Chinese firms should make India an export hub
Addressing a session at the India-China Economic Cooperation Forum organised by the CII, Rajiv Kumar, Niti Aayog’s Vice Chairman, urged Chinese firms to look at India as an export destination from where they can sell their products to various countries.
He also stated that India and China have agreed to identify non-tariff areas to make it easier for the Indian businesses to make inroads into China. “In several areas, especially for India, like say for pharmaceuticals and IT, the market access to China is affected by procedures and licences. So, we have agreed that we will look at these non-tariffs measures and try to address them so that we can achieve better market access,” he stated.