[photopress:zones_jexiang.jpg,full,alignright]Jiaxing, a major industrial center located on the east coast of China, is inviting Indian companies to set up a manufacturing base in the city.
Shen Wenping, vice director, Jiaxing Municipal Bureau of Foreign Trade and Economic Cooperation said, ‘Around six Indian Companies including Thermax from Pune have set up base in Jiaxing. We are considering setting up an Indian industrial park to enable Indian investment into Jiaxing.'[photopress:zones_jexiang2.jpg,full,alignleft]
Shen Wenping, who was part of a high level delegation led by Weng Kexiong, vice chairman, Jiaxing Municipal Committee of CPPCC that visited Pune, said they were keen on inviting investment either through a JV or investments and were willing to give priority to Indian companies.
Jiaxing has more than 5,000 foreign-funded enterprises with contractual foreign capital of $17.39 billion and actual foreign capital of $10 million.
Source: Financial Express