SBI to set up special China desk to attract investors
The Shanghai branch of the State Bank of India will launch a special desk to woo potential Chinese investors as part of its efforts to attract investments from China under the 'Make in India' campaign.
The special China desk, to operate from Monday, will be largely based on the lines of the Japan desk set up in New Delhi, SBI officials attending the 'India-China Business Forum' being held in the Chinese city Wuxi said.
The special desk will provide advisory services, they said. More than 20 Indian firms are taking part in the India-China Business and Investment Forum aimed at introducing latest investment opportunities under the 'Make in India' campaign to their Chinese counterparts. The week-long event, which included India Culture Week celebrations kicked off on Sunday. Indian firms would be introducing the latest investment opportunities in India in sectors like renewable energies, solar panels, roads, smart cities, infrastructure development, urban transportation and power sector, which are now available to Chinese companies under 'Make in India'.
A series of B-2-B meetings have also been planned for the participating Indian companies with their Chinese counterparts, Consul-General of India in Shanghai, Prakash Gupta, said. A cultural performance from a Bhangra/Gidda troupe from India sponsored by the Indian Council for Cultural Relations gave a performance at the South China University Campus. In addition, an Indian Food Festival is being held.