City
Epaper

China province eyeing investment opportunities in India's medical, IT sectors

By ANI | Updated: June 14, 2019 05:05 IST

Yunnan province of China on Thursday expressed its intent of exploring investment opportunities in India, particularly in the fields of medicine and information technology.

Open in App

Kunming [China], June 14 : Yunnan province of China on Thursday expressed its intent of exploring investment opportunities in India, particularly in the fields of medicine and information technology.

"There is a great opportunity to work in industries such as medical and IT between India and Yunnan. There are many business councils and associations in Yunnan which have already invested in India." Deng Xiaoli, an official of the Department of Commerce of Yunnan province, told .

Deng said that Yunnan wishes to strengthen cooperation with India in order to utilise its expertise and resource for medicine.

Expressing optimism in the strengthening of ties between India and Yunnan, Xiaoli said, "We can work together to promote cooperation in bilateral investment and also import and export along with hardcore communication."

She made these remarks on the sidelines of The South and Southeast Asia Commodity Expo and Investment Fair (SSACEIF).

"India is a big country and has a population similar to China's and we have a lot in common. India is known for its IT sector. Together, we should strengthen cooperation between India and Yunnan to develop the IT industry," she added.

With six major exhibition areas, 17 pavilions and 7,500 standard booths, the SSACEIF featured exhibitors from 74 countries, regions and international orgsations.

This year, Sri Lanka is the theme country of SSACEIF, and the main guest country is Cambodia.

The exhibition, which began on June 12, is slated to culminate on June 18.

( With inputs from ANI )

Open in App

Related Stories

PoliticsNitish Kumar to take oath as Rajya Sabha MP today

NationalFire breaks out in Lucknow's vegetable market

International"Won't allow criminal aggressor to go unpunished": Iran's Supreme Leader issues stern warning, declares victory

National"Historic shift": BJP MP Jagdambika Pal on Women's Reservation Bill

NationalDRI Mumbai busts gold smuggling syndicate, seizes 30 kg gold worth Rs 38 crore; 24 women carriers arrested

International Realted Stories

InternationalIndia, Mauritius strengthen ties with enhanced strategic partnership

InternationalIndia to appoint Defence Attache in Mauritius soon; oil, gas supply pact in final stages: EAM Jaishankar

InternationalFormer Nepal PM Oli, ex-Home Minister Lekhak released from jail

InternationalJaishankar meets Mauritius PM Ramgoolam, discusses "wide-ranging partnership" and West Asia developments

InternationalIDF eliminates Hezbollah-linked commander in Lebanon, Gaza militant tied to October 7 attack