After Surpassing USA, UK and Japan to Become India's Largest Trading Partner, Trade Between India & China Expected to Continue
* Over 120 Chinese companies participating in the 9th China Products (Mumbai India) Exhibition 2011 to continue the business momentum with India. The exhibition will be held from 15th - 17th December, 2011 at Bombay Exhibition Centre, Goregaon (East), Mumbai, India.
- (1888PressRelease) December 10, 2011 - Mumbai, India - With China overtaking USA, UK & Japan to become India's largest trading partner in 2010-11 and trade relations between the two countries continuing to grow at a fast pace, Chinese entrepreneurs are tapping opportunities like the 9th China Products (Mumbai India) Exhibition 2011 ( http://www.chinamumbaiexpo.com ) to get in touch with Indian businessmen. The exhibition will be held from 15th - 17th December, 2011 at Bombay Exhibition Centre, Goregaon (East), Mumbai, India.
Trade volumes between India and China reached US $ 61.7 billion in 2010 and it is anticipated to reach US $ 100 billion by 2013. In the first 8 months of 2011, India-China bilateral trade reached US$ 48.17 billion, an increase of 19.47% over the same period last year. The added impetus to the growing Indo-China trade is the debt crisis in Europe and the anticipated slowdown in the US. Additionally, trade confidence between both India & China - which have strong domestic consumption - is also quite high.
According to Mr. Suresh Prabhu, four time Member of Lok Sabha and former Union Cabinet Minister for Power, Heavy Industries & Public Enterprises, who has consented to preside as Chief Guest at Opening Ceremony of the expo, "Many areas of common interest between India and China can be addressed through bilateral co-operation. There are a lot of opportunities for India and China to collaborate and develop positive relations based on trust and friendship for mutual benefit".
The 9th China Products (Mumbai India) Exhibition 2011 ( http://www.chinamumbaiexpo.com ) is the biggest platform for Indian and Chinese entrepreneurs to interact with each other, and - as in the previous years - will serve as a platform for the Indian Industry to explore long-term business associations with Chinese companies in the form of tie-ups, joint ventures, collaborations and import-export trading relations.
On display at the Exhibitions will be an extensive range of products across a wide section of industries like building, construction and interiors, cosmetic and beauty products, diesel engine and diesel generator sets, electrical appliances, electronics, fabrics and garments, food and beverages, gifts and toys, glassware, handicrafts, hardware and tools, health and hygiene, home appliances, industrial products, sanitary ware, stationery, water pumps etc.
The trade show is being organized by the China Council for the Promotion of International Trade (CCPIT), Sub-councils of Commercial Industry, Guangdong, Ningbo and Hangzhou. The Exhibition is supported by the All India Association of Industries (AIAI) and the India-China Chamber of Commerce and Industries (ICCCI) and managed by Worldex India. For further details please log onto http://www.chinamumbaiexpo.com
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