Millennium Post

China, BRICS bank will boost capital flows to India: CII

Pinning their hope on the BRICS’ $100 billion ‘New Development Bank’ for investment flow in India, Indian business community sees China as a source of investment in value added manufacturing and infrastructure. ‘Investment flow into India would increase with the coming of BRICS bank. We are looking at China for investment in infrastructure and value-added manufacturing,’ Chandrajit Banerjee, director general of the Confederation of Indian Industries, said on Wednesday.

‘I think there is much more for China to gain from India in terms of investment,’ he said at a lunch talk hosted by the Lee Kuan Yew School of Public Policy.
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