Industrialists, traders and investors from India and China will come together to seek opportunities to establish and firm up business ties at a key forum in the city.
The seventh China India Forum will be held on October 27 at the City’s Hotel Hyatt Regency. The event is part of a continuing effort to improve business and trade ties between the two countries by Chinese People’s Association for Friendship with Foreign Countries (CPAFFC), China-India Friendship Association (CIFA), and Podar Enterprises.
The theme of the meet is “Jointly Shoulder Responsibility of our times, Promote Global Growth”, with Fortune Plus and International Business Linkage Forum (IBLF) as its organizers, the Government of Maharashtra as the “Host Partner State” and Mahratta Chamber of Commerce, Industries and Agriculture (MCCIA) as the “Supporting Organization.”
Pradeep Bhargava, President of MCCIA, Rajiv Podar Managing Director Podar Enterprise, Dinesh Joshi, Managing Director Enterprise Infrastucture Pvt Ltd – Satyagiri Group and Mohit Kumar, President fo Podar Enterprise and Director IBLF briefed the media about the event.
Minister for Commerce and Civil Aviation Suresh Prabhu and Maharashtra Chief Minister Devendra Fadnavis will be the Chief Guests for the occasion.
China’s Ambassador to India Luo Zhaohui , Maharashtra Minister for Tourism Jaikumar Rawal and the state’s Minister of Industries Subhash Desai will be the Guests of Honour. Wang Huiyong, Vice-President of the Hebei Province People’s Congress and Jiang Zelin, Chairman, CPPCC, Jilin Province will also be present.
Mr Bhargava said Pune is eminently suitable for holding the event as the city and its agglomeration boasts the presence of a diverse spectrum of industrial and service enterprises which can offer themselves as partners to Chinese businesses. He said the India-China bialateral trade, currently at about $ 85 billion, is skewed towards China as India imports much more from China than it exports to that country. Factors such as opportunities created by the trade sanctions which the US has imposed on China and the rising costs of Chinese labour have the potential to improve India’s participation in the bilateral trade.
Mr Podar said the event has come to Pune after being held in Mumbai, Jaipur and Bengaluru in the past three years and the first three forums were held in China. More than 200 entrepreneurs from China will participate in the meet as the overall participation is expected to exceed 400, Mr Podar said.
Likely areas of co-operation between the two countries include agri-exports, heavy engineering, financial technology, blockchain, automobile, education and telecommunications, he said, adding that a special discussion on co-operation between the two countries in the area of media and film production is a highlight of the meet.
Mr Podar said five Memoranda of Understanding (MoU) will be signed during the meet.