India and China, two major developing countries and emerging economies, need to be and will be closely linked for their development, Chinese Ambassador to India Xu Feihong said here on Wednesday. To achieve this, the Ambassador called for closer commercial ties and business cooperation between the only two countries with more than a billion population each.
Dwelling on business cooperation between the two countries, he said Indian companies can enhance "Make in India" by "investing in China".
The Communist Party of China's third plenary session, held recently, proposed that all restrictions on foreign investment in the manufacturing industry be removed comprehensively, and foreign companies are encouraged to participate in the Chinese upstream and downstream supply chains, he pointed out.
This story is from the October 31, 2024 edition of Business Standard.
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This story is from the October 31, 2024 edition of Business Standard.
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