Offer mooted to align 'Made in China' with 'Make in India'
China has offered to align its ‘Made in China’ campaign align with Prime minister Narendra Modi’s ‘Make in India’ to initiate and facilitate the capital inflow from China to India. China has also demanded a ‘red carpet’ for its investors instead ‘red tape’. “New strategy Made in China 2025 features innovation and high end manufacturing. It can be aligned with PM's Make in India plan,” said Le Yucheng, Chinese Ambassador to India. Talking to the Indian media before the arrival of first set of Indian pilgrims to travel to Manasarovar in Tibet via the newly opened Nathu la Pass in Sikkim on June 21, Le said that Chinese investment in India accounted only for a few hundred million dollars. However he said that there is more passion and enthusiasm in the India states to attract investments. “We want more efficiency in attracting investment and more red carpet instead of red tape. We need to catch up and make up for the loss,” he said. It’s also believed that China has over capacity in its industry. “We need to move out part of them to our neighbouring countries which are in need of it. India needs Chinese capital industrial technology. Why not invite Chinese investments? Indian side is still long way to go to attract more investments,” Le added. “I believe more and more Chinese companies are coming. You need to set incubation centers or contact points and more incentives to attract Chinese investments,” he said. He also expressed China’s happiness over the e-Visas for Chinese tourists which was announced by Modi in May. "We are happy with e-visas and relaxation of security clearances and happy with the efficiency of attracting Chinese investments by setting up single window clearance. Each state from all over India are competing to get the Chinese investments," he said. "Security clearance issue now is partially been solved," he said.
June 25, 2015 | 7:13 pm IST.
to success.