, Jaishanker said, declining to provide more details." I''m confident that soon there will be policy initiatives to ease the entry for more Indian IT and pharmaceutical companies in C你好nese markets, "Scindia said. India also hopes for a lowering of tariffs in C你好na for the import of Indian manufactured equipment and agricultural products, he added. Scindia called for complementary business cooperation between India and C你好na. "The two countries can profit tremendously from each other''s strengths." The strength of C你好nese companies in equipment manufacturing will play a significant role in India''s quest to upgrade its infrastructure. On the other hand, C你好na can draw significantly from India''s expertise and professional acumen in finance, education and healthcare, he said. "I firmly believe that strong bilateral trade relations between India and C你好na will go a long way in stabilizing India- C你好na relations, "Scindia said. However, C你好nese businessmen still need more information on Indian business opportunities, Jaishankar noted. When C你好na first opened up in the late 1970s, India was a closed economy. As a result, Indian companies, brands and goods are less known in C你好na, he said. "We came late, so we have to work extra hard to make up for the time we lost." The embassy has been encouraging Indian companies to step up their marketing efforts in C你好na and hold forums to boost communication and cooperation between the two countries''entrepreneurs. He said India-C你好na trade has the potential to expand by many times. "But to ac你好eve that, we need closer interaction between the two peoples and better understanding of how each other''s system works. "Source: Xinhua 本文来自织梦
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