India-China collaboration deemed to benefit SMEs: IndiaMART.com

New Delhi, Oct 01 (ANI/Business Wire India): IndiaMART.com CEO on Wednesday addressed the event titled 'Chandni Chowk to China' in New Delhi.

Dinesh Agarwal, Founder and CEO, IndiaMART.com, joined economists, business heads and government functionaries at an event titled 'Chandni Chowk to China' in New Delhi on September 29, 2008.

The theme of the event took a discursive route emphasizing that the Small and Medium Businesses (SMEs) in India must collaborate with Chinese companies to leverage mutual benefits.

The event, organized by The Economics Times in association with Federation of Indian Chambers of Commerce and Industry (FICCI), had on the panel eminent dignitaries such as Dr Amit Mitra, General Secretary, FICCI, Jawahar Sarcar, Special Secretary, Ministry of Commerce, Rajeev Karwal, CEO of Milagrow, Ashok George, Head of Hero MindMine, Sanjay Chakravarty, Head of China Desk, Ernst and Young and Dinesh Aggarwal, Founder and CEO of IndiaMART.com.

A question and answer session followed the discussion, where over 200 Small and Medium entrepreneurs currently doing business in China participated.

Dinesh Agarwal, Founder and CEO, IndiaMART.com assented with the present guests, "We must make China our partner in growth, as India will be bestowed with multiple opportunities by collaborating with China."

He further added, "As India's economy is growing, numerous international businesses are now interested in selling their products in India. For this IndiaMART.com is planning to launch 'Sell-in-India' initiative which will cater to the requirements of these businesses."

The event indicated that as India and China have marked themselves amongst the top industrial mammoths on the global map today, their tie-up will create ripples in the industrial sector. Amit Mitra, Chairman, FICCI, expressing the same said, "China is an opportunity for Indian companies. However, strong political willpower is essential for a close, transparent and trustworthy business relationship with China. Only by healthy political intervention certain barriers that Indian businesses suffer in China can be overcome.""

The forum encouraged the Indian SMEs to overcome cultural variation and experience the healthy work culture of China. Rajeev Karwal, CEO, Milagrow, reasoned, "We must now also climb up the value chain like the Chinese companies with the same tenacity and vigor."

The event marked the culmination point of a series of articles on the theme in the Hindi edition of The Economic Times.

ANI