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India makes pitch for Chinese investments in SEZs

India makes pitch for Chinese investments in SEZs After attracting Chinese investments to its industrial parks, the government on Wednesday pitched for China’s participation in Special Economic Zones (SEZ).

At a round table with local investors, an Indian delegation comprising senior officials from Commerce Ministry and SEZ developers, discussed the SEZ framework in the country and specific opportunities in select economic zones.

The six-member delegation is the first from India after President Xi Jinping visited New Delhi last month during which $20 billion commitment was made by China to invest in industrial parks in Gujarat and Maharashtra.

In the meeting, Indian Ambassador to China, Ashok Kantha asked Chinese companies to build on the successful visit of Xi to India and the launch of ‘Make in India’ campaign, aimed at ensuring investor-friendly environment for businessmen in the country.

He said that apart from the two industrial parks announced in Maharashtra and Gujarat, Chinese companies could consider investing through the SEZ route which offers a viable option.

The delegation, led by Madhusudan Prasad, Additional Secretary in charge of Special Economic Zones, included senior officials from the Ministry of Finance and SEZ developers such as Sricity Private Limited, Mahindra Life Spaces and SIPCOT Tamil Nadu, according to a statement by Indian Embassy here.

The round table discussion on ‘Investing in India’s SEZs’ was attended by 40 participants.
The Indian delegation will also meet the officials of Chinese Ministry of Commerce and visit Tianjin, Shanghai and Suzhou.

The Indian Embassy will also organise investment promotion seminars in other cities including Qingdao and Chongqing next month.

– PTI