India expects to expand its trade partnership with China in
areas such as software and information technology, pharmaceuticals,
steel and certain categories of automobiles, Prakash Gupta, the
consul general of India, said yesterday.
He also said if India and China continue to maintain their
growth for the next three decades, then not only will both nations
be among the world's biggest economies, but also that their
bilateral economic and commercial relationship will become the most
important one in global terms.
Gupta made the remarks during the two-day Doing Business in
India forum that opened yesterday in Shanghai. The forum aims to
strengthen the India-China partnership and help Chinese
entrepreneurs to invest and expand trade with India.
"There are many commodities in which India has a comparative
advantage in the world market and where our two countries could
benefit from expansion and diversification," said Gupta.
"Even if there are similar sectors where both countries have
comparative advantages, within these sectors, advantages vary in
the sub-sectors. We can convert competition into new opportunities
for cooperation through intra-industrial trade in niche
markets."
Gupta also listed cement, healthcare, auto spare parts, tyres,
machinery and equipment, chemicals, plastics, marine products,
processed fruits, leather and precious stones as India's strong
sectors.
(Shanghai Daily December 5, 2007)
