India seeks greater market access for its products including textiles, pharmaceuticals and bovine meat
Top industrialists and CEOs, including Adani group chairman Gautam Adani and Vishal Sikka of Infosys, will be part of a high-level business delegation that will travel to China during Prime Minister Narendra Modi's visit to the Communist nation this week.
The other members who are expected to be part of the business delegation include Sun Pharmaceuticals chairman and managing director Dilip Shanghvi, TCS CEO N Chandrasekaran, Reliance group chairman Anil Ambani, Ashok Leyland managing director R Seshasayee, Suzlon Energy chairman Tulsi Tanti and HDFC Bank chief Aditya Puri.
Besides, Pawan Goenka from Mahindra & Mahindra, Flipkart founder Sachin Bansal, JSPL CEO and managing director Ravi Uppal, GMR's BVN Rao, Karbonn Mobiles chairman Sudhir Hasija and Snapdeal CEO Kunal Bahl are also likely to be part of the visiting delegation.
Representatives of major state-owned companies including BHEL and BEML too would be travelling to China.
During the Modi's visit, India would seek greater market access, removal of non-tariff barriers and investments in sectors such as defence.
China has already signed MoUs to set up industrial parks in India.
India wants greater market access for its products including textiles, pharmaceuticals and bovine meat.
The country imports about 65 per cent of bulk drugs from China for its generic medicine industry but strict regulatory procedures in the neighbouring country restricts exports of drugs to that country.
India's bilateral trade with China stood at $65.85 billion in 2014-15, which is in the favour of China. The trade deficit is about $37 billion.
Modi is scheduled to undertake a three-nation tour of China, Mongolia and South Korea from May 14.
