India: China investment into India increase up ‘six-fold’ in 2015

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Narendra_ModiIndia has seen a record surge in investment from Chinese companies with total investment rising six fold from 2014, said media reports. The increase in investment was due to the campaign “Make in India” being started by Prime Minister Narendra Modi. China’s investment in India soared to around USD 870 million in 2015, six times that in 2014, said media reports noting that the figure for 2015 was also twice the amount from April 2000 to the end of 2014. Meanwhile, Indian President Pranab Mukherjee, who was on a four-day visit of China asked Chinese investors to participate in ‘Make in India’ campaign. He also promised a conductive environment for investors. Pranab Mukherjee, while addressing a meeting of the India-China Business Forum said, “We will facilitate your efforts to make your investments in India profitable. We must take advantage of the opportunities that abound in the growth of both our economies.” Indian President said that the bilateral trade between India and China has grown steadily since the turn of this century from $2.91 billion in 2000 to $71 billion last year. “Indian government was setting up industrial corridors, national investment and manufacturing zones and dedicated freight corridors to stimulate investment in this sector,” said Pranab Mukherjee.

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