Pune to host the Seventh China India Forum in association with MCCIA

Pune 6 October 2018 : Continuing the efforts of improving diplomatic ties Government of China, Chinese People’s Association for Friendship with Foreign Countries (CPAFFC), China-India Friendship Association (CIFA), and Podar Enterprise will hold the Seventh China-India Forum: “Jointly Shoulder Responsibility of our times, Promote Global Growth” on 27th October 2018 in Hyatt Regency, Pune. Fortune Plus and International Business Linkage Forum (IBLF) are the organizers. Government of Maharashtra is the “Host Partner State” and Mahratta Chamber of Commerce, Industries and Agriculture (MCCIA) is the “Supporting Organization”.

Suresh Prabhu, Hon. Central Minister of Commerce & Industry and Civil Aviation and Shri. Devendra Fadnavis, Hon. Chief Minister of Maharashtra shall be the Chief Guests. H.E. Mr. Luo Zhaohui, Hon. Chinese Ambassador, Shri Jaikumar Rawal, Hon. Minister for Tourism, Government of Maharashtra and Shri Subhash Desai, Hon. Minister of Industries, Government of Maharashtra are the Guest of Honours. Mr. Wang Huiyong, Hon. Vice president of the Hebei Province People’s Congress and Mr. Jiang Zelin, Chairman, CPPCC, Jilin Province have also confirmed to attend. 

This information was given by Pradeep Bhargava , President MCCIA , Rajiv Podar Managing Director Podar Enterprise , Dinesh Joshi Managing Director Enterprise Infrastucture Pvt Ltd –Satyagiri Group and Mohit Kumar President Podar Enterprise and Director IBLF .

Pradeep Bhargava, President MCCIA, said that the Chamber is supportive for this program as it is important for the economic prosperity of the society. This will be one platform where large amount of Chinese traders and manufacturers would be connected to business houses in Pune. This is a step forward to build a better relationship.

He further added that, China has decent technologies at lower cost and we have now been using it in our daily routine including cell phones and other products . Now there is a need for Make in India to happen with the Chinese . This will add value to the Make in India agenda when we are able to attract Chinese investment homewards. This forum will help give exposure to Chinese manufacturers and explore the possibility of bringing new investments in India .  

Speaking on the occasion Rajiv Podar said that more than 200 Chinese Entrepreneurs will be participating at the forum which will probably make it the largest Chinese delegation to India. Today China is the single largest trading partner of India. The  bilateral trade between  is pegged at 85 Billion Dollars which is heavily skewed in favour of China . Indian exports account for only 10 billion dollars out of this .  But apart from trade ties there is a lot of potential in sectors like technology , innovation, infra and manufacturing which can give a new dimension to the economic ties. With lower and skilled labour cost  , language skills in India and rising labour costs in China , India has a distinct advantage.In this forum there will be five MoUs signed which will include block chain manufacturing , tourism apart from solar and renewable energy . Two MoUs were signed in the last forum which included one for e bikes and other in education both of which are expected to kickstart in 2019.  

Rajiv Potdar added that the US trade barriers and tariff on China has opened up a window of opportunity for Indian products which include Cotton , Ore and other raw materials . More than 44 products stand to benefit .