Cii Fair To Boost Indo-China Trade
India versus China is passe. The new mantra that the Indian industry is chanting is India and China, at least if the International Engineering and Technology Fair (IETF) 2003 being organised by the Confederation of Indian Industry (CII) is any indication.
China is the partner country this year at the four-day IETF 2003, starting on Wednesday. More than 70 companies are participating in the fair ranging from space-frame structure to table napkins, from white goods to silk fabric, from power plants to cigarettes.
The Sino-Indian bilateral trade amounted to $3.8 billion during January-October 2002, an increase of 31 per cent over the same period in the previous year.
Chinese exports to India increased 35.6 per cent in the same period. India exported 26 per cent more iron and steel, electrical machinery, paperboard, organic and inorganic chemicals, precious stones and plastics to China.