BEIJING: As China looks to step up its investments in India after President Xi Jinping's first visit, India is wooing major Chinese financial institutions like the sovereign wealth funds, which can potentially invest billions of dollars in the lucrative Indian stock market.

"If you look at the Asia story, economies like India are definitely a significant piece of economic growth in this entire sub-continent. It makes a lot of rational sense for them to think about India," Chitra Ramkrishna, the MD and CEO of the National Stock Exchange (NSE), said making a case for Chinese firms to begin investing in Indian stock markets.

A lot of bilateral discussions have taken place between the two countries in this regard, she said.

One of the bilateral meetings she had was with the Shenzhen stock exchange President and CEO Liping Song.

"We are working with the Chinese specifically to see if there are any road blocks. Prima-facie the whole Foreign institutional framework in India is very welcoming," Chitra told PTI in an interview.

Chitra was here on a visit to attend a key conference in which she spoke on the 'role of stock exchanges in China's financial reform'.

She was replying to a question on whether China is getting interested to explore opportunities to allow big sovereign wealth funds like the China Investment Corporation (CIC) which is sitting on a corpus of over $650 billion to invest in India.