Chinese firms keen to invest in India's high-speed rail sector

Chinese investors are keen to invest in India, especially in the country's high-speed railway network, business leaders attending an India-China corporate dialogue held in China's central Hunan province said. Over 105 representatives from top Chinese business firms attended the event where Former External Affairs Minister Salman Khurshid, presided over a session relating to arbitration and its rules, an area of interest for Chinese investors.

The participation is well beyond the expectation and the response and enthusiasm is outstanding, Khurshid said. There is a great deal of interest in different fields like health, engineering tourism, legal services, he said. "I expect that some major deals would be struck for investment in India," he told PTI. The event held yesterday at the provincial capital Changsha organised by Hunan Commence Bureau in association with Services Export Promotion Council (SEPC) of the Ministry of Commerce and co-sponsored by New Delhi-based Global Dialogue Review quarterly magazine. The event was attended among others by Y K Sailas Thangal, Consul General of the Indian Consulate General at Guangzhou, officials of the SEPC, representatives from law firms in India as well as business houses. The topics for discussions included e-commerce, real estate, infrastructure, financial, investment banking, energy, supervision mechanism, arbitration and adjustment mechanism. In his address Khurshid said India-China need to rediscover their relations stretching to several millennia which suffered interruption in the 1962 war. Both countries should look at complementarities step up cooperation in various fields. He also said the massive trade imbalance in favour of China in the bilateral trade should be offset by large scale Chinese investments.