Indo-China Trade Poised To Grow

Indian industry is looking forward to Prime Minister Manmohan Singh''s upcoming visit to China with the hope to expand its trade basket but is wary of a Free Trade Agreement (FTA) with Beijing, saying it is too early to sign it. As Singh, accompanied by a high-profile business delegation, begins his maiden three-day visit from January 13, the Indian industry also expects that the visit would further boost Chinese investment in India in sectors such as roads, power, highways, urban infrastructure and manufacturing. Indian businesses have grown manifolds since the last visit of the Indian Prime Minister in 2003. Since then, Indian businesses have increasingly explored the opportunities in China in various sectors, Madhav Sharma, Chief Representative of CII''s China office in Shanghai, said.