on august 5, 2015, the invest shenzhen investment promotion delegation staged a "china (shenzhen)-india investment cooperation exchange meting" in india. attendants included megha, secretary-general of the india-china trade association; nikita, secretary-general of the new delhi import and export industry association, udhav, secretary-general of the electronic industries association of india, and mr. kapur, a partner of kpmg in india. also in attendance were business representatives from the country's leading manufacturing industry, information technology and financial services.
invest shenzhen introduced in detail the profile of and development opportunities in shenzhen. they also emphasized strengthening investment cooperation with india in strategic emerging industries (including biology and new energy) and future industries (including marine economy, life & health, aeronautics and astronautics).
secretary-general megha expressed in his speech that india has become an emerging economy and draws the attention of the world because of its high-speed economic growth, and it's one of the "brics" countries along with china, russia, brazil and south africa. with the deepening of strategic partnerships between china and india, exchange and cooperation between shenzhen and india has been expanding continuously.
the invest shenzhen delegation pointed out that bilateral trade reached usd6.34 billion in 2014, representing over half of the trade volume between guangdong province and india, and one-tenth of the total bilateral trade between the two countries.
shenzhen and india have built a good foundation that is mutually complementary for industrial, economic and trade cooperation in terms of new-generation information technology, advanced manufacturing industry and new energy.
it should be noted that in 2010, tata group, one of the fortune global 500 and one of the strongest multinationals in india built its sixth global offshore delivery center in shenzhen. invest shenzhen will continue to consistently strengthen bilateral cooperation, and promote investment exchanges in relevant sectors.
investment attraction specialists from invest shenzhen introduced shenzhen's comprehensive business environment and addressed the concerns of the attendees about their operations in shenzhen.
for the guests to understand foreign enterprise investment and the development conditions in shenzhen, mr. kapur, from kpmg's india hq, introduced some successful cases in investment, development and economic and trade cooperation with shenzhen. he appraised the advantages of the city in terms of a business environment with big data.
finally, invest shenzhen and the india-china trade association established a long-term and multilayered cooperative relationship and signed a memorandum of cooperation.the promotion event generated tremendous responses in india, as the favorable investment environment of shenzhen and the promising prospect of bilateral cooperation attracted a large number of people from both the political and business world to the event. through two-way exchanges, both sides strengthened mutual understanding and promoted further cooperation between shenzhen and india.
china and india are the world's two most populous developing nations, accounting for about 40% of the world's population when combined. common development based on mutual benefit and cooperation is conducive to boosting both countries' international competitiveness and in the fundamental interests of their peoples. since the start of the 21st century, both countries have achieved remarkable results in trade and economic cooperation. bilateral trade increased from under usd3 billion in 2000 to usd74 billion in 2011. in contrast with 2000, china's import trade of goods with india increased by around 13-fold in 2012, and export volume by nearly 30-fold, with trade in goods growing notably. currently, china has become india's biggest trading partner, replacing the uae and the usa, its traditional trading partners.
