$20 billion announced by President Xi is only the beginning.
Prime Minister Narendra Modi's 'Make in India' campaign made a big splash in China as large number of investors flocked to the special investment promotion events organized by Indian missions highlighting the country's fast-changing investment liberalization process, as reported by PTI.
The report further stated that over 250 investors, officials as well as journalists attended the event in Beijing in which Modi's speech made in New Delhi was screened with elaborate presentations from Indian Ambassador Ashok Kantha and Trade Councillor Namgya Khampa.
A special business event and roundtable discussion on 'Investing in India's Manufacturing Sector' was held to seek China's investments in the backdrop of $20 billion commitment made during the just concluded visit of President Xi Jinping. China will invest in two industrial parks besides railway modernisation.
"The event is very constructive and fruitful. Especially Modi's remarks gave us clear guideline and gave us encouraging signal that Indian market is increasingly open," Gao Ya, External Communication Manager of Chinese firm TBEA which had invested in Gujarat told PTI.
“Chinese investors will play more important role in India in the coming ten years and there will be more Chinese investments in India,” he added.
$20 billion announced by President Xi is only the beginning, more will follow, he said.
Jack Huan, an official of the China National Heavy Duty Truck Group told PTI that it may be an opportune time for Chinese firms to enter Indian markets it is good to hear Indian Prime Minister inviting Chinese and other investors from all over the world.