Chinese firms plan industrial parks in Gujarat 10/06/2014 A group of Chinese companies has shortlisted three locations near Sanand in Ahmedabad district for setting up industrial parks. These locations are Sachana, Jakhwada and Jalsana. Plans to set up a China town with housing facilities near Sanand are also on the cards. Mr. Jagat Shah, Interim Secretary-General, China-India Trade and Investment Centre (CITIC), informed that a consortium of Chinese companies is expected to initially invest nearly USD 200 million ( INR 120 crore). In all, the Chinese companies have a target to invest USD 1 billion in Gujarat this year. This was only the first group of visiting businessmen. Mr. Jagat Shah further added that each month, a group representing nearly 10 companies will visit Gujarat. They will form a consortium to initially invest USD 200 million. A delegation of 15 Chinese companies from Wengzhou of Zhejiang Province, which arrived in India along with their Foreign Minister last week, visited Delhi and Ahmedabad scouting for investment opportunities. Sun Jian Qhiang, Managing Director of JBON Control Industry, would be investing in Sanand. He said that his brakes manufacturing factory in China has been exporting to India for the last five years. After visiting the automotive cluster site in Sanand, he has decided to invest in Gujarat. Teng Min Liang, MD of Zhejiang TTN Electric, said that he met several interesting companies in Gujarat for joint venture in voltage stabilisers and will proceed with one at the Chinese industrial park in Ahmedabad district soon. Jiquan Chen, MD of Yalong Scientific Co, affirmed that he is interested in representing a Gujarat company in China to promote educational equipment and software in a two-way relationship. Mr. Jagat Shah further said that a township plan was also presented to the Chinese delegation by Technopolis Township. Representatives of companies from sectors such as automobile and motorcycle parts, real estate, construction, electrical appliances, garbage management, medical equipment, educational equipment and software, art and crafts and finance were part of the Chinese delegation, led by Teng Min Liang from Zhejiang TTN Electric Co Ltd and Sun Jian Qiang from JBON Control Industry, who also represents CITIC in China. The companies met 30 potential investors and entrepreneurs in Ahmedabad in an investors’ summit and visited several factories to explore joint venture opportunities with Gujarat companies.
Posted on: Fri, 27 Jun 2014 09:53:43 +0000
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