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Chinese footprint in India

Business Standard 

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Chinese companies have so far invested $396 million in India. But this doesn't reveal the real story. In 2013, India imported mobile phones worth Rs 36,000 crore, of which 90 per cent was from China. Chinese companies have executed infrastructure contracts in India worth $24.57 billion till 2011. No wonder China is keen on investing billions in India. Many large and medium-sized Chinese companies have invested or are planning to invest here. These include Beiqi Foton's heavy truck unit in Maharashtra, TBEA Energy's transformers unit in Gujarat and SAIC's automobile joint venture with General Motors. Chinese firms are keen to invest in the food processing, alternative energy, auto parts and machinery tools segments, too.

First Published: Fri, September 19 2014. 00:31 IST