Before the scheduled visit of Prime Minister Narendra Modi here in May, India is stepping up its campaign to attract Chinese investors Andhra Pradesh Chief Minister N Chandrababu Naidu and a high government official to visit China next month. Amitabh Kant, Secretary, Department of Industrial Policy and Promotion will also visit Hong Kong, Beijing and Shanghai, where he will address "doing in India" roundtables on "Investment Opportunities in India".
Kant starts visit to China on April 1 with a meeting with major investors to make a strong pitch for big ticket investments, officials said here. He will be accompanied by senior officials and business delegation of the Confederation of Indian Industry (CII). Kant address roundtables in India and Shanghai being organized by the Indian missions. This visit is expected to review progress in the situation of investments and pave the way for the smooth flow of more Chinese investments in India.
Kant will be followed by Naidu in the middle of April, will visit Beijing and Shanghai, where the Chief Minister of Andhra Pradesh meetings of investors will be addressed to highlight the main investment opportunities in the state that is about to build his new capital after the creation of Telangana. The tours take place before the scheduled visit of Modi in May, is expected to give further impetus to China's proposed investments in India.
China has announced a fund of USD 40 billion of Silk Road, followed by USD 50 billion ADB Infrastructure Investment (AIIb) with USD 50 billion BRICS Development Bank, both of which are expected to be implemented this year. China had pledged to invest $ 20 million in two industrial parks in India during the visit of President Xi Jinping to India in September.
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