Chinese businessmen benefit from improving Sino-Indian relationsNovember 16th, 2007 - 4:23 pm ICT by admin
New Delhi, Nov 16 (ANI): Chinese businessmen at the India International Trade Fair (IITF) attribute improving relations between India and China for a boost in their trade and business.
Miching, a Chinese businessman dealing in crystal ornaments said the business this year is better as compared to business in the 2006 trade fair.
“I think the price and the quality is okay, so they (Chinese goods) are popular in India. And the political relationships between India and China, if you compare with the last 40 years it is better, he said.
A tie up in the textile industries of India and China is also being promoted at the fair.
On display at the Chinese pavilion are various loom machines of which the TAI FAN single jersey knitting machine, which can produce weave chromspun, single-side cloth, float design cloth, scale cloth, twill cloth and several others, is one of them.
Abhimanyu Kocchar, a promoter of the TAI FAN machine said: “The machines are of mass production, cheap and India is looking for the cheap alternative to the expensive European machines. Of course the spare parts and expenses are less because they have state of the art technology.”
India and China have been pushing economic ties despite the lingering border dispute. A visit by Chinese President Hu Jintao to India in November last year focused on boosting the two-way trade, expected to double to 40 billion dollars by 2010. (ANI)
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