Research can help Indian firms enter China: Shourie

Friday, 27 June 2003, 07:00 Hrs
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SHANGAI: Indian Information Technology Minister Arun Shourie Thursday said Indian industry should step up research aimed at strengthening and expanding its presence in the Chinese market.

Speaking at the opening of the East Asia office of the Confederation of Indian Industry (CII) here, Shourie said: "CII should focus on building a strong research competence to help Indian industry learn more about China, and also to learn from China.

"CII's information conduit can help Indian companies become more competitive in entering and expanding in the Chinese market."

The office is located in Shanghai Mart, China's first and largest showcase for international manufacturers and service providers to exhibit their products and services.

Shourie is part of the high-level team that is in China with Prime Minister Atal Bihari Vajpayee on a six-day visit.

Coinciding with the opening of the office, CII has set up the "India Club" to provide a platform for enhancing trade and investment, and accelerating strategic partnerships between businesses in the two countries.

A statement issued by CII noted that trade between India and China grew 38 percent last year to touch $5 billion, and it jumped at the same rate in the first quarter of this year.

The two sides, the statement said, were only three years away from reaching their targeted annual trade volume of $10 billion. "CII's efforts in China are oriented towards facilitating this giant leap forward," the statement said.
Source: IANS
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