Yang Xueshan, Chinese Vice-Minister for industry and information technology has said China wants to step up its investment in India to produce personal computers, internet equipment, cell phones and televisions.
He added that China is willing to encourage Chinese companies to invest in Indian industrial parks to produce personal computers, Internet equipments, cell phones and televisions.
On Thursday in Beijing Yang took part in the concluded Strategic Economic Dialogue between the two countries. at that time,he quoted “We also suggest the two countries set up a communication mechanism between governments, enterprises and social groups”.
India is urging China to step up investments in India.India has offered to open special technology parks for China and Chinese official teams have already visited few locations in India. Probably after the Lok Sabha polls in May, a decision was expected to be taken by Beijing. Moreover, India is pushing China to open up its markets for the lucrative Indian products such as IT and Pharmaceuticals.
As per the expectations of experts, Yang’s comments regarding investments in India to produce computer hardware comes in the back of Chinese leaders’ repeated calls for integrating India’s software with China’s hardware prowess to dominate the global business markets and at the same time Yang denied any impediments for Indian IT firms entering the Chinese markets.
But Montek Singh Ahluwalia, the Deputy Chairman of Planning Commission who headed the Indian delegation at the SED, said “Chinese government could push a bit to get its state owned industry to open up more for Indian software firms”.