MII PM NaMo Tells Top Chinese CEOs; Deals Worth $22 Billion Signed;Top Chinese CEO Quotes abt MII

[PARIKRAMA]

SHANGHAI: Prime Minister Narendra Modi is in Shanghai today, where he met 22 top Chinese CEOs to pitch his "Make in India" agenda to them. 21 business agreements worth 22 billion dollars are being signed between Indian and Chinese companies today.

"I have come to say to you Make in India," the PM told the Chinese industry leaders, and talked about what he called the "5F Formula - From Farm to Fibre to Fabric to Fashion to Foreign."

India and China, PM Modi said, "can together give something to the world."
The Prime Minister will also address the India-China Business Forum shortly; 39 Indian business honchos are attending.

Foreign ministry spokesperson Vikas Swarup tweeted a photo of the PM in a bandhgala, flanked by the top Chinese CEOs, saying, "Trillions of dollars under 1 roof! PM @narendramodi with Who's Who of Chinese industry at CEO's interaction Shanghai."

Among them was Jack Ma of Chinese e-commerce giant Alibaba, who told PM Modi, "We are excited about India. We are excited about Make in India and Digital India."

Lin Bin, President of phone maker Xiaomi, said, "We have some big plans for India, we fully support Make in India."

Trade is a key focus of PM Modi's three-day visit to China. He flew to Shanghai on Friday evening from Beijing, where he held talks with Chinese Premier Li Keqiang.

The trade imbalance between the two countries has figured high on the agenda in discussions between the two countries. The trade deficit between India and China increased about 34 per cent to $48.43 billion in 2014-15 from $36.21 billion in the previous fiscal, in China's favour.

Top Indian CEOs like Chanda Kochhar of ICICI and Rajan Bharti Mittal of Bharti Enterprises Airtel told NDTV that the growing trade deficit is a huge worry.

"The trade deficit has to be managed... The task force needs to work on this because the gap is huge," Mr Mittal said.

'Make in India,' PM Narendra Modi Tells Top Chinese CEOs; Deals Worth $22 Billion Signed


What Top Chinese CEOs Said at Meeting With PM Narendra Modi

SHANGHAI: Prime Minister Narendra Modi is in Shanghai today, where he met 22 top Chinese CEOs to pitch India as a manufacturing hub. "I have come to say to you Make in India," the PM told them.

Here is what some top Chinese business leaders told PM Modi:

• "We are excited about India. We are excited about Make in India and Digital India."
  Jack Ma, Founder, Alibaba
  
  
  
• "We are full of hope about India, which offers a dynamic work force and huge market."
  Liang Wengen, Chairman, SANY
  
  
  
• "Harbin Electric would like to bring more light to India, take advantage of Make in India."
  Zou Lei, CEO, Harbin Electric
  
  
  
• "We have some big plans for India, We fully support Make in India."
  Lin Bin, President, Xiaomi
  
  
  
• "We want to focus on power sectors investments. We are planning to invest in Gujarat."
  Langye Sun, Director, Dalian City
  

What Top Chinese CEOs Said at Meeting With PM Narendra Modi

 

[PARIKRAMA]

Narendra Modi promotes 'Make in India' campaign, 21 deals signed between Indian, Chinese companies

On the third day of his visit to China, Prime Minister Narendra Modi met CEOs of top Chinese companies in Shanghai on Saturday. Taking ties to a new level, 21 Memorandum of Understandings were signed between Indian and Chinese companies.

Modi who interacted with CEOs of 22 companies, invited them to participate in his 'Make in India' campaign and listed the 5F formula. He said, "I have come to say to you Make in India. The 5F Formula - From Farm to Fibre to Fabric to Fashion to Foreign! India and China can together give something to the world."

In a major takeaway, Bharti enterprises and IL&FS signed deals worth $2.5 billion and $3 billion respectively.

In a major takeaway, Bharti enterprises and IL&FS signed deals worth $2.5 billion and $3 billion respectively.

#narendra modi #china #chinese companies #modi meets ceos
Bharti Enterprises signed two MoUs worth $2.5 billion with two banks - $2 billion with CDP and $0.5 billion with ICBC.

Rajan Bharti Mittal, Vice Chairman of Bharti Enterprises, said, "Predominantly equipments will be from China. The deal is both for African and Indian markets."

IL&FS also inked two MoUs for infrastructure financing. IL&FS CEO Ramesh Bawa said, "Have inked a $1 billion MoU with ICBC for infra financing of projects in China and India. Other MoU is to finance Kutch power project for upto $3 billion. This MOU is with the state-owned China Huaneng company, the largest state-owned power producer in China."

Representatives from top Chinese companies such as Alibaba, Xiaomi and Huawei attended the meet.

Alibaba Chairman Jack Ma who attended the meet said, "We are excited about India. We are excited about Make in India and Digital India."

Backing Jack Ma, SANY Chairman Liang Wengen said, "We are full of hope about India, which offers a dynamic work force and huge market".

Modi will also address to the Indian community in Shanghai today.

Later in the day, Modi will leave for Mongolia which is the second-leg of his three-nation tour.

Narendra Modi promotes 'Make in India' campaign, 21 deals signed between Indian, Chinese companies - IBNLive

List of Chinese companies CEOs who met Narendra Modi
Prime Minister Narendra Modi met CEOs of top Chinese companies in Shanghai on Saturday. Twenty one Memorandum of Understandings have been signed between Indian and Chinese companies. Representatives from top Chinese companies such as Alibaba, Xiaomi and Huawei attended the meeting.

 

[Optimos Prime IA]

Very nice .Once they start coming for Make in India am sure there could be more business from both sides ...

And when PM will reach Mongolia ? And info about schedule ?

 

[indiatester]

It'd be a highlight for me if I ever get to meet even one of these giants!