Sino-India trade to be of 30 billion USD by December end

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Kolkata, Dec 18 (UNI) The Indo-China bilateral trade between January and September was of 27 billion USD and the figure was expected to touch 30 billion USD by the end of this year, Consul General of China in Kolkata Mao Siwei said here today.

Interacting with the members of Bengal National Chamber of Commerce and Industry (BNCCI), Mr Siwei said if the trend continued, the target of 40 billion USD of trade by 2010 would be achieved much ahead of the targeted date.

Besides trade, Mr Siwei said on the investment front and other fields of cooperation the momentum was emerging as more than 150 Indian companies such as TCS, Infosys, Ranbaxy had set up their sub-companies or representative offices in China.

He informed that about 45 Chinese companies had also entered into Indian market involving construction projects like telecommunication networks, power plants, roads, airports, pipelines and others.

'' All of these are historical development in Sino-India relations and this encouraging trend clearly shows that the economies of the two countries are mutually complemented, '' Mr Siwei observed.

'' We share strong common interests in the development of our two countries and can foresee for sure that the economic factor will further play a significant role in the overall bilateral relations in the coming years, '' he maintained.

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