100 Chinese automobile companies attend 'Make in India' seminars

About 100 Chinese automobile companies attended the "Make in India" seminars organised in two Chinese cities.

At the event, a representative of China's largest truck maker, Beiqi Foton Motor, said the company has expansion plans in India.

The Chinese companies were briefed about the investment opportunities in the growing auto sector and newly-implemented Goods and Services Tax law.

The two Seminars on Investment Opportunities in Automobile & Auto-Components Sectors in India were organised in Chongqing and Changchun on July 11 and 13.

There were 180 representatives of Chinese companies at the seminars. Some raised questions about the taxation structure in India and the incentives offered to Chinese investors in India.

Prashant Lokhande, Counsellor (Economic) at the India Embassy here, talked about the important role played by the auto sector in India and highlighted the potential for collaboration between Indian and Chinese companies in this sector.

These events are part of a series of industry and sector-specific "Make in India" events being organised across China this year and were organised in partnership with the local Foreign Affairs Offices and China Council for Promotion of International Trade (CCPIT) Sub-Councils of Chongqing and Changchun cities.

Santosh Pai, Partner of Link Legal India Law Services, gave a presentation introducing the legal and regulatory framework in India with a special focus on the Goods and Services Tax.

Zhong Tiantian from Beiqi Foton Company Limited gave a presentation on the company's plans of expansion in India and their experience of working in India.

(Gaurav Sharma is the Beijing-based correspondent of IANS. He can be contacted at sharmagaurav71@gmail.com and gauravians@yahoo.com)

--IANS

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