Updated By: LatestGKGS Desk
Niti Aayog: India invites MNC from China to invest in India
Niti Aayog requested Multinational Companies of China to invest in India in Electronics sector at Indian Chinese Economic Dialogue
Niti Aayog has hosted a 220 Chinese delegated as a part of India Chinese delegates as a part of India Chinese Strategic Economic Dialogue which was organised on 6th and 7th October 2016.
The main aim is to showcase India as an investment sector to Multinational companies of China to invest in India
He advised China to move labour intensive sectors like electronics and textiles to India as there is low wage rate in India and take the advantage of it.
It will be advantageous to both India and China as India will get more dividend and employment opportunities will create in India.
India for the first time plans to bring on states which have received FDI from China
The main discussions were related to roads, railways, solar energy, urbanization, domestic electronic manufacturing and new policy initiatives.
The chairman of National Development and Reform commission Xu Shaoshi headed the conference and Niti Aayog Vice chairman Arvind Panagariya would would reperesent Indian side.
India could also take the advantage of Chins’s expertise in railways and other main sectors.
